Welcome to the Origin Capital Weekly Irish Property Review. This update is designed to provide you with a full recap of the latest property news from the media over the last seven days.
MIXED USE
O’Connell Street Lower, Dublin 1 Plans have been lodged by Kinstonway Limited for the redevelopment of the landmark former Ulster Bank building. The site at 2-4 O’Connell Street was brought to the market by Cushman & Wakefield in May 2025 with a guide price of €2.75m. The building currently comprises two empty units at ground floor-level, with vacant offices overhead. The proposed development seeks to subdivide the former bank premises into three separate and independent units, comprising one retail unit, one restaurant unit and one office unit. It proposed Unit two, located at No. 2 O’Connell Street, be retained as retail use across approx. 1,300 sq. ft. Unit three, which comprises office use from the first to fourth floors of 2 to 4 O’Connell Street Lower across approx. 10,100 sq. ft, will also be kept the same under the proposed development. Unit four, located at 2-4 O’Connell Street lower, is proposed to be used as a restaurant across approx. 7,900 sq. ft across basement, ground and mezzanine levels. The Business Post, 11th August
OFFICE
College Square, Dublin 2 US tech firm Workday has put a fifth of the space it let in a new 21-storey office block in Dublin city centre back on the market a year after choosing the building as its new European headquarters. In April 2025, the company struck a deal to occupy the entire 416,000 sq. ft of office space in the newly built College Square scheme from Marlet Property Group. Workday, which is fitting out the building before moving in, has since decided to sublet at least a fifth of the space as it has been deemed surplus to requirements. Cushman & Wakefield has been instructed to advertise the second and third floors in College Square, which span 89,340 sq. ft, as available to let on flexible lease terms. College Square was developed by Marlet with its partner M&G Investments, on sites occupied formerly by Apollo House and the neighbouring College House. The mixed-used scheme includes 58 high-end apartments on 12 floors above the 10 floors of offices and 17,006 sq. ft of retail space on the ground floor. The Irish Times, 14th August
Sir Rogerson’s Quay, Dublin 2 Indeed is seeking to sublet a third of its EMEA headquarters, in a growing trend of tech companies scaling back their office needs. The firm which employs more than 1,000 people in Dublin has enlisted Savills to lease the first four floors of 100 Capital Dock, one of two buildings it occupies at 80 Sir John Rogerson’s Quay. Savills have quoted prospective clients annual rent of €59.50 psf for the 72,470 sq. ft space which is available to sublease in its entirety or floor-by-floor basis. The four available floors range from 16,489 sq. ft to 18,665 sq. ft. In 2017, the US multinational signed a 20-year pre-lease with Kennedy Wilson for 100 and 300 Capital Dock, together totalling 216,000 sq. ft, and said it would add 600 roles to what was at the time its 1,000-strong Irish workforce at its official opening two years later. Indeed subsequently sublet part of its St Stephen’s Green office in 2021, for which it had renewed its lease the year before, moving the majority of its Irish-based staff to Capital Dock. The Business Post, 15th August
Swords, Co. Dublin Bidvest Noonan has agreed a lease for 19,500 sq. ft at the recently completed Airside Green in Swords. The company, which provides cleaning, security and technical services across Ireland and the UK, has long been based in Swords. The letting also marks another milestone for Airside Green, with Bidvest Noonan becoming the development’s second occupier. Airside Green comprises six floors of office accommodation arranged around a central core with flexible floorplates. The A-rated building has been designed to meet modern occupier requirements while benefiting from strong transport links. The development also benefits from its location beside Airside Retail Park and within a short walk of the Pavilions Shopping Centre. The Business Post, 13th August
Dockline Building, Dublin 1 Sony is set to take a lease in Dublin’s docklands under plans to grow out a research and development team for its iconic PlayStation brand. Sony announced plans last year to set up an office in Dublin which will take two floors at the Dockline Building in the IFSC. The space, which is 32,000 sq. ft in size, is part of a bigger office property. It’s expected the PlayStation team will move into the space, which is fully fitted out, in 2027. Dockline is a six-storey, Grade-A office and extends to 80,000 sq. ft. JLL is understood to be acting for Sony. Sony’s lease for the building is understood to represent a new lease with UBS, the landlord of the building. Sony’s plan to open a digital innovation and engineering centre in Dublin was first announced by IDA Ireland in April 2025. The Business Post, 11th August
INDUSTRIAL
Nexus Logistics Park, N2 US recycling firm Paladin Envirotech has taken space at Iput’s Nexus Logistics Park, letting 53,000 sq. ft of space at Unit 8. Headquartered in Florida, Paladin disposes outdated IT equipment in a secure and environmentally responsible manner. The US firm recently acquired Irish tech recycling company ICT as part of a €12m expansion plan. Iput said the unit forms part of the first phase of development at Nexus in north Dublin, which will deliver 1.5m sq. ft. across nine units. The wider park will comprise 17 units and 2.5m sq. ft. Following the letting of Unit 8 to Paladin, Iput said it will start the development of Unit 3, comprising 148,000 sq. ft, with completion targeted for May next year. In March 2025, Iput announced a €230m commitment to launch a new sustainable logistics sub-fund. The Dublin-based company raised €115m in new capital from two new investors – the Ireland Strategic Investment Fund, and a European institutional investor via CBRE IM’s Indirect Strategies, to develop the first phase of Nexus Logistics Park. The remaining €115m is being invested by Iput through a combination of capital and its zoned logistics landbank. The Business Post, 17th August
