Mount Falcon Estate, Co. Mayo The four-star Manor House Hotel and its 95-acre estate is being offered for sale on behalf of the Maloney family by CBRE, seeking in excess of €10m. Mount Falcon comprises 32 guest bedrooms in the principal Manor House along with 45 guest lodges distributed across three areas, The Woodlands, The Courtyard, and the Lakeside that are within the wider estate. The hotel owns 17 of these lodges and, together with some of the lodges they lease, there is additional accommodation for a further 118 guests. The Manor House was designed in 1872 and was completed in 1876. Acquired for a reported €3.5m in 2002, the property and its estate underwent a multimillion-euro restoration over three years and opened for business as a luxury country-house hotel in 2006. Mount Falcon’s guest accommodation is complemented by the Kitchen Restaurant, The Boathole Bar, a 17m indoor pool, the Elemis spa and a range of conference and banqueting facilities including the Fuller Room, which has capacity for up to 200 guests. The Mount Falcon Estate comes with 3.2km of double-bank salmon fishing on the adjoining River Moy. The Irish Times, 8th July
Cardiff Lane, Dublin 2 JLL, on behalf of Oakmount, is guiding €6.25m for a newly developed office building in Dublin’s south docklands. The figure represents a substantial discount on the amount Oakmount spent on the acquisition of the building’s site and its subsequent development. The Irish Times understands the proceeds of the sale will be used to repay the lender on the project. Developed on the site previously occupied by the Crown Decorating Centre, 2 Cardiff Lane comprises 7,420 sq. ft of grade A office accommodation distributed over nine storeys, with a ground-floor retail unit of 751sq. ft. The building’s office floor plates range in size from 791 sq. ft (penthouse) to 846 sq. ft on the lower floors. The Irish Times, 8th July
Harcourt Street, Dublin 2 A private investor has purchased the historic Clonmell House on Harcourt Street for €3.7m. The four-storey over-basement Georgian building extends to approximately 8,811 sq. ft and comes with a two-storey mews together with 10 secure car-parking spaces accessed via Montague Lane. In May 2025, when it was launched on the market guiding €4.5m, The Irish Times reported that its basement and the first floor of the mews was let to Vaugirard under two separate leases with the basement in use as a bar and nightclub. It also said that both leases were for a term of 25 years from January 2016, with a passing rent of €55,700 and €8,000 respectively. The Irish Independent, 9th July
Stephen Court, Dublin 2 Mason Hayes & Curran is expected to conclude a lease agreement with Irish Life, the owner of the Stephen Court building, in the coming months. Stephen Court Limited, a subsidiary of Irish Life Assurance, received planning permission from Dublin City Council (“DCC”) in 2023 to demolish the building that housed Anglo’s headquarters, and build a seven-storey office block in its place. The project to revamp the building will increase its size from 151,000 sq. ft to 228,000 sq. ft. As part of its efforts to secure new office space, Mason Hayes & Curran was told it would be required to pay 15% – 30% more than the market rate to secure a space in Dublin 2. It is understood that market prime headline office rents currently sit between €65 and €67.50 psf. CBRE said in January that headline rents would need to rise to at least €75 psf “to support the viability of new construction”. The Business Post, 11th July
Dundrum Town Centre, Dublin 16 Dundrum Town Centre will be home to Ireland’s first Zara Home outlet later this year after the brand confirmed plans to significantly expand its Irish footprint. The new 15,854 sq. ft store will occupy a “prime location” in Town Square and will serve as a new anchor brand in the Pembroke District. It comes on the back of Zara’s ongoing major expansion and refurbishment of its existing store inside Dundrum Town’s main centre, increasing its footprint by 43% from 26,300 sq. ft to 37,700 sq. ft. The Business Post, 9th July
Deansgrange, Co. Dublin The German retailer Lidl will close its Deansgrange outlet with BNP Paribas guiding a price of €4m. The subject property comprises a retail unit of 14,402sq. ft along with a 120-space double-basement car park on a 0.99 acre site. Although the premises is occupied by German discount retailer Lidl at present, full vacant possession will be provided by Q4 of this year. The property is zoned ‘ZC’ Neighbourhood Centre under the DLRCC Development Plan, offering the incoming owner flexibility for a wide range of retail and commercial uses, subject to the necessary planning requirements. The Irish Times, 8th July
Navan, Co. Meath The Navan packaging facility occupied by Irish confectionery brand Lir Chocolates has been brought to the market by Colliers who are guiding €2.6m for the premises. Price equates to a capital value of €94 psf. Lir Chocolates Limited has been over holding for more than a year on an expired nine-year lease which dates from April 2016. Last October, the Irish Independent reported that the UK is Lir’s biggest market accounting for 69% or €28.83m of its 2024 revenues while the Republic accounted for 8%, or €3.44m, of its turnover. Unit 2 Navan Business and Technology Park is a modern detached industrial facility extending to 27,594 sq. ft gross external area comprising 19,769 sq. ft of warehouse accommodation and 7,501 sq. ft of modern two-storey office accommodation. The business park itself sits on a 91-acre site in Athlumney, Co. Meath. The Irish Independent, 9th July
Abbey Street, Dublin 1 Jervis Shopping Centre’s new owners have sought permission to make further changes to create space for a new leisure and retail offering. Last year, the 247,569 sq. ft shopping centre was acquired by UK-headquartered retail investor Pradera and Connecticut-based Cross Ocean Partners for close to €115m. The new owners have lodged plans with DCC to make changes to the development, which has a vacancy rate of close to 30%. A planning application lodged this week is for permission to subdivide a 38,341 sq. ft unit previously occupied by fashion retailer New Look into two units. The space has been vacant since New Look’s liquidation in February last year. The application said one of the new units created would span 23,465 sq. ft and be used as an amusement and leisure facility, with scope for retail, restaurant and bar facilities. The second unit created would remain in retail use. The application did not clarify which business has agreed to lease the leisure space. It said the expected tenant had intentions to provide amusements, including bowling alleys, mini electrical go-karts, mini golf, arcade games and pool. The centre’s owners applied for permission in recent weeks to convert a long-vacant unit into a restaurant space. The 15,069 sq. ft unit on the first floor was previously occupied by US youth fashion retailer Forever 21 until it closed its Irish business in January 2018. The Irish Times, 9th July
Baggot Street Upper, Dublin 4 The Upper Leeson Street Area Residents’ Association (ULSARA) is objecting to plans to convert a vacant retail unit into a gastropub on the ground floor, with three residential units on the upper floors, at 21 Baggot Street Upper which was formerly a Weirs hardware store. In its objection, ULSARA states that there were 28 ground-floor retail outlets trading on the street, of which 17 are already hospitality outlets: 11 are restaurants or fast food restaurants, three are pubs and three are coffee shops. The Pembroke Road Residents Association and the Upper Baggot Street Traders Association have also raised similar concerns. The Irish Times, 13th July
Savills Q2 Report The accumulative take-up in the second quarter reached 619,000 sq. ft across 14 deals, marking a 13% increase year-on-year. While the same number of deals was also recorded in the same period of 2025, the average deal size was up this year to approximately 44,200 sq. ft. Ireland’s vacancy rate remained at 2.8%. Meanwhile, a trend towards smaller, lighter units continued this quarter with an average completion size of 24,900 sq. ft, compared to 96,000 sq. ft across 2025. The industrial sector also benefited from occupiers working in information and communications technology, which included data centre related businesses. According to the report, take-up is expected to continue its incline moving into the latter half of the year, with more than 1m sq. ft currently reserved across vacant and pipeline stock. The Irish Times, 9th July
Blackrock Road, Cork A prime development site on Cork city’s ‘Millionaires’ Row’ with planning permission for 48 homes has been launched to market through Cohalan Dowling with a €4m guide price. The 1.5 acre plot on the city end of Blackrock Road near Ashton Park is adjacent to former Society of African Missions house Feltrim, a period property on three acres that sold at the end of 2024 for €6m. A planning application has so far not been lodged for the redevelopment of the Feltrim lands, although it’s understood the preference is for detached, high-end homes. The latest €4m market arrival on Blackrock Road is being sold by Wicklow-based Dwellings Development Blackrock Road Ltd. Having acquired the Blackrock Road site off-market for a rumoured €3m-€3.5m (c€2m per acre) in 2022, the company subsequently sought permission to develop the land in July 2023 and cleared the final planning hurdle on appeal in January last year, paving the way for the construction of 44 mews apartments, spread over one five-storey and one six-storey block, as well as four three-storey, four-bed mews houses. The Examiner, 8th July
Carrigaline, Co. Cork Cork County Council (“CCC”) is the new owner of Avondale Park, the former home ground of Avondale United Football Club, in a deal valued at €2.5m. The 4.62-acre site, in an area with favourable zoning for housing, could accommodate up to 70 homes based on current guidelines. The closure of the deal has released funds to the club to press ahead with the development of alternate lands on the Carrigrohane “straight” road closer to Cork City, leased from CCC for a peppercorn rent. The club lodged a planning application in May to develop a new sporting infrastructure at the Carrigrohane site, to include one full-size artificial pitch, one full-size natural grass pitch, and floodlighting for both pitches and training areas, as well as upgrades to an existing car park. Avondale Utd had played in Carrigaline since 1986. The Examiner, 9th July
Sutton, Dublin 13 German investor MEAG has purchased another Dublin property investment with the purchase of an apartment complex with 140 units in Sutton. The Seafield Strand development comprises six residential blocks with a total of 140 apartments and a preschool. The apartments consist of 108 two-bedroom units with the remaining properties made up of one and three-bedroom apartments. MEAG was advised on the transaction by CBRE. It follows MEAG’s purchase of another residential investment, 18 Newmarket Square in the Liberties, for €75m and its more recent acquisition of One Molesworth Street, which includes the Ivy Restaurant on Dawson Street, for €110m. The Irish Independent, 9th July
Kildare town, Co. Kildare Ready-to-go site with full planning permission for 20 houses has come to the market on the edge of Kildare town with Coonan Property guiding €1.8m for it. Extending to approximately 2.15 acres, its planning permission from Kildare County Council (“KCC”) permits the development to consist of two detached houses, 10 semi-detached houses and eight terraced houses. KCC granted planning permission in August 2024 to Glencresent Property Ltd for the development. Glencresent undertook some initial works including foundations for six semi-detached houses and secured an agreement with KCC for the contribution waiver. Subsequently, Glencresent put it up for auction in March 2025 with a €1.4m guide price and auctioneer Coonan sold it after auction for over its guide price. The property developer who purchased it negotiated a connection agreement with Irish Water. The owner then decided to sell it as it reviewed the company’s growth strategy after it secured opportunities to upscale other development projects. The Irish Independent, 9th July
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Nangor Road, Dublin 12 Quinn Agnew is guiding €1.95m for Block E, Westland Business Park where the top two floors are let. These first and second floors are generating a passing rent of €145,000 pa with the lease expiry on those floors extending for 20 years from August 2024. In all, the three-storey building extends to 13,568 sq. ft and comes with 40 designated car-parking spaces. Completely refurbished, the office block is laid out with both open-plan and cellular offices as well as meeting rooms to match. The first and second floors are occupied by H+K International, a provider of integrated equipment and service solutions to the restaurant and retail industries. Having been fully refurbished with raised-access carpeted floors, suspended ceilings and LED lighting, each floor is equipped with a kitchenette, staff welfare facilities and lift access to each floor. The Irish Independent, 2nd July
