South Dock House, Hanover Quay, Dublin 2 BNP Paribas Real Estate on behalf of Hibernia REIT is offering two high end south docks first floor office suites suitable for up to 100 staff to let at €62.50 per sq. ft. or to purchase for €10.8m. The Irish Times, 20th February
10 Hanover Quay, Dublin 2 Knight Frank is offering office space extending to 69,000 sq. ft. in total in a converted 1880s warehouse at 10 Hanover Quay to pre let quoting €65 per sq. ft. Construction work has just begun at the Kennedy Wilson (in conjunction with NAMA) development with completion due Q1 2021. The Irish Times, 20th February
Leeson Street, Dublin 2 Knight Frank is guiding €1.8m for a four storey over basement Georgian office investment extending to 3,579 sq. ft. with a courtyard to the rear at 22 Lower Leeson Street. The property is being sold with vacant possession bar the 752 sq. ft. self-contained basement which is subject to an occupational lease (expiring September 2022) producing rent of €20k. The Irish Times, 20th February
Cork QRE Real Estate Advisers is quoting €1.55m for a vacant 28,670 sq. ft. industrial and office investment in the IDA Business and Technology Park on Model Farm Road, Cork. The asset includes a production area of 18,900 sq. ft. and a two-storey office block at the front of 9,769 sq. ft. The site includes 85 car parking spaces. The Irish Times, 20th February
Harold’s Cross, Dublin 6 Rosie O’Grady’s pub at 280-288 Harold’s Cross Road on 0.66 acres in Harolds Cross has been sold by hospitality group Canbe. The purchaser or agreed price was not disclosed. The Irish Times, 20th February
Clonburris Strategic Development Zone (SDZ), West Dublin A 65-acre SDZ site in west Dublin is being offered for sale by Savills guiding €27.5m. The 65-acre site could accommodate 800 to 950 residential units (at a density of 18 – 23 per acre) and 8,611 sq. ft. of commercial space. The guide price is €423k per acre or €30k to €32k per residential plot. Plans for Clonburris, between Lucan and Clondalkin, envisage a new town of about 21,000 people in 8,400 homes (minimum of 2,700 will be social and affordable) delivered under the SDZ “fast-track” planning system located on 280 hectares of former farmland on both sides of the Dublin-Kildare railway line and the Grand Canal, just over 10km from the city centre. The Irish Times, Wednesday 20th February
Dundrum, Dublin 16 Hammerson is reportedly in pre-application talks with planners about proposals to build 100 homes, and possibly a hotel, on a neighbouring site to its co-owned Dundrum Town Centre with Allianz at the south Dublin suburb. The company additionally owns shopping centres at the Ilac in Dublin City Centre in partnership with Irish Life and is a stakeholder in the Pavilions, Swords, Co. Dublin with Iput. It reported net rental income of €46.6m (increase of 1.4% y/y) from its Irish properties in 2018. The Irish Times, 26th February
Douglas, Cork It is reported that a seven acre site in Douglas for residential development of 150 units has been sold by Savills for c. €10m (€1.428m per acre) to developers Centurion Homes. The Irish Examiner, 21st February
Harold’s Cross, Dublin 6 1.25 acres at the former Classic cinema site was sold for more than €8m by Knight Frank. The site was initially guided at €6m and a feasibility study suggested that 76 apartments and retail space might be accommodated on it. The Irish Times, Wednesday 20th February.
Dublin 11 Hooke & MacDonald is quoting €2.835m for a portfolio of 19 residential properties (c. €149k per unit) located 600m from Ikea at Mayeston Hall, Dublin 11 on St. Margaret’s Road. The portfolio comprises of four 1-bed and 14 2-bed apartments in addition to a 4-bed house. Two apartments are let on standard tenancies and the remainder of the portfolio is vacant. The Irish Times, 20th February
Chapelizod, Dublin 20 A residential site for nine large houses extending to 0.37 acres at 3 – 9 Lucan Road is being marketed for sale by Knight Frank for €1.6m. The planning permission allows for the restoration and extension of an existing house known as Mayfield House and demolition of four derelict cottages for a development of nine three storey, three bed terraced houses ranging from 1,356 – 1,722 sq. ft. The Irish Times, 20th February
Dunboyne, Co. Meath Coonan Property is quoting €1.95m (€50k per acre) for 39 acres of agriculture land that may have development potential located c. 3km from Lucan, Co. Dublin. The Irish Times, 20th February
76 Grafton Street, Dublin 2 Savills is offering a sublet of the Fitzpatricks Shoes unit, 76 Grafton Street at €510k p.a. The retail element extends to c. 1,462 sq. ft. on the ground floor with 1,403 sq. ft. at basement level. The 1,000 sq. ft. first floor is currently a canteen with the second floor (540 sq. ft.) used as offices and the third floor (690 sq. ft.) as storage. The Irish Times, 20th February
22 Wicklow Street, Dublin 2 CBRE is seeking €2.2m for a fully let four storey 1,991 sq. ft. retail and office investment at 22 Wicklow Street generating €102k p.a. (NIY 4.27%). The four-storey-over-basement property extends to 1,991 sq. ft. KNails occupies the basement and ground floor (c. 850 sq. ft.) on a 20-year lease from February 2019 at €72k p.a. with a tenant break option at year 10. The first, second and third floors (c. 1,142 sq. ft. of office space) are occupied by Equindo Ltd on a five-year lease from March 2016 at €30k p.a. The Irish Times, 20th February
Showgrounds Shopping Centre, Co. Tipperary Joint agents HWBC and Cushman & Wakefield have completed six new lettings at the 30 unit 129,000 sq. ft. Showgrounds shopping centre in Clonmel, Co. Tipperary. The shopping centre is anchored by TK Maxx, Argos and Marks & Spencer. The new tenancy terms were undisclosed but the tenants include Iceland (25,220 sq. ft.), Dealz (8,200 sq. ft.) and Costa Coffee (2,195 sq. ft.). The Irish Times, 20th February
Blackrock, Co. Dublin QRE Real Estate Advisers is guiding €1.9m for a retail and residential investment at 1 and 3 Rockville, off Newtownpark Avenue generating €145k p.a. (NIY 7.03%). Spar (guaranteed by BWG Group) occupies the ground floor level at €70k p.a. on a 25 year lease from 2015 with a rent review due in 2020 and break option in year 10. The Irish Independent, 21st February
South Anne Street, Dublin 2 A well-known Irish footwear retailer has reportedly agreed to lease the 2,231 sq. ft. unit over five levels at 2 South Anne Street at €120k p.a from Irish Life with the letting handled by Savills. The unit was formerly occupied by Alan Keville since 2011 under a 15 year lease initially at €87.5k p.a. due to increase to €92k in July 2015 and included a tenant break option in July 2018. The Irish Times, 20th February
Munster Sector The Irish Examiner reported that LeBruin raised over €70m in finance for its clients in 2018 via a range of funding options for investments and new developments in Munster, including South Mall, Little Island and Douglas with €100m in the pipeline. LeBruin noted that the largest growth in capital demand was for new developments in the residential, hotel and office sectors. The Irish Examiner, 22nd February
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