RETAIL
Howley’s Quay, Co. Limerick Tribeca Holdings is buying the building which is occupied by hospitality venue House Limerick. Tribeca Holdings, which already owns the remainder of the building on Howley’s Quay, is expected to redevelop the entire site following completion of the transaction. Fifty-nine full and part-time staff will lose their jobs as a result of House Limerick ceasing trading. Interpath was appointed joint receivers to the business on December 2, 2025. The proposed transaction involves the acquisition of the property from Vistamet Properties 2 Limited together with the licence, fixtures and fittings associated with House Limerick from a company called Yellow Way Limited. The price being paid is not known. House Limerick’s sister business House Dublin on Leeson Street is not impacted by the transactions. Interpath receivers continue to run House Dublin as a trading hospitality business. The Currency, 11th August
Dundrum, Dublin 14 The High Court has appointed joint liquidators to the Harvey Nichols luxury store in Dundrum Town Centre. The Dundrum store employs 33 people and it had been unable to recover from poor trading since the Covid-19 pandemic and was no longer being financially supported by its UK mother group. The annual rent for the Harvey Nichols Dundrum store was €1.059m and since Covid-19 the company had net liabilities of €19.382m in 2021 which had risen to €28.2m by the end of the 2026 financial year. The sole director stated that nobody wanted to buy the company and the board had decided it was in its best interests to enter a winding up process. RTE.ie, 14th August
RESIDENTIAL / DEVELOPMENT
Foxrock, Dublin 18 JLT Gortanore Limited has secured planning permission for a residential development in Foxrock. The 51-home project at Gortanore on Brighton Road, which DRLCC granted permission for, will comprise 30 apartments and 21 houses. The Foxrock site was acquired last year for €5.5m and was previously the site of a former embassy. Gortanore was purchased by the Royal Embassy of Saudi Arabia in 2013 from a Developer, who had paid €31m for the estate in 2006 with ambitions for a large apartment scheme. Planning permission allows for the demolition of the existing two-storey dwelling and ancillary buildings and their replacement with two four-storey apartment blocks fronting Brighton Road, containing 24 one-bedroom and six two-bedroom apartments. A further 21 houses will be built within the site, comprising nine three-bedroom terraced homes, eight four-bedroom semi-detached houses and four detached five-bedroom homes. The development also includes 60 car parking spaces, 48 bicycle spaces, more than 32,291 sq. ft of public and communal open space, new access roads, landscaped public areas and sustainable drainage infrastructure. The Business Post, 11th August
Ardfert, Co. Kerry A substantial landholding in Ardfert, with potential for housing and mixed-use development, has been launched to market with a guide price of approx. €2.5m. The strategically located property includes 16.3 acre of predominantly level greenfield land, as well as a two-bedroom house, a commercial garage unit and an adjoining carpark. The sale, subject to planning permission, includes 6.89 acres of land zoned ‘R4/Strategic Residential Reserve’, a local authority classification that marks it out for future housing development. A further 9.19 acres are zoned M1/Mixed-Use/General Development, which could potentially include both a residential and commercial element. Lastly the sale includes a 0.2 acre comprised of the commercial yard/carpark/house, zoned ‘M2/Town/Village Centre’ which provides for the development and enhancement of town core uses, including retail, residential, commercial, civic and other uses. The property is being sold by two local landowners whose decision to join forces for the purpose of the sale will improve access to the site for the buyer. The garage continues to trade, while the house is rented out. The Examiner, 13th August
Longwood, Co. Meath A fully serviced residential development site complete with planning permission, an extension of duration and an Irish Water connection agreement, has been brought to the market with a guide price in excess of €2m. Coonan Property has been instructed to sell the approx. 3.7-acre site on the Enfield Road in Longwood, where permission is in place for a 35-home scheme. The development was originally granted planning permission by Meath County Council, with the approval subsequently extended. The proposed scheme comprises a mix of detached, semi-detached and terraced homes, including six four-bedroom semi-detached houses, one four-bedroom detached house, 16 three-bedroom semi-detached units, eight two-bedroom mid-terrace homes and four four-bedroom end-of-terrace properties. The site occupies a prominent position on the eastern side of Longwood village, less than 250 metres from the village centre and directly opposite the area’s primary and secondary schools. The Business Post, 12th August
Greater Dublin Area The main property development subsidiaries of home builder Evara doubled revenues last year as the group significantly ramped up construction activity. The company completed close to 1,000 homes last year across projects in Portmarnock in north Dublin, Adamstown, Clonburris and Saggart in west Dublin, Kilternan and Cherrywood in south Dublin. New financial filings for 10 of the home builder’s entities behind these housing projects show they reported combined revenue of €256m in 2025, compared with €126m the previous year. Each of the 10 individual entities managing Evara’s construction projects recorded an operating profit. Combined profits at the companies came to more than €60m, compared with €25m the previous year. The company has forecast it will complete 1,400 homes this year and said it is on track for 1,500 completions annually by next year. The company has delivered more than 3,000 homes since it was founded seven years ago and currently has a pipeline of more than 7,000 homes to build. The Irish Times, 13th August
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