Leasing Activity Over 400,000 sq. ft of office space was signed for in Q2 according to a report from Knight Frank. The steady pace of leasing in the period April-June means total take-up for the first half of the year came to almost 800,000 sq. ft. This is in line with the average achieved across the preceding five half-year periods. Half of the space taken during the six months was located in Dublin 2, which will add further pressure to current supply and future availability of space in this location. The largest space reserved was 100,000 sq. ft at 160 Townsend Street for which Enterprise Ireland agreed terms. The authors of the report point to a strong pipeline of reserved space, with 1.1m sq. ft agreed, half of which is focused on Dublin 2. One of the largest outstanding deals is artificial intelligence firm OpenAI’s move to the Tropical Fruit Warehouse on Sir John Rogerson’s Quay. The former warehouse had been earmarked for TikTok, but OpenAI is now set to take up its 88,000 sq. ft of space. Forecast total take-up will reach 2.0-2.2m sq. ft for the year. Given the ongoing strong steady demand for space, the pace of rental growth will accelerate, with prime rents expected to be €70 psf by year-end and at least €75 psf for pre-lets. The Irish Times, 1st July
Henry Street, Dublin 1 Zara will almost triple the physical footprint of its Dublin flagship store under new plans to revive its presence on Henry Street. Under the plans, due to be completed in the final quarter of the year, the store will be its biggest in Ireland. The Spanish fashion giant in September 2024 closed its 20,000 sq. ft. store on Henry Street, in the old Debenhams building, saying it intended to reopen the premises in the future. The Business Post understands Zara’s Henry Street store will reopen towards the end of 2026, with the retailer set to occupy the entire basement of the Debenhams store as well as the upper floors of its previous space. The 210,000 sq. ft. building has been redeveloped in recent years, having been bought by Mike Ashley’s Frasers Group in 2024. Sports Direct, also owned by Ashley, is planning to open a flagship store there in the near future, alongside a 27,544 sq. ft gym, which will be the first opened by the group in the south of Ireland. The Business Post, 1st July
Rosses Point, Co. Sligo The owners of the Glasshouse hotel in Sligo town have bought Yeats Country Hotel Spa & Leisure just a few kilometres down the road. The Rosses Point hotel was owned by Fiona McEniff, who is thought to be retiring out of the trade. Michael O’Hehir and Ronnie Greaney, long-term business partners, are believed to have purchased the 98-bedroom hotel for €7m. The duo developed and opened the Glasshouse, then known as the Silver Swan hotel, in 2003. The Yeats Country Hotel has been closed since 2023 to accommodate Ukrainian refugees. However, the last of the residents were due to move out of the hotel in June, as the Department of Justice closes accommodation centres around the country. Before its closure, the business operated as a four-star hotel with a swimming pool, spa and leisure club. The hotel was put on the market in 2024 but did not sell. It has an oceanfront location, overlooking Coney and Oyster islands. The Sunday Times, 5th July
Hotel Performance Dublin hotels are outperforming most of their European counterparts in terms of revenues and occupancy levels according to a new report from Savills. Revenues per room (RevPAR) in Dublin reached €148 in the 12 months to April this year while occupancy levels reached 84.1%, well above the European average of 71.7% and ahead of major gateway cities. Only Edinburgh outperformed Dublin in terms of occupancy at 85% and RevPAR, at £141 (€163). The research found Dublin recorded 146 nights where hotel occupancy exceeded 90%, known in the hotel industry as compression nights because demand leaves very little bedroom capacity available. The report also highlights the continued importance of the US market, with American visitors accounting for around one-fifth of overseas visitors to Ireland while generating 41% of international tourism expenditure. This high-spending visitor base continues to support premium room rates, luxury accommodation and year-round demand. The Irish Independent, 2nd July
Rathgar, Dublin 6 A prime residential development opportunity has come to the market quoting in excess of €6m. The former Murphy & Gunn Hyundai dealership, at the corner of Kenilworth Square and Rathgar Avenue, last came to the market in 2021 quoting €8.5m. At the time, a feasibility study suggested the site could accommodate a scheme of 90 apartments, subject to planning permission. This time around the site, which extends to approx. 0.8 acres and no longer includes 45 Kenilworth Square, is being offered to the market by Knight Frank and benefits from planning permission for the demolition of all structures on site and the development of 19 residential units across a mix of houses, apartments and duplexes. The proposed scheme includes a three-bedroom plus large study mews house, three four-bedroom mid-terrace houses and one four-bedroom end-of-terrace house. The scheme includes seven ground-floor, two-bedroom apartments, ranging from approx. 769 to 789 sq. ft, and seven three-bedroom duplexes. The Irish Times, 1st July
O’Connell Street, Dublin 1 Support for a state acquisition of the landmark Carlton Cinema site on O’Connell Street is growing after being left vacant for almost 32 years, as politicians across parties rally against dereliction. The site’s location at the heart of the capital’s main thoroughfare has made it the poster child for the problem of derelict properties in Dublin city, due to decades-long legal issues that have stymied its development. The cinema closed in October 1994 and has remained vacant ever since. O’Connell Street’s issues were laid bare last week after travel bible Lonely Planet described the area as a “troubled street”, highlighting vacant buildings, dereliction and long-stalled redevelopments. The Irish Independent, 6th July
Various JLL is guiding €650,000 for a development site at 32 Hatch Street, close to the junction of Leeson Street and Hatch Street in Dublin 2. Extending to 0.03 acres, it benefits from 10 metres of frontage onto Hatch Street Lower. While the site does not currently have planning permission, it presents an opportunity for redevelopment as a small-scale infill residential or guesthouse scheme. In Finglas, the site of the former Drake Inn pub was sold at a BidX1 auction for €806,000 or 34% over its €600,000 guide price. It came with permission for 25 apartments. In 2023 it was guiding €1.5m and in 2024 the vendor, a company named Mulsh Sarl, received permission for a retail unit and cafe along with eight one-bedroom apartments, 11 two-bedroom units and six three beds. Near Kildare town, an 11.8 acre land holding sold for €500,000 or the equivalent of €42,000 per acre at a Coonan Property auction. That was about 25% more than the €400,000 guide price. It is believed to have been bought by a local landowner. The Irish Independent, 2nd July
Home Building Programme Dublin City Council (DCC) is seeking builders to participate in a €2.5bn house building programme across the capital over a four-year period. In a notice published on Monday, DCC states that it intends to establish two four-year contractor multiparty framework agreements “for the delivery of a significant programme of housing projects”. This will utilise primarily the design and build (DB) delivery model. An estimated value of €2.5bn has been placed on the works. The council said 26 sites comprising approx. 4,000 residential units have been identified for inclusion in the scheme and further sites may be added. DCC has already secured planning permission for 13 of the sites and obtaining planning consents will be its responsibility for the remaining sites. Among the sites where DCC has secured planning permission are 167 units for Stanley Street in Dublin 7; 171 homes for Basin View in Dublin 8; 171 units for Cherry Orchard Avenue in Dublin 8; 288 properties for Ballymun LAP site, and 110 units for the Church of Annunciation in Finglas. The Irish Times, 6th July
Q2 Investment More than €1bn worth of investment property deals were done in Q2 according to the latest provisional figures compiled by CBRE. This represents the strongest second quarter since 2022, driven by a large industrial portfolio sale, Horizon Logistics Park, and also supported by healthy activity across other sectors including offices and residential. The figure brings to approximately €1.5bn the total value of deals done in the first half of this year which is nearly 70% ahead of the same period last year. Henderson Park’s sale of Horizon Logistics Park in north Dublin for €500m was one of the largest individual property transactions ever recorded in the Irish market. It was purchased by Singapore-based GIC in partnership with Valor and accounted for approx. 50% of the total Q2 investment. A second Henderson Park sale contributed to office investment activity as the UK-based investor sold One Molesworth Street, Dublin 2 for €110m. Best known for the upmarket Ivy restaurant on its ground floor at the corner of Dawson Street and Molesworth Street, this mainly office building was purchased by MEAG, the investment management arm of Munich Re. The Irish Independent, 2nd July
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Trim, Co. Meath FBD has agreed to buy Knightsbrook hotel, the Sunday Times understands. The hotel was put on the market in April for €25m, and hotel industry sources say it has achieved that figure. FBD, a farmer-owned investment company, is the largest shareholder in the quoted insurer FBD Holdings. It already owns five hotels in Ireland, including the Castleknock hotel, the Heritage in Killenard and Faithlegg in Waterford. The company owns two hotels in Spain and has a residential property development at La Cala with Taylor Wimpey. The acquisition of Knightsbrook will bring the number of hotel rooms in its portfolio to over 1,500. Knightsbrook has 131 rooms and 28 self-catering holiday homes. On 172 acres, the property also has an 18-hole golf course and a spa. The hotel has been run by the Cusack Hotel Group but since 2017 has been owned by a group of investors who bought it for €19.5m. It was being pitched by property agents as having “significant potential”, with “target capital investment”, to be repositioned as a destination resort. The Sunday Times, 28th June
Lucan, Co. Dublin Having failed to find a buyer when it was offered for sale for €5.25m on behalf of Oakmount in 2024, the Foxhunter pub has returned to the market guiding €3m. The sale is being handled by joint agents Colliers and John P Younge on behalf of receivers Interpath. While the €3m now being sought for the Foxhunter matches the price paid by Oakmount for the pub and its adjoining 1.06-acre site in 2019, the property had been dormant when they acquired it. On this occasion, the investment is underpinned by a 25-year FRI lease to Rocket Fusion Ltd from September 2019, providing a secure annual income of €275,000, with five-yearly rent reviews. A former company within the Press Up group, Rocket Fusion now forms part of Eclective, the group established in 2024 by London-based finance firm Cheyne Capital. The Foxhunter comprises a substantial licensed premises (16,264 sq. ft) along with two restaurants trading as Elephant & Castle and Wowburger respectively. The venue also includes a private function room with its own bar and outdoor terrace. The property also has two self-contained two-bedroom apartments at first-floor level. The Irish Times, 24th June
Brick Yards, Dublin 1 A new “world-class” entertainment venue is being planned for Dublin’s north docklands by Ticketmaster owner Live Nation, Gaiety Investments and US firm Oak View Group. Live Nation confirmed to the Business Post that the partners are in the “early stages” of planning the venue at the recently acquired Brick Yards site in the docklands. The eight-acre site, now known as Merchants Yard, was bought off-market for close to €90m, according to The Irish Times. It was previously brought to market by Savills Ireland in 2021 for more than €80m. The proposed entertainment venue is expected to host a venue larger than the 3Arena, though detailed plans have yet to be finalised. Live Nation formed a new company in Ireland called Live Nation Brickyards Limited, with €35.4m put into the company by investors to date. Gaiety Investments is led by Irish concert promoter Denis Desmond and his wife Caroline Downey, while Oak View Group is a US entertainment company headquartered in Colorado. The Business Post, 25th June
Warrenpoint, Co. Down The seafront Whistledown Hotel has come to the market and CBRE Hotels is guiding in excess of £2.5m (approx. €2.9m) for it. Overlooking Carlingford Lough and framed by the Mourne Mountains, the hotel extends to approx. 18,775 sq. ft. and 21 boutique bedrooms. Full planning permission has also been secured for a sea-facing garden terrace, while additional expansion opportunities include enhanced meeting and event facilities. The sale also includes a vacant, ground floor retail unit located across the street from the hotel which offers potential for redevelopment into a commercial retail space, including a coffee shop. The Irish Independent, 25th June
Church Street, Dublin 7 Greystar closed the acquisition of a 216-bed PBSA property on Church Street from Valeo Groupe Europe. It is believed the property sold for approx. €37m. The deal is Greystar’s third major investment in the Irish student sector. It bought Point Campus in Dublin in 2024 and two blocks in Dublin and Galway last year. The four properties now add up to 1,906 student beds under Greystar’s student-focused ‘Canvas’ brand which operates in seven countries. Greystar owns close to 900 additional rental apartments across Dublin, including Griffith Woods, Brickfield Square and Monkstown. Earlier this year, Greystar is understood to have agreed a deal to sell one of its Dublin blocks, Quayside Quarter, which accommodates 268 apartments, for around €180m. The Irish Independent, 25th June
Phibsborough, Dublin 7 DCC has given the green light to plans for the refurbishment and extension of Phibsborough Tower and its change of use to become a nine-storey 150-bedroom hotel. The development by Stormborn Capital Acquisition Three Limited also includes a PBSA block over five to nine storeys, providing 411 bedspaces. The overall scheme involves the regeneration of Phibsborough Shopping Centre and No’s 345-349 North Circular Road, and adjacent lands. The council concluded that “the enhanced mix-use redevelopment, along with the redeveloped Dalymount Stadium will also help serve the needs of the surrounding catchment, providing a range of retail, commercial, cultural, social and community functions that are easily accessible by foot, bicycle or public transport in line with the concept of the 15-minute city”. The proposed development comprises three blocks, the third of which will be a four-storey building incorporating residential and retail/restaurant uses. The council is requiring the developers to pay a combined €3.09m in planning contributions towards public infrastructure and the Luas Cross City Scheme. The Irish Times, 25th June
Tallaght, Dublin 24 Located on Greenhills Road, Greenhills Court comprises a purpose-built residential scheme of 15 apartments and two townhouses, all of which are let on a 20-year lease from June 2024 to an approved housing body (“AHB”). The investment is generating total annual rental income of €318,720 with Hooke & MacDonald guiding €6.25m (NIY 4.88%). The yield is based on a breakdown of €5.8m being paid for the investment’s 17 residential units and €450,000 being paid for its development site. The property comes for sale with full planning permission for the development of 10 additional apartments and a retail unit on an adjoining development site and above the existing basement car park. The leaseholder, Focus Housing Association CLG, is Ireland’s seventh-largest AHB and currently provides more than 1,200 affordable, sustainable homes for individuals and families, with a presence in 11 counties. The Irish Times, 24th June
Ballsbridge, Dublin 4 Cushman & Wakefield is guiding a price of €4.5m for the Lansdowne Collection, a portfolio of three properties. Number 14 Lansdowne Road and its two mews buildings, 91 and 92 Lansdowne Park, are being offered for sale with the benefit of vacant possession and are available to purchase individually or as a collection. Number 14 is a three-storey, semidetached property extending to 3,359 sq. ft and was most recently in use as office space. The building retains numerous of its period features. The property has a light-filled extension and ample off-street car parking. The house could revert to its original residential use, subject to planning permission. Located to the rear of number 14 and accessed off Northumberland Road, 91 & 92 Lansdowne Park comprise two self-contained, three-storey midterrace redbrick buildings which extend to 1,054 sq. ft each. Both properties have four bedrooms and four bathrooms, with rear gardens and one off street parking space each. The Irish Times, 24th June
Sandyford, Dublin 18 Lamb Doyle’s has moved a step closer to being replaced by new homes. Having traded from 1832 until recent years, the pub which sits on an elevated 0.97-acre site on Blackglen Road in the foothills of the Dublin Mountains, has been acquired by Bourke Builders for €1.6m. The price paid represents a discount of 41.8% on the €2.75m which had been sought by Oakmount when they first offered it to the market in 2024. The site’s sale ultimately saw JLL acting for receivers Interpath. While Oakmount had submitted a planning application to DLRCC in 2024 for the development of 14 three- and four-bedroom houses on the site, that proposal was subsequently withdrawn. The site is zoned Objective A under the current DLR County Development Plan 2022–2028. That objective supports residential development while protecting existing residential amenities. The Irish Times, 24th June
Schull, Co. Cork A development site with full planning permission for 57 homes in Schull has been launched to market with a price tag of €3.7m. Permission for the scheme was granted last year to Carmina Properties Ltd. The latest scheme is for a mix of housing types, including seven detached homes, 22 semi-detached units, 18 townhouses, and 10 duplex apartments, spread over a site of approximately 5.5 acres. The scheme was permitted on appeal with more than 50 conditions attached. The cost per stand, based on the €3.7m asking price, is €65,000. The Colla Road location is expected to be a significant selling point. The Examiner, 26th June
Military Road, Waterford Corrib Oil acquired the Motorpoint service station on Waterford’s Military Road. While the price paid in the off-market transaction has not been disclosed by the joint agents Cushman & Wakefield and Sherry FitzGerald Rohan, The Irish Times understands the property secured approx. €3.2m. The vendor, a private owner, had acquired the station, which sits on a 0.4-acre site, in the mid-1990s. The property had been trading until recently as a Maxol service station with a Daybreak convenience store but has been repositioned as a Circle K service station, Spar and Corrib Deli offering by its new owner. All Corrib Retail convenience stores are branded as Spar, while all its forecourts are branded as Circle K or Texaco, with instore partners including Insomnia, Apache Pizza, Subway and Zambrero. Corrib Oil also owns the franchise in Ireland for Wendy’s Restaurants, the first of which opened last year in Cork city, with the second due to open this month in Tullamore, Co Offaly. The Irish Times, 24th June
Various Billionaire fashion mogul Amancio Ortega’s Irish real estate portfolio is valued at €324m, new financial filings have shown. The owner of the clothing firm Inditex, which controls Zara, Bershka and Pull & Bear, has built up a large global property empire valued at close to €20bn. In the past three years Ortega’s family office Pontegadea has spent hundreds of millions of euro on Irish real estate to add to its worldwide collection. New financial filings for his Irish holding companies show they control a combined €324.5m of property. Last year these properties earned Pontegadea a combined €19.5m in revenue and after-tax profits of €5.8m. Ortega’s Pontegadea made its first move into the Irish real estate market in 2023 when it acquired the Opus 6 apartment block on Hanover Quay for €104m from Angelo Gordon and Carysfort Capital. In late 2023 his family office paid close to €225m for 1.2m sq. ft of logistics space at Baldonnell Business Park. Ortega’s latest Irish property deal came in June 2025 when he bought Ten Hanover Quay, a 68,286 sq. ft Dublin docklands office block, from Kennedy Wilson and Nama for close to €70m. The Irish Times, 24th June
Dublin Airport Maurice Regan, the founder of building firm JT Magen, is set to buy Gerry Gannon’s car park at Dublin airport in a deal to be signed next week. The New York-based construction tycoon has been partnered with Gannon on the site since 2024, when he provided €250m to buy Gannon’s loans out of Nama. The car park, which trades under Regan’s Park2Travel brand and is managed by Apcoa, turned a profit in its first nine months of trading and is expected it to do so again this year. The car park was at 100% capacity last June, July, August and September. The Sunday Times, 28th June
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Cook Street and Oliver Plunkett Street, Cork City Savills is seeking €5.2m for a block of eight city-centre properties at 2–7 Cook Street and 97–98 Oliver Plunkett Street. Extending to approximately 29,076 sq. ft, the portfolio comprises interconnected three and four-storey buildings ranging from 1,232 sq. ft to 6,794 sq. ft. All have commercial ground-floor units, while most upper floors are vacant. Three ground-floor tenants are in place: Central Shoe Store, Murphy’s Ice Cream and Wicked Vapes, generating current rental income of €87,000 per annum. Five properties are being sold with full vacant possession. Vacant possession is also available at No. 6 Cook Street. The portfolio is available in one or more lots. The Irish Examiner, 17th June
Middle Abbey Street, Dublin 1 A private investor has acquired 94-96 Middle Abbey Street for €3m (7% NIY). It’s understood that the investor also owns other buildings on the street. The property first came to the market for €3.75m in 2023 but failed to sell. It was launched for sale once more last October at a discounted price of €3.4m by Colliers. The property extends to a total area of 9,348 sq. ft with retail accommodation at ground floor and basement levels, six apartments on the upper floors and a first-floor office. The ground floor and basement are let to City Electrical Factors at an annual rent of €100,000. The upper floors are generating €140,832 from six apartments, comprising a mix of two and three-bedroom units. The first-floor office space, which extends to 1,143 sq. ft, is vacant. The Irish Times, 17th June
Baggot Street, Dublin 2 43/44 Baggot Street Lower, a 4,998 sq. ft premises that housed the Star Bar pub has been bought by Padraic O’Kane. O’Kane is the co-owner of Fire Steakhouse & Bar and Sole Seafood & Grill, and hopes to re-open the venue in August. The property was offered at a public auction at Buswells Hotel, on March 5, with a guide price of €1.95m. The Business Post understands the property did not go above the asking price. The bar, once known as Larry Murphy’s, was previously sold in 2021 to Press Up Group for €1.7m. The sale was handled by joint agents Colliers and John P Younge. The Business Post, 16th June
Liosban Business Park, Galway City Harvey is guiding €2.25m for an office investment property at Centrepoint, Liosban Business Park. The asking price has been reduced from €2.8m. It benefits from a strong covenant as it is let to Galway County Council which is paying a rent of €280,000 per annum and at its current sale price that would equate to a NIY of 9.09%. With a lease extending for 10 years from December 2024, its next rent review is due in December 2029. Extending to 16,881 sq. ft, it is located mainly on first floor level plus a section of ground and a mezzanine floor at Centrepoint, which is a mixed-use building. It also comes with 60 car-parking spaces. Located on Tuam Road, Liosban is situated within a short drive of the city centre. The Irish Independent, 18th June
Fitzwilliam Square, Dublin 2 A private investor has paid in excess of the asking price of €2.6m (5.84% NIY) for a four-storey over basement investment property on Fitzwilliam Square. The property came to the market last October, and according to agent BDM Property, the sale has just closed. The sale of the four-storey property also includes a three-bed rear mews, which comes with the benefit of two-three car parking spaces. 16 Fitzwilliam Square extends to 3,960 sq. ft and is let in its entirety on a new 20-year lease with a stepped annual rent of €125,000, increasing to €140,000 in year three. The mews, which extends 770 sq. ft, is let on a two-year licence at an annual rent of €27,000. The Irish Times, 17th June
Castletown Geoghegan, Co. Westmeath Middleton Park House in Castletown Geoghegan is guiding €1.5m which BidX1 will auction next Thursday. The guide price is a reduction on the €1.815m it was recorded as having sold for in 2023. At that time its asking price had included 19 acres whereas in the BidX1 auction next week it is described as standing on 17.3 acres. While it has functioned as a private home for most of its lifetime, it has for a time been a hotel and wedding venue and, with the hotel sector being one of the most active property sectors, it may have potential in returning to that usage. Extending to 35,000 sq. ft over its main house, Bell Tower Wing and Oratory Bedroom Wing, it contains 26 bedrooms, four reception rooms, ballroom, snooker room and library. It is being sold by Ardee Property Developments Ltd. The Irish Independent, 18th June
North Docklands, Dublin 1 Ronan Group has received planning permission from Dublin City Council (“DCC”) to develop a new 288-bed aparthotel development in Dublin’s North Docklands, which is to be operated by the Staycity Group. The group secured permission from the local authority for change of use for the site to an aparthotel, after it previously secured permission for an office block on the site. The 288-room, eight storey property will be located at Waterfront South Central at North Wall Quay and Mayor Street Upper, a 4.6 acre mixed-use scheme which is currently under development. Construction on the aparthotel is set to commence later this year and will bring the Wilde brand to Ireland for the first time. The Wilde Dublin is anticipated to open in 2029. The Business Post, 17th June
Dublin City DCC will increase the development levy applied to new hotels to €22.67 psf from July 1. The Irish Hotels Federation (“IHF”) said that for a development of around 215,278 sq. ft, that raises the charge from roughly €2.5m to €5m. Paul Gallagher, chief executive of the IHF, said the cost of delivering new hotel capacity is “already prohibitive” and that projects across the country are stalled as a result. Research by the IHF, published earlier this year, found that around 45% of hotel businesses with plans to add guestrooms have those projects on hold, with construction costs, access to finance, planning delays and slow utility connections all weighing on viability. Independent analysis prepared for the tourism sector this year and cited by the IHF points to a national shortfall of between 10,000 and 15,000 hotel bedrooms by 2031. The Business Post, 17th June
Galway City Centre Elkstone has announced the completion of a 345-bed student accommodation development in Galway City Centre, which is set to open to students in September. The development, named Queen Street Place, will be operated by the UK student apartment platform Mezzino, while Irish-based Monami Construction served as the main contractor of the development. The development is spread across eight storeys. Amenities for residents includes a gym and fitness studio, rooftop terraces, a cinema room, study rooms, lounge areas, bicycle storage and a 24-hour security. The Business Post, 22nd June
Cherrywood, Dublin 18 A mixed-use development opportunity at the heart of Cherrywood in south Dublin has been brought to market by joint selling agents Savills and CBRE, guiding €40m, on behalf of owners King Street Capital Management and Hines. The site extends to approximately 8.65 acres and is located within the Cherrywood Strategic Development Zone (SDZ). The SDZ is a 388-acre masterplanned urban district with a projected population of more than 35,000 residents on completion. The site could accommodate a mixed-use scheme comprising more than 600 apartments, according to a feasibility study by architects Henry J Lyons and Allford Hall Monaghan Morris. The development also has capacity to include around 3,229,173 sq. ft of retail, leisure and complementary uses, subject to planning permission. Infrastructure works already completed include excavation to basement level and preparation for a basement car park. The Business Post, 17th June
Foxrock, Dublin 18 Joint agents Knight Frank and Sherry Fitzgerald are guiding €3.25m for Goleen, 5 Brighton Road, Foxrock. Goleen, previously the Dutch ambassador’s residence, is a detached property, extending to about 4,585 sq. ft on a 1.1-acre site. The large site offers potential for a residential development, with the selling agents pointing to its zoning and scale, given that there is “strong precedent for high-quality schemes in the immediate vicinity”, most notably the O’Flynn Group’s recently completed neighbouring Beckett Wood development. Under the Dún Laoghaire Rathdown Development Plan 2022-2028, the site is zoned Objective A residential, under which the objective is to provide residential development and improve and protect the existing residential amenities. The Irish Times, 17th June
Nationwide The Land Development Agency (LDA) has acquired sites capable of delivering almost 2,000 homes so far in 2026 according to a Business Post analysis. The LDA says it now has an overall delivery pipeline of more than 25,000 homes across projects at various stages of design, planning and construction. Since launching its private acquisition programme in 2023, it has secured land with capacity for over 14,000 homes, including major sites in Finglas, Clongriffin, Swords, Baldoyle, Cherrywood, Tallaght and Dublin’s Naas Road. The LDA has also expanded through state land transfers, securing sites in Cork, Leopardstown and Limerick. Projects are progressing across Dublin, Cork and Limerick, with thousands of homes planned or under construction. The agency expects to become Ireland’s largest residential developer by 2028. The Business Post, 18th June
Kilternan, Dublin 18 A plan to develop 135 homes at the foothills of the Wicklow Mountains has been appealed to An Coimisiún Pleanála after it was refused by Dún Laoghaire-Rathdown County Council (“DLRCC”). In December 2025, Durkan Glenamuck Developments Limited lodged plans for a large-scale residential development (LRD) on a 8.08-acre site at Glenamuck North. The scheme comprises of 135 homes, including 65 houses and 70 duplex units ranging from two to four storeys in height. DLRCC said it refused permission on the basis that the scheme failed to provide required vehicular, pedestrian and cycle links to adjoining lands at Glenamuck Manor to the south, according to planning documents. In its appeal, lodged last week through Thornton O’Connor Town Planning, the applicant disputed the council’s assessment. The Business Post, 18th June
Savills Resilient Cities Index According to the Savills Resilient Cities Index, Dublin scores highly thanks to its economic and population fundamentals: skilled workforce; tech sector strength; liquid real estate markets and good ESG standings. The index measures cities that successfully balance economic goals with social and environmental objectives in ways that attract investors, developers and, critically, the individuals and businesses whose location preferences drive demand. Successful, resilient cities are deemed to be those that focus not just on roads and public transport networks, but also increasingly on social infrastructure such as public spaces and riverside regeneration projects. In the last survey, Dublin didn’t make the Top 20, but this year it is the single major European mover in the index, climbing up five places to number 16. London was 3, Paris was 7 and Berlin was 18. New York was number 1. The Irish Times, 17th June
Booterstown, Dublin 4 Capital Scene Unlimited has been denied permission to develop a 72-space car park by DCC. The proposed development comprised the demolition of the existing two-storey building on the site, Block two, Merrion House, currently vacant, and for the temporary provision of 47 car parking spaces in its place. The firm also sought temporary permission for the reconfiguration of the existing car park layout, resulting in a total of 72 car parking spaces on the site. DCC refused permission for the development, saying it would “give rise to increased commuting by private car,” and was therefore “contrary” to local planning policy. The development, the local council said, would set an “undesirable precedent for similar sites and uses in the city” and would be incompatible with local planning and sustainability policy of the area. The Business Post, 17th June
Drone Deliveries Drone aerial delivery operator Manna has announced it is ceasing delivery operations in Ireland to concentrate its growth on the US, UK and other international markets. The company said “the lack of a clear national framework has left the sector reliant on local planning processes and created uncertainty around the infrastructure required to support drone delivery at scale”. It said the US, UK, China and the UAE are “demonstrating rapid regulatory progress and strong commercial momentum”. The announcement comes after Manna’s plans for a drone aerial delivery hub in Dundrum, Dublin, were refused. DLRCC refused planning permission to Manna Drones Ltd for its planned hub on lands to the rear of Holy Cross Church in Dundrum. RTÉ.ie, 19th June
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New Origin Kvika Deal Under Origin Capital’s strategic relationship with Kvika banki hf, Origin Capital recently arranged a two year, €2.25m, interest only facility, secured on an office property in Dublin. If you have a funding request for €2m+, please contact Ross Metcalfe at rossmetcalfe@origincapital.ie Origin Capital, 9th June
Patrick Street, Cork City Colliers is guiding €2m for 71–72 St Patrick’s Street. The property comprises a three-storey mixed-use building extending to 6,037 sq. ft. The ground floor comprises about 2,123 sq. ft and is let to Boots Ireland at a passing rent of €155,000 a year (7.05 NIY). Boots has been in occupation since 1987 and has recently recommitted to the property by way of a new lease which is due to expire in June 2032, with no break options. Boots also own a two-storey building that sits immediately to the rear of 71-72 St Patrick’s Street, underscoring their commitment to the property. The upper floors of the property, which have independent access, are currently vacant and previously operated in restaurant use. The Irish Times, 10th June
Union Quay, Cork City Savills is guiding €2m for No. 6 Union Quay. The property is also available to let for an annual rent of €185,000. The building’s high-profile waterfront position, combined with own-door access “offers a flexible opportunity for a broad range of purchasers and occupiers”, according to Savills. American e-commerce company Zazzle bought the 11,539 sq. ft, two-storey premises for about €1.2m in 2013 from Guinness Ireland. Internally, the building comprises predominantly open-plan office space complemented by meeting rooms, canteen facilities, shower provision, and secure access throughout. Accommodation is over ground and first-floor levels and is presented in turnkey condition. The Irish Examiner, 10th June
Dundrum, Dublin 14 Colliers is guiding €2.5m for Paradigm House in Dundrum Office Park which is right beside Dundrum Luas station and just off the village’s main street. With a total floor area extending to approximately 8,000 sq. ft over four storeys, Paradigm House occupies an end-of-terrace position in an office complex whose occupiers include Dún Laoghaire Rathdown County Council. A purchaser will also benefit from 26 car-parking spaces. The building is fully fitted and provides a mix of open-plan and private office accommodation, a reception area and canteen with kitchen. The Irish Independent, 11th June
Leeson Street, Dublin 2 JLL is guiding €2m for 41 Leeson Street lower on the instructions of receivers at Interpath Advisory. Since taking over control of 41 Leeson Street Lower, Interpath has engaged Porter Privé to operate its serviced offices and currently four tenants occupy suites there with the other four suites being vacant. A purchaser has the prospect of acquiring vacant possession. The building extends to 3,960 sq. ft net over four storeys and a basement accommodating 74 desks plus one boardroom for 10-12 people. Amenities include CCTV, gas heating, terrace and garden, shower facilities, bike storage and it is fitted to Cat-A standard with reception, kitchen, and flexible rental rooms. The Irish Independent, 11th June
Nationwide Applegreen is to create up to 450 jobs as it opens Popeyes chicken restaurants at its roadside locations around the country. Applegreen will invest about €6m to open Popeyes outlets at a number of its Irish locations over the next four years. Its first Popeyes restaurant will open at its Midway, Junction 17 service station on the M7 at Portlaoise in Co Laois in the next few weeks. Popeyes UK and Ireland, recently opened its first Irish outlet in Blanchardstown in Dublin, with a second due to open in Liffey Valley Shopping Centre shortly. Applegreen has been working with Popeyes in the US since 2021. Popeyes operates approx. 5,400 restaurants in 50 countries worldwide, with annual sales of $8bn. RTÉ.ie, 11th June
Frederick Street South, Dublin 2 An appeal has been lodged in relation to a decision by Dublin City Council (DCC) to deny permission for a 19-bed hotel in Dublin City Centre. Dr Swee Han Quek is a hotel investor across Ireland, who is a director in the Mayrange Hospitality group which owns Castlemartyr, Tulfarris hotel and golf resort and the ring of Kerry golf club. In documents filed late last week, his company 24 South Frederick Street Propco Limited appealed a decision from DCC to deny permission for a 19-bed hotel at Trinity Town House on 24 and 25 Frederick Street South, just across from Trinity College. The proposed development would be linked to the Trinity Townhouse Hotel locations at number 12, 29 and 30 Frederick Street South in Dublin 2. The proposed development would comprise a 9,365 sq. ft hotel, a 527 sq. ft café and a 118 sq. ft art gallery. The Business Post, 15th June
Sandyford, Dublin 18 Joint agents Cushman & Wakefield and Browne Corrigan are guiding €3.65m for an aparthotel site with full planning permission for 122 units in Sandyford. The scheme was previously brought to market in 2025, with an asking price of €4.5m. The site, at Grafton House, is situated at Ballymoss Road. The current premises extends to about 11,648 sq. ft over two storeys and is laid out on a 0.55-acre site. The property had most recently been in use as a temporary Educate Together school but now comes with full vacant possession. Current permission, granted in 2026, is for 73 one-bed units and 49 two-beds. The rooms are 378 to 570 sq. ft in size, with the completed scheme extending to nine stories in height with a gross floor area of 79,911 sq. ft. The Irish Times, 10th June
Wicklow Town, Co. Wicklow Auctioneer O’Neill and Flanagan is guiding €4.16m (€20,000 per acre) for a 208-acre farm at Ballyguile More and Ballyguile Beg on the Wicklow coast just a few minutes from Wicklow town and the M11. The property has no residence or road frontage but comes with a small yard and has three access points from a local shared lane capable of taking a range of vehicles, farm machinery and articulated lorries. The farm will be sold in its entirety and is described by agent as not just as a big farm, but as the biggest field in Ireland. The continuous block of agricultural land is predominantly south-facing, gently elevated and set within well-defined boundaries. The ground is currently in tillage but is equally suitable for multiple agricultural uses. The farm also comes with significant development potential given that within 200m of the farm, at two sides, are lands that have been zoned ‘residential’. The Irish Independent, 11th June
Tinakilly, Co. Wicklow Development firm Ardale has sold a 28-acre site near Tinakilly, to Cairn Homes for more than its €22.5m guide price, according to market sources. The site has capacity for up to 400 homes. Ardale acquired the land as part of a 132-acre holding in 2015 and has already developed 350 homes on the wider site. The company faced planning challenges on the remaining land, eventually securing permission for 220 homes after a judicial review of an initial refusal. Further changes to planning guidelines have provided scope to boost density to 400 homes on site. The Irish Independent, 12th June
Coolock, Dublin 5 DCC has granted planning permission for 618 apartments at the former Chivers factory at Coolock despite concerns expressed by the parent company of Cadbury chocolate. The council granted a seven-year planning permission to London-based Platinum Lands Ltd for the Large Scale Residential Development plans for the site on Coolock Drive. The applicants had lodged plans for 621 units last November in four 10-storey blocks. Cadbury parent Mondelez Europe had raised a concern over rodent migration from the construction site to its chocolate production plant “of national significance”. At the Coolock plant, Cadbury produces some of its best known brands including Twirl, Flake, Boost and Dairy Milk. The council has ordered the applicants to adhere to a number of Environmental Health Section Division requirements in the grant of permission. The Irish Times, 11th June
The Hooke & MacDonald Residential Market Report 2026 Residential investment turnover reached €443m in Q1 2026 across all residential asset classes. The largest transaction was the sale of Newmarket Yards, Dublin 8, comprising 413 apartments, to BEO Ventures for €212m (4.87% NIY). Separately, IRES REIT agreed the forward purchase of a 77-unit apartment scheme in Naas, Co. Kildare for €31.75m (5.2% NIY). The report also notes that a significant portion of the Government’s new rent regulation framework took effect on 1 March 2026. Rules included rent increases for existing stock will be capped at the level of inflation (CPI) rather that the current linkage to the HICP (Harmonised Index of Consumer Prices), but to a maximum of 2% for existing tenancies. For new apartments which commenced construction in June 2025, rent increases will be linked to CPI with no 2% cap. Three major private rental sector assets launched in Q1: Cualanor, Dun Laoghaire (€200m /4.4% NIY), Two Three North, Clongriffin (€117.5m / 4.79% NIY), and Alto Vetro, Grand Canal Dock (€18m/4.75% NIY). Hooke & MacDonald Release, 11th June
Home Completions Home completions are expected to rise by 11% to 40,000 this year, but getting started on new builds has been slowed by the war in the Middle East, according to Goodbody Stockbrokers. Data published by the Central Statistics Office on Wednesday showed a fall of 1% in the total number of homes approved for planning permission in the first quarter compared with last year, down to 8,092 units. Houses accounted for 61% of those, while apartments made up the rest. The number of apartments granted planning permission fell by 2.7%, while the total number of house approvals remained static. There was an annual fall of 34% in the total number of homes approved in Dublin to 1,452 units. Of these, the number of apartments approved was down 31.6% to 1,064, while the number of houses approved decreased by 39.7% to 388. The Irish Times, 11th June
Bray, Co. Wicklow A decision on the future of a major housing development in Bray has been delayed, while a separate housing scheme on adjoining lands has now been granted planning permission. An Coimisiún Pleanála had been expected to rule by June on an appeal against Wicklow County Council’s approval of phase two of Ballymore’s Sea Gardens development, which involves 293 homes. However, correspondence issued on June 2nd confirmed that a decision has not been reached within the expected timeframe due to the complexity of the case and will now be made “as soon as practicable”. That appeal, which was lodged last year by a number of local residents and groups, centres on a number of concerns about flooding, traffic, wildlife impacts and infrastructure. Meanwhile, in a related but separate case, the planning body has now signed off on Ballymore’s 159-home development on adjoining lands at the former Bray Golf Club, which also form part of the wider Sea Gardens masterplan. The Irish Independent, 12th June
Adamstown, West Dublin Tuath Housing and Evara are set to deliver 355 new homes in Adamstown. Construction is underway at the Aderrig development, with the first homes due for completion in 2027 and the remainder to be delivered in 2028. The homes, to be owned and managed by Tuath, are being developed on a 5.34-acre site within the Adamstown Strategic Development Zone. The project will be made up of seven studio apartments, 164 one-bedroom units and 184 two-bedroom apartments. Tuath is funding the development through staged payments using a combination of finance from the Department of Housing, the Housing Agency and the Housing Finance Agency. Backed by US real estate firm TPG, Evara has delivered more than 3,500 homes and has set a target of ramping up its delivery to 1,500 per annum. Tuath is currently managing more than 17,500 homes nationally. The Business Post, 11th June
Nationwide MySolar, which installs solar panels for houses, schools and businesses for a monthly fee and no upfront capital cost, has secured a finance deal with a large German investment fund. Prime Capital, a Frankfurt-based investment manager with €4.2bn of assets under management, has agreed a seven-year financing deal with MySolar, headed by the businessman Ian McKenna. It sourced Prime Capital through the debt adviser LeBruin. McKenna said it would allow MySolar, which to date has completed 3,000 installations, increase its operations significantly here in Ireland. MySolar acquires the hardware, so there is no upfront cost to the customers. Ownership of the panels reverts to the customers usually after five years for commercial customers and ten for residential. Fees can be as low as €29.50 a month. The Sunday Times, 14th June
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New Origin Kvika Deal Under Origin Capital’s strategic relationship with Kvika banki hf, Origin Capital recently arranged a two year, €2.25m, interest only facility, secured on an office property in Dublin. If you have a funding request for €2m+, please contact Ross Metcalfe at rossmetcalfe@origincapital.ie Origin Capital, 9th June
Carlow Town, Carlow CBRE is guiding €7.5m for the four-star, Seven Oaks Hotel. Located in the heart of Carlow town, the Seven Oaks Hotel and Leisure Club is a well-established 89-bedroom venue with a full range of facilities catering to guests and locals alike. The hotel’s food and beverages are served in TD Molloy’s Restaurant and the Oaks Bar, while its conference and banqueting facilities can accommodate up to 500 delegates, a capacity matched by few hotels in the region. The hotel’s recently reopened leisure club features a 20m swimming pool, a steam room, sauna, jacuzzi and gym. Positioned just off the M9 motorway and in the heart of Ireland’s Ancient East, the hotel is accessible from Dublin in just over an hour, is a 30-minute drive from Kilkenny and two hours from Cork. The Irish Times, 3rd June
Castletownbere, Co. Cork Local agent Charles McCarthy is quoting €3.5m for the Berehaven Holiday Complex, near Castletownbere. Located at Waterfall on the Beara Peninsula, this four-star holiday complex comprises 16 self-catering houses, 10 detached pods and a separate fully licensed bar/restaurant/function room. Its 10-acre property also accommodates service units including an office and laundry. Most of the self-catering houses accommodate three-bedrooms and one of them is a one-bedroom unit. The bar/function room which was recently redecorated has capacity to cater for 120 people. Each of the 10 detached pods can sleep four people and come with a shower/WC and basic kitchen facilities. The property has its own private pier, beach and helicopter pad. The Irish Independent, 4th June
Gardiner Street, Dublin 1 Colliers is guiding €2.975m for the former Paddy’s Palace Hostel located at the junction of Beresford Place and Lower Gardiner Street. The property comprises two interconnected period buildings extending to approximately 9,214 sq. ft and are arranged over basement and four upper floors. The buildings retain many original features and are designated as Protected Structures. It is currently configured as a hostel with significant capacity and offering substantial potential for repositioning or redevelopment (subject to planning permission). Internally, the property is currently operated as a hostel providing 22 guest rooms with total capacity of 108 bed spaces. The existing layout offers a mix of private and dormitory-style accommodation, alongside associated communal areas and facilities. The property is offered with vacant possession and is held under a combination of freehold and long leasehold title. Colliers Release, 3rd June
Sandyford, Dublin 18 The Hive, a fully refurbished office building in the Sandyford Business District which is home to Woodies-owner Grafton Group, has been sold for €23.25m (7% NIY), the Business Post understands. The property has been sold by HWBC as sole agents on behalf of Grant Thornton, acting as receiver for Bain Capital, to a private Irish buyer, which was not disclosed. As well as Grafton Group, occupants of The Hive include Cubic Telecom, NTR, Keyword studios and BMC. In 2022, the 73,033 sq. ft office building, which is laid out across four floors, was brought to the market guiding €34.4m. In July 2025 it was put up for sale again guiding €24.2m. The office building generates annual rental income of €1.95m, with a WAULT of 8.2 years to expiry. The Business Post, 5th June
North Wall Quay, Dublin 1 Ronan Group Real Estate (RGRE) has won planning permission from Dublin City Council (“DCC”) to partially demolish and rebuild the headquarters of Citibank on the north quays. The current six-storey building at 1 North Wall Quay will roughly double in height, as the permission allows one of four new blocks to rise to 12 storeys. The original building was completed in 2000, as a new headquarters for what was then Citibank. RGRE bought it three years ago in a deal reportedly worth €140m. Its original redevelopment proposal was for a 17-storey scheme, which was refused by DCC, a decision upheld by An Coimisiún Pleanála. A revised design, submitted last December, reduced both the bulk and the height. A 10-year planning permission has now been granted for the redevelopment on the 2.17-acre site, with the new blocks going from seven to 12 storeys, and the existing facades to be removed. As well as office accommodation, the new building will have a 7,104 sq. ft community space. The Irish Independent, 8th June
Balbriggan, Co. Dublin Harvey is guiding €4.5m (6.5% NIY) for KVS Business Park. The park comprises 13 industrial and warehouse units and the combined floor areas of its 13 units extend to 36,110 sq. ft. They are split between two modern blocks set in a gated development. The scheme is fully let to eight tenants and is producing rental income of €319,700. 43% of this income comes from An Post who operate a delivery centre from units 3-6. Three of the units have outstanding rent reviews which will allow the new owner to see an immediate rental uplift. Unit sizes range from 1,687-5,020 sq. ft, except for the An Post facility which measures 14,664 sq. ft. The Irish Independent, 4th June
Ballycoolin, Dublin 11 Harvey is guiding €895,000 for Unit 6C Rosemount Business Park, Ballycoolin Road. The property is a modern light industrial/warehouse unit extending to 5,436 sq. ft which is being sold with the benefit of vacant possession. Of steel frame construction, it is finished to a high standard with a clear internal height of seven metres. Loading access is provided to the rear of the facility by way of one level access door. The well-appointed two-storey office and staff facilities are situated to the front of the property. A large loading yard, with a depth of 27 metres, is located to the rear of the property, with five designated car spaces provided to the front. The Irish Independent, 4th June
Rathcoole, Co. Dublin Joint agents Harvey and CBRE are offering two industrial units for rent at Units B6 & B13 Aerodrome Business Park in south-west Dublin. Their landlord, Kennedy Wilson, has substantially refurbished the pair. Located in a terrace, the two units extend to 7,158 sq. ft and are available under new long-term leases. The quoting annual rents are €68,500 for Unit B6 and €65,000 for Unit B13. Key features of the refurbished units include eight metre clear internal height, one automated level access door per unit, upgraded LED lighting to the warehouse, modern WC and staff facilities, new kitchenette, freshly decorated office accommodation including new floor covering and air-conditioned offices. Aerodrome Business Park is situated only 550m from the Naas Road (N7). The Irish Independent, 4th June
Nationwide Dublin’s logistics and industrial buildings are becoming taller as occupiers seek to maximise storage capacity and improve operational efficiency, according to new research from Knight Frank Ireland. A study by the firm predicted that average warehouse clear heights in Dublin will hit 14 metres this year, an increase from 12 metres in 2018. This trend is more evident in larger units. For schemes completed in 2025 and currently under construction in Dublin, average clear heights range from 9.1 metres for units below 10,764 sq. ft, to 14.4 metres for units above 107,639 sq. ft. Knight Frank says height is becoming a much more important consideration from both an occupier and investor perspective. Taller warehouses allow occupiers to increase pallet capacity, improve operational efficiency and support greater levels of automation, while also “maximising increasingly scarce industrial land”. The Business Post, 3rd June
Herbert Street, Dublin 2 Agent Avison Young is guiding €1.5m for number 18 Herbert Street in Dublin’s south city centre. Located within the city’s Georgian core, the subject property comprises a mid-terrace, four-storey over-basement redbrick building with an interconnected two-storey mews to the rear, fronting on to Herbert Lane. The property is positioned between Lower Baggot Street and Upper Mount Street. Number 18 extends to a gross internal area of approximately 5,770 sq. ft, and comprises net office space of 3,452 sq. ft. The building features a modernised, self-contained 840 sq. ft two-bedroom apartment at third-floor level. The property retains many of its original Georgian features. The property is primarily vacant, with the basement and first-floor return occupied under a short-term licence agreement which expires in July. The Irish Times, 27th May
Galway City A receiver has been appointed to a student accommodation development in Galway city. Sancus Lending has appointed Myles Kirby of restructuring firm Kroll as receiver over the assets of Wallbury, the company behind the scheme. The development, located on Moneenageisha Road near the Wellpark Retail Park and the G Hotel, comprises 14 apartments. Originally bought for use as a traditional apartment complex, the development will now be put up for sale. The Business Post, 7th June
Rathmines, Dublin 6 A fully-let apartment scheme in Rathmines, The Pavilion View portfolio, is being offered to the market by BNP Paribas Real Estate guiding €8.5m (NIY 4.91%). Located above the Lidl store on Lower Rathmines Road, Pavilion View comprises 24 apartments consisting of a mix of one-, two- and three-bedroom units, including a three-bedroom penthouse. The entire scheme is let to Real Estate Property Partners on a 10-year lease from 2023 at €436,000 pa. The apartments are fully occupied under standard residential tenancy agreements, and none of the existing residents are impacted by the sale. The Irish Times, 3rd June
Dublin Kennedy Wilson, a US-based investment company, and APG, a Dutch pension fund, have formed a €2bn residential joint venture to develop and manage over 3,400 private rented homes in Ireland. As part of the venture, Kennedy Wilson will acquire a minority equity interest in APG’s existing 1,100-unit Cherrywood portfolio in South Dublin. Kennedy Wilson will separately acquire a minority equity interest in, develop and deliver, approximately 2,300 new private rented sector units across the Player Wills, Bailey Gibson and Clonliffe sites. Each site holds full planning permission, with construction commencing immediately on over 700 units at the former Player Wills cigarette factory on the South Circular Road in Dublin 8. Construction on the remaining 1,500 units across the Bailey Gibson and Clonliffe schemes is expected to commence early 2027. Upon completion of the developments, Kennedy Wilson’s owned and managed Irish portfolio will extend to approximately 6,900 residential units. The Business Post, 4th June
Nationwide British private equity firm Matter Real Estate has appointed KPMG to examine a potential sale of Dwellings Developments, its Irish housebuilding business. Founded in 2019 as a joint venture between Matter and a group of Irish entrepreneurs led by former McInerney Holdings executive Barry O’Connor, Dwellings focuses on residential developments in regional growth centres, particularly Limerick, Cork and the greater Dublin area. The company is understood to sell around 150 homes annually, with an average selling price of €400,000, targeting first-time buyers, families and approved housing bodies. It holds planning permission for more than 700 homes across a substantial land bank. Dwellings own development sites across Limerick, Cork, Wicklow, Meath and Kildare. The Business Post, 7th June
Various Locations, Cork Seven former dispensaries and health centres owned by the HSE and valued at just under €900,000 will come up for auction later this month. All are based in Cork and include a 2,207 sq. ft, three-storey, end-of-terrace property at No 4 Carriglee, Western Rd, with an AMV of €300,000; a two-storey, 1,012 sq. ft end-of-terrace former dispensary at The Parade in Ballydehob, (€75,000 AMV); Cobh former health centre at 2-3 Canon O’Leary Place (1,378 sq. ft, AMV €120,000); a former dispensary on Main St, Dunmanway (1,625 sq. ft, AMV €110,000); a former health centre on William O’Brien St, Mallow (4,284 sq. ft, AMV €70,000); a former health centre on Beach Rd, Passage West (1,948 sq. ft, AMV €150,000) and a former dispensary in Rathduff (721 sq. ft , AMV €40,000). The properties will be sold individually by auction in June, overseen by Donnellan & Joyce Auctioneers. The Irish Examiner, 4th June
Sandyford, Dublin 18 French real estate investment firm Wemo One has acquired two laboratory facilities in Sandyford Business District for a total of €8m. Both properties are leased to Eurofins, the French laboratory services and analytical testing firm. The acquisition marks Wemo One’s second investment in the Irish market, where it now has three properties as part of its portfolio. The total leasable area of the two properties totals more than 24,542 sq. ft, with a yield of 7%. The group has 35 assets spread across Europe between Spain, Italy and France. HWBC advised Wemo One on the acquisitions, while the properties were sold by M7 Real Estate, which was advised by Lisney. The latest acquisition comes shortly after the group paid €3.6m for a 22,927 sq. ft facility in Cookstown industrial estate in Tallaght, which is currently leased to Prodieco. The Business Post, 6th June
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Henry Street, Dublin 1 UK retail property company Hammerson is set to take full ownership of Dublin’s Ilac Centre after agreeing to buy co-owner Irish Life’s 50% stake. The Irish Times understands the deal will be submitted to the Consumer and Competition Protection Commission (CCPC) for approval. Hammerson acquired its original 50% stake in 2015 through the €1.85bn purchase of Project Jewel from NAMA. Sources expect Hammerson to pay at least €45m for Irish Life’s share, implying a valuation of about €90m for the centre. Opened in 1981, the Ilac Centre spans 500,000 sq ft, contains more than 80 retail units, and provides over 1,000 customer parking spaces. The Irish Times, 29th May
Cabra, Dublin 7 French investor Alderan has made its third investment in the Irish commercial property market, paying €7.15m (7.5% NIY) for the Maple Centre on the Navan Road in Cabra. The investment on behalf of its real estate fund SCPI Comète comprises a neighbourhood retail scheme with seven units across a total area of 27,500 sq. ft along with a surface car park. The tenant line-up includes McDonald’s, O’Brien’s Wines and the supermarket chain Polonez. The transaction follows its purchase last September of Blocks 1 and 2 at The Pavilion in Dún Laoghaire for €11.5m. That investment comprises a portfolio of 12 retail units let to a variety of tenants that include Eason, O’Briens, Casper & Giumbinis, and Eddie Rockets. Alderan entered the Irish market in July 2024 with a €10.75m deal for Grattan Business Park at Clonshaugh in Dublin 17. The Irish Times, 27th May
Grafton Street, Dublin 2 Victoria’s Secret has confirmed that it will close its flagship store on Grafton Street this summer and move to a new location. The 20,000 sq. ft retail space and storage at 28-29 Grafton Street is now surplus to its requirements. While it is understood that Victoria’s Secret had applied to its landlord on Grafton Street, Sretaw, to assign the remaining seven years of its lease to a new occupier, Sretaw is weighing the potential benefit of subletting the property instead. The Irish Times understands that Victoria’s Secret is looking at opening for business in a new and smaller unit next door to Swedish fashion retailer Arket’s store at nearby Grafton Place. The luxury beauty brand Space NK, meanwhile, is looking to take Victoria’s Secret’s place at numbers 28-29 and relocate from its current, smaller premises at 82 Grafton Street. The Irish Times, 27th May
Molesworth Street, Dublin 2 Commercial property giant Henderson Park has agreed a deal with German property investor MEAG for One Molesworth Street. While a transaction price was not disclosed the property was guided on the market by real estate agents JLL for €110m. The seven-storey building provides around 89,879 sq. ft of office and retail space on the corner of Dawson Street and Molesworth Street. The property generates close to €6m a year in rental income. Tenants of the building include Barclays, The Banking Payment Federation of Ireland and TD Securities. Retail accommodation on the ground floor includes occupiers such as The Ivy Group, Boots, Six by Nico, and Barry’s Bootcamp. The Business Post, 28th May
Cork Street, Dublin 8 CBRE is guiding €14m (8.3% NIY) for the Guild Building on Cork Street. The 38,746 sq. ft grade A office building also has 45 secure car-parking spaces at basement level. The building is fully let to the Office of Public Works on a 10-year lease commencing October 2024, at a passing rent of approximately €1,278,462 a year (€30 psf), with an open-market rent review due in October 2029. The building is arranged over seven floors over basement, with the largest floor plates on the second and third floors at 7,387 sq. ft each. The fourth, fifth and penthouse sixth floors all have private terraces, providing breakout space and views across Dublin city centre. There is a reception area at ground-floor level and two passenger lifts serve the building. The Irish Times, 27th May
Dublin 9 & Dublin 5 An Post is selling two north Dublin warehouses with residential development potential. TWM is guiding €2.1m for the pair and is also open to offers for individual sales. The properties are located in Griffith Avenue, Dublin 9 and Harmonstown, Dublin 5. Both premises are currently used as An Post local delivery depots and the vendor will remain in situ in both locations for a period of 12-18 months post-sale which would benefit prospective purchasers who may wish to undertake a redesign or planning application. An Post is willing to pay a nominal rent for the period that it remains on site. 263 Griffith Avenue comprises a purpose-built single-storey sorting office building which extends to 9,167 sq. ft on a 0.47-acre site. Brookwood Grove, Harmonstown is a 5,382 sq. ft purpose-built, single-storey, light industrial building is set on a 0.19-acre site. The Irish Independent, 28th May
Swords, Co. Dublin GIC, a Singaporean sovereign wealth fund, has closed a deal to buy the Horizon Logistics Park in Dublin from the US fund Henderson Park for about €500m. The transaction, the highest price paid for an industrial logistics park in Ireland, was referred to the CCPC on Friday. The park consists of 25 buildings set within 400 acres of zoned industrial land close to Dublin airport and is one of the largest logistics campuses in the country. The sale includes a further 264 acres with development potential. Henderson Park took over Horizon as part of its acquisition of the office-led Green Reit in 2019 for €1.34bn. Since then, it is understood that Henderson Park has almost tripled the size of the estate, buying several plots of adjacent land. It has 1.8m sq. ft of warehouse space with planning consent for an additional 559,723 sq. ft. Based on its existing land bank, the park has the potential to add an extra 4.5m sq. ft of logistics space. The Times, 31st May
Dame Court, Dublin 2 CBRE’s hotel division is seeking to secure an occupier for 13-14 Dame Court guiding annual rent of €200,000. The 6,541 sq. ft property, a five-storey over-basement Victorian redbrick, will be better known as the former premises of the Odessa Club. The building is currently in shell condition following significant structural works and presents what the letting agent describes as “a blank canvas” for a new occupier to complete the fit-out. The building’s previous tenant received planning permission from Dublin City Council in 2019 for the conversion of the upper floors into a 14-bedroom boutique hotel, with the 100-cover capacity ground floor restaurant and rooftop terrace at the fourth floor level retained. That plan was delayed and ultimately abandoned following the onset in early 2020 of the Covid-19 pandemic. The Irish Times, 27th May
Lombard Street & Townsend Street, Dublin 2 Having secured planning permission from Dublin City Council in February, developers Charles and Max O’Reilly Hyland are to proceed with the construction of a 97-bedroom hostel on the site at 19-20 Lombard Street and 112-114 Townsend Street. The Hylands’ acquisition of the site, which was subject to their receipt of planning permission, is understood to have been completed last week. The property was first offered to the market by agent JLL at a guide price of €5.5m in September 2023. The approved 97-bedroom hostel will comprise a part five-, six- and seven-storey, over basement-level building, with the guest rooms distributed over the first to sixth floors. The accommodation will be complemented by a reception area, cafe/bar and resident amenity space at ground-floor level along with bin and bike stores, a luggage store, kitchen, back-of-house area and staff facilities. The Irish Times, 27th May
Camden Street, Dublin 2 An Coimisiún Pleanála has granted permission to Balrath Investments Unlimited to turn 1-4 Camden Street Lower into a 463-bed tourist hostel. The building, which currently houses a gym and a Fresh supermarket, was put on the market through Lisney in May 2016 and again in May 2018, then guided at €4.3m through CBRE. Balrath plans to add two floors to bring the building to six floors, with a courtyard, retail options, and a cafe on the ground floor, as well as a communal space in the basement area. Prominently located at the corner of Camden Street Lower and Montague Street, the 1930s building is a protected structure and was originally built as a department store. The Currency, 26th May
Tramore, Co. Waterford Plans have been lodged to restore Tramore’s historic Grand Hotel and transform the long-vacant landmark into an aparthotel. The four-storey building, closed since 2014 and declared derelict in 2018, would undergo major refurbishment, including demolition of extensions, structural repairs, façade upgrades, new windows and doors, roof works, and the addition of new accommodation areas. The proposal also includes reception, staff facilities, laundry and storage areas, landscaped public spaces, and 12 car parking spaces. Dating back to the 1790s, the Grand Hotel was once one of Ireland’s longest continuously operating hotels and played a key role in Tramore’s development as a Victorian seaside resort. A planning decision is expected in July. The Irish Independent, 1st June
Herbert Street, Dublin 2 Agent Avison Young is guiding €1.5m for number 18 Herbert Street in Dublin’s south city centre. Located within the city’s Georgian core, the subject property comprises a mid-terrace, four-storey over-basement redbrick building with an interconnected two-storey mews to the rear, fronting on to Herbert Lane. The property is positioned between Lower Baggot Street and Upper Mount Street. Number 18 extends to a gross internal area of approximately 5,770 sq. ft, and comprises net office space of 3,452 sq. ft. The building features a modernised, self-contained 840 sq. ft two-bedroom apartment at third-floor level. The property retains many of its original Georgian features. The property is primarily vacant, with the basement and first-floor return occupied under a short-term licence agreement which expires in July. The Irish Times, 27th May
Kinsale, Co. Cork Cushman and Wakefield is guiding €3.25m for a 2.72-acre development site with full planning permission for 18 luxury homes in Kinsale. The site, located, off Catholic Walk, a predominantly residential area close to the town centre and with harbour views, has permission for a mix of units including five four-bed detached homes (2,828 sq. ft); eight three-bed semi-detached units (1,968 sq. ft); three two-bed apartments (900 sq. ft to 1,528 sq. ft) and two one-bed apartments (573 sq. ft). The subject site includes an existing six-bed dwelling, with demolition permitted under the recent planning grant. The Irish Examiner, 28th May
Milltown, Dublin 6 Plans by property developer Ardstone to develop a €350m, 556-unit apartment project in south Dublin have been stalled after fresh appeals from local residents. Ardstone has sought to develop the site for almost seven years, having paid €65m for the Jesuit Order’s former Milltown Park campus. In mid-April, Dublin City Council granted permission for the proposed scheme. However, in documents filed with ACP last week, these plans were appealed by Cherryfield Avenue residents’ association and Norwood Park residents’ association. The 556 apartment units in the revised scheme would consist of 267 two-bed apartments, 176 one-beds, 70 studio apartments and 43 three-bed apartments. These would be spread out across seven apartment blocks, ranging in height from between three to eight storeys. The Business Post, 27th May
Finglas, Dublin 11 The Land Development Agency (LDA) has acquired a 9.6-acre site in Jamestown Industrial Estate in Finglas, with the potential to deliver around 600 homes. The site is located near the N2 and M50 motorways, directly opposite the planned Finglas Green Luas extension Subject to planning permission, the location has the potential to deliver around 600 new homes alongside associated commercial uses and community facilities. The LDA added that development is expected to be residential led and forms part of a wider plan that could ultimately accommodate up to 3,500 homes in the Jamestown area. The purchase was made under the LDA’s private site acquisition initiative, which was launched in August 2023 and targets well located land with strong housing potential. To date, the agency has purchased nine privately-owned land banks. The Business Post, 27th May
Ballyboughal, North Dublin Skidoo Farm, a 237-acre tillage and livestock farm located 22km from Dublin city centre between Swords and Ashbourne, and the five-bedroom Skidoo House have been launched for sale by Savills guiding €7m. The Ballyboughal farmland and house are guiding €6.625m and the two-bedroom Skidoo Lodge is available separately for €375,000. The 7,357 sq. ft Skidoo House, complete with recently-refurbished roof, windows, plumbing and electrics, contains a newly-extended open-plan kitchen, dining room and sitting room. The farm includes a 35-box stable courtyard suitable for both private and commercial equestrian operations, while the main farmyard offered a range of modern agricultural buildings, including a former dairy unit. The farmland, currently grass but suited to arable cropping, includes around 1.5km of road frontage and an “excellent network” of internal tracks. The two-bedroom Skidoo Lodge provided a further residential unit with potential as staff, guest or rental accommodation. The Business Post, 26th May
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Longford Town TWM is guiding €3m for Longford Town Centre. Located on the site of a former meat processing facility which had been owned and operated by ABP Food Group, the ambitious Celtic Tiger-era shopping centre, which extends to 253,680 sq. ft with 344 car-parking spaces over three levels, has lain entirely vacant since its completion. The centre was acquired in 2018 by its current owners, the Omniplex Cinema Group, who operate the neighbouring multiplex cinema, from receivers acting on behalf of NAMA for about €1m. It is positioned on a 1.8-acre plot on the banks of the Camlin river in the centre of the town. The Irish Times, 20th May
Henry Street, Dublin 1 Carrolls Irish Gifts have acquired their premises at No 44 Henry Street. Having occupied the property under a single 35-year full repairing and insuring lease since April 1995, the company has secured ownership of the property for €4.15m. The figure represents a slight premium on the €4m price that had been guided by Colliers when it put the building up for sale in January. Carrolls Irish Gifts had been paying a rent of €362,000 a year before its acquisition of the property, and its lease, which had been due to expire in April 2030, was subject to upward-only rent reviews. Number 44 Henry Street extends to a net internal area of 4,263 sq. ft in total and comes with independent access to the upper floors from O’Connell Street. The Irish Times, 20th May
Drogheda, Co. Louth Boots has agreed terms for a new 12,400 sq. ft store at Scotch Hall Shopping Centre. The new store will combine three ground-floor mall units with additional basement accommodation. The announcement follows the recent opening of a six-screen cinema by Omniplex Cinemas at the centre. Scotch Hall was developed in the early 2000s by Gerry Barrett and acquired by Omniplex for about €21m in 2023. The landlord is also seeking planning permission from Louth County Council for the nearby South Bank development, which would include 172 apartments across five blocks and a 107-bedroom hotel. The Irish Times, 20th May
Swords, Co. Dublin Lisney is guiding €2.35m for Forty Four, a small hotel on Swords Main Street. The Forty Four used to be known as the Hawthorn Hotel and it once had 17 bedrooms. As part of a €350,000 refurbishment to convert it into a boutique-style hotel, the number of bedrooms was reduced to 14. A two-storey and part three-storey mid-terrace building, it extends to 7,998 sq. ft, of which the ground floor, with its bar, lounge and kitchen, accounts for 3,735 sq. ft. Its upper floors extend to 4,263 sq. ft. Its food and beverage trade will also benefit from the strong local demographics of Swords, while demand for its accommodation will benefit from travellers availing of its proximity to Dublin Airport. The Irish Independent, 21st May
Dunshaughlin, Co. Meath Lisney is guiding €1.7m for Peter’s pub. Standing on 0.38 acres, the detached premises is much larger than it seems from the front and it extends to 7,212 sq. ft. At ground-floor level, the lounge bar areas are complemented by a well-appointed rear beer garden. Its first floor used to accommodate a nightclub, with separate access from the right of the pub, but in recent years this has been converted to a function room with its own kitchen. Lisney says the first-floor function room also offers potential for a change of use to guest accommodation, subject to the necessary planning permissions. It also benefits from a small car park to the rear which has side access. The Irish Independent, 21st May
Ballsbridge, Dublin 4 Having paid just under €15m in 2022 for two 1980s office blocks known collectively as the Nutley Building on Merrion Road, M7 Real Estate has instructed Lisney to find a buyer for one of them. Better known as the AIG building by virtue of being occupied historically by the global insurer, Block B is being offered to the market with full vacant possession at a guide price of €6.25m. The vendor, M7 Real Estate, is retaining ownership of the neighbouring building having secured full occupancy at the 26,147 sq. ft property following the letting of 4,160 sq. ft of office space to St Vincent’s University Hospital in 2023. Located near the junction of Merrion Road and Nutley Lane, almost immediately adjacent to St Vincent’s University Hospital campus, Block B comprises 16,840 sq. ft of office space distributed across five floors. The Irish Times, 20th May
Maynooth, Co. Kildare A private Irish investor has bought the office building located at Unit K8, Maynooth Business Campus which was listed with a guide price of €4m. Sherry FitzGerald Brady O’Flaherty confirmed the sale of the property extending to approximately 17,298 sq. ft over two floors. The energy-efficient contemporary building was completely refurbished in 2022 and has 28 car parking spaces. The entire building is let to two blue-chip international companies with 10-year leases from Q3 2022 and is subject to a current combined rent of approximately €356,000. The Business Post, 21st May
Citywest, Dublin 24 The Sandymark Group is to deliver a new 98,57 sq. ft headquarters warehouse facility at Citywest Business Campus. The development at 2021 Bianconi Avenue is being offered for sale or alternatively to let in advance of its completion by joint agents Cushman & Wakefield and BNP Paribas Real Estate. The guide price is €25.63m, about €260 psf, while the quoting rent is €15 psf. The facility will comprise a highly sustainable LEED Gold-certified logistics headquarters upon completion. The warehouse will have a clear internal height of 13m and 13 dock levellers. The Sandymark Group has delivered more than 6m sq. ft of industrial space for Irish and international occupiers to date in the nearby area of Greenogue. The company also recently commenced construction of the first phase of a new large-scale logistics scheme at Mitchelstown in Cork. The Irish Times, 20th May
Galway City Cushman & Wakefield is guiding €4.5m (9.37% GIY) for Merchants Square on Dock Street/Merchant’s Road, a reduction on the €6.5m quoted for it when it previously came to the market in 2021. Since then, its rent roll has increased from €372,070 to €421,735 per annum. The property extends to 21,560 sq. ft over four floors, its office accommodation is located at ground, first, second and third floors with the fourth floor accommodating one two-bed and two one-bed apartments. Merchants Square currently generates €378,055 of its annual rent from three commercial tenants, Grant Thorton, Quidel and The Dean Clinic. Three residential units also generate combined rents of €43,680. Given that 2,228 sq. ft on a portion of the third floor is still unlet, it also has reversionary potential. It also offers further potential, as planning permission was granted in 2019 for the construction of an additional floor comprising four apartments, though that permission has since expired. The Irish Independent, 21st May
Frankfield, Cork BIG Property is guiding €2.85m for Ballycurreen House, in Ballycurreen, Frankfield. The mixed-use commercial asset consists of a two-storey building of approximately 20,000 sq. ft, arranged over five separate office suites, as well as a 7,700 sq. ft warehouse, all set on a generous site that could lend itself to further development. The property also benefits from around 110 car parking spaces. Three units are let to Joda, McLarens Chartered Loss Adjusters and Acorn Life generating a combined annual rent of €143,046. The three vacant units include a 1,507 sq. ft first floor office suite and a 3,500 sq. ft office on the ground floor. The third vacancy relates to the warehouse and yard. The complex is located just off the N27 Kinsale Rd (Airport Rd) and South Ring Rd, approximately 3.5 km south of Cork city. The Irish Examiner, 21st May
Drogheda, Co. Louth Bannon is guiding €5.75m for a 27.1-acre holding next to the M1 Retail Park in Drogheda. Located just 600m from junction 10 (Drogheda North) of the M1 motorway, the land has dual road frontage with profile on to both the N51 and R168. The land, which is in agricultural use currently, is zoned “E1 – general employment” under the Louth County Development Plan 2021-2027. Planning permission was granted in May 2025 for the development of a single high-bay warehouse unit extending to 34,950 sq. ft together with associated roads and related infrastructure on part of the overall site. The proposal also includes two separate access points on to the N51 and R168 respectively. The Irish Times, 20th May
Ballinteer, Dublin A residential development site in Ballinteer, with full planning permission for 31 apartments has been brought to the market. The 1.1-acre site on Ballinteer Road is being offered for sale through Lisney, with bids sought by 5pm on July 2. The property currently comprises an existing detached residence known as part of the original Ballinteer Lodge alongside extensions added during the 1970s. The site is zoned Objective A under the Dún Laoghaire-Rathdown County Development Plan 2022–2028, with the objective “to provide residential development and improve residential amenity while protecting existing residential amenities”. Full planning permission was granted in August 2024 for a scheme comprising 31 apartments across three separate blocks. The approved development includes 12 one-bedroom apartments and 19 two-bedroom units, alongside 32 car parking spaces, including 28 basement spaces and four surface spaces. The Business Post, 21st May
Development Land Market Ireland’s development land market recorded a strong start to 2026, with €197.7m transacting across 22 deals, according to the latest report from Savills Ireland. This represents a 55% increase in combined value while the number of deals is up 5% compared with the same period a year ago and the best first-quarter performance since 2019. Dublin City Council accounted for €90m of the Q1 figure with its purchase of the 3.6-acre Camden Yard site near Saint Patrick’s Cathedral. The mixed-use site could supply it with new offices extending to 407,300 sq. ft as well as 299 residential units. The second-largest deal was for an undeclared amount of residential land in Newbridge, Co Kildare. The third was for 31 acres of residential land in Ratoath, Co Meath, which sold for €26m and it has planning approval for 350 new homes. The Irish Independent, 22nd May
Cork Docklands A Bord na Móna site in Cork docklands with potential for 300 “affordable” homes has been transferred to the Land Development Agency (LDA) as residential development gathers pace in an area pivotal to the city’s future growth. The 5-acre Monahan Rd site, known locally as Suttons Coals, is situated between the recently proposed Docklands and Páirc Uí Chaoimh Luas stops and is directly across the road from the former Live at the Marquee venue, where the LDA is partnering with Glenveagh Properties Plc on the delivery of 337 apartments at Marina Depot. The planned development of the former coal yard will add to the LDA’s ongoing activity in Cork, where already close to 1,400 homes are either in planning or already under construction. The Irish Examiner, 20th May
Walkinstown, Dublin 12 Plans for 583 apartments in Walkinstown can proceed after An Coimisiún Pleanála (ACP) rejected an appeal from a nearby waste facility to block the development. KeyWaste Ltd, since renamed KeyGreen Ltd, which operates a 24-hour waste facility in Greenhills Industrial Estate next to the site, was concerned that complaints from future residents over noise and smells could see restrictions placed on its operations. Planning permission was originally granted to Steeplefield Ltd by South Dublin County Council for a large-scale residential development in December 2025. The site off Greenhills Road will accommodate 288 one-bed apartments, 238 two-bed apartments, and 57 three-bed apartments in four blocks ranging from five to 11 storeys in height. The development will also include space for a childcare facility and seven ground-floor commercial units. It will have car parking for 267 vehicles and 1,269 bicycles. The Irish Times, 25th May
Blackrock, Co. Dublin Plans for more than 230 apartments and 16 townhouses in Blackrock can proceed after ACP rejected an appeal from local residents to block the development. The decision comes following nearly eight years of various rejected applications for planning permission on the site. In 2024, ACP rejected planning permission for 355 build-to-rent apartments at the same location. The site is currently part of the original gardens associated with Chesterfield House, a protected structure. The particular area subject to development features mostly greenfield and several disused outhouses, which will be demolished. The site off Cross Avenue will accommodate 42 one-bed apartments, 137 two-bed units, and 56 three-bed apartments in two blocks ranging from five to eight storeys over basement in height. The site will additionally include 16 five-bed townhouses, each of them three storeys high. The Irish Times, 26th May
Newcastle, Co. Wicklow JLL is guiding €16.2m for Newcastle Aerodrome in Wicklow. Extending to 141 acres, the facility is in active use as a licensed airfield. Located 45km south of Dublin city centre, Newcastle Aerodrome is a coastal airfield with a 690m-long grass runway. The facility is operational all year round and has a range of supporting infrastructure, including hangars, offices, and operational buildings, all of which are in good condition. The site also includes a disused residential dwelling, presenting potential for refurbishment or repurposing. Newcastle Aerodrome is located within Class G airspace, allowing unrestricted flight operations without the need for clearance from air traffic control. The airfield is designated as a customs-approved entry and exit point for aircraft travelling to and from the UK. In addition, the aerodrome benefits from its own air traffic zone which, again, has no restriction on movement. The Irish Times, 20th May
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Clonshaugh Road, Dublin 17 CBRE is seeking offers in excess of €5.3m for a sale-and-leaseback retail investment in north Dublin. The property, which is occupied by homeware and DIY brand The Range, offers a buyer the opportunity to secure a NIY of 6.75% and at least 15 years of guaranteed rental income. Located on Clonshaugh Road, the investment, a 32,000 sq. ft store on a 2.5-acre site, is part of a wider portfolio comprising 10 stores distributed across England, Wales, Northern Ireland and the Republic of Ireland. The Range will provide a 15-year lease term with no break options and built-in growth with five-yearly CPI-linked rent reviews (1-3%). The Clonshaugh Road property is currently generating €392,220 in annual rental income, which equates to €12 psf. The Irish Times, 13th May
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Youghal, Co. Cork Clancy’s Bar & Restaurant, a well-known landmark in Youghal’s hospitality scene, has been launched to market with a guide price of €945,000 through Sherry FitzGerald Hennessy. Occupying a prime coastal spot by the scenic Front Strand and close to the eastern terminus of the 23km Midleton to Youghal Greenway, the 2,264 sq. ft property on 0.79 acres includes a ground-floor bar and restaurant with panoramic sea views, a lower ground-floor function room and commercial kitchen, and a large beer garden. The business has a strong food offering and can seat 160 customers in its restaurant, while the private function room can accommodate up to 110 guests. The Irish Examiner, 13th May
Lisdoonvarna, Co. Clare Two Clare hoteliers have made a significant expansion to their business with the acquiring of a 113-bedroom hotel on the Wild Atlantic Way. John Burke and Gerry Quin, the team behind the Fiddle and Bow collection, have recently added the well-known Hydro Hotel in Lisdoonvarna to their portfolios. John, who also owns the Armada Hotel and the Armada House, shared the news through social media. In July 2025, 171 Ukrainian refugees were relocated from the West Clare hotel as their contact with the State ended. The hotel had been listed for sale through Savills at €4.75m before it was purchased by the Fiddle and Bow collection. The Irish Independent, 18th May
Clonliffe Road, Dublin 3 Hotel group Dalata has opened its latest Maldron property, with the Maldron Hotel Croke Park officially opening its doors. The property is the company’s 21st hotel in Dublin, and expands the Maldron brand’s presence in Ireland. It brings to 27 the number of hotels operated by the brand in Ireland and the UK. The hotel is located directly opposite Croke Park Stadium at the junction of Clonliffe Road and Jones’ Road, and offers 200 guest rooms, four meeting rooms, a bar and a restaurant. Dalata’s development partners on the project were McAleer & Rushe, which also worked on the Croke Park Hotel for the GAA 20 years ago. The Irish Times, 14th May
Sandwith Street Upper, Dublin 2 Hoteliers Paul and Charles O’Callaghan have secured flexible workspace provider Iconic Offices as occupier for Sandwith Court. The building, which served for many years as the Dublin headquarters of KBC Bank before its exit from the Irish market, will now be operated by Iconic as a flexible workspace. Colliers negotiated the letting of the 65,000 sq. ft property to Iconic Offices on behalf of the landlord, Sandwith Property Unlimited Company. The O’Callaghans’ deal with Iconic Offices comes just four months after their boutique hotel group, The O’Callaghan Collection, paid €12.5m for Montague Court, a 1970s office building off Harcourt Street primed for redevelopment. The price paid represented a discount of about 9% on the €13.2m which had been guided for the property. The Irish Times, 13th May
Hatch Street, Dublin 2 Colliers is guiding €2.5m for numbers 24 and 25 Hatch Street, two interconnecting Georgian buildings. The subject properties are being offered to the market with full vacant possession. Extending to a total area of 5,750 sq. ft, they comprise two mid-terrace, three-storey over-basement buildings of 5,000 sq. ft, together with a two-storey mews of 750 sq. ft to the rear of number 25. The properties are being offered for sale with six parking spaces, accessed via Hatch Place. The self-contained rear mews provides additional flexibility and potential for a variety of uses. The buildings are zoned ‘Z8 – Georgian Conservation Area’ which allows for a range of potential uses, including office, residential, educational and medical (subject to planning permission). The Irish Times, 13th May
Baggot Street, Dublin 2 Project management and cost management consultancy GagaMuller is to establish its headquarters at 76 Baggot Street in Dublin after signing up to rent a full floor extending to 8,048 sq. ft. GagaMuller will employ 70 people at the Dublin office which is close to the Grand Canal. Its new office space can accommodate 80 desks, allowing for the firm’s expansion over the next 12 months as it extends its services to the European and US markets. Property agent JLL organised the Baggot St letting which related to a fully refurbished floor with new boardroom, three meeting rooms, breakout areas and upgraded IT infrastructure. Located within Dublin’s traditional central business district, 76 Baggot Street’s other tenants include Fitbit, Elkstone and BHSM. The Irish Independent, 14th May
Donnybrook, Dublin 4 Colliers has completed the sale of The Warehouse in Donnybrook for its full asking price of €2m following what the agent described as a highly competitive sales process driven largely by owner-occupier demand. The own-door office property attracted significant interest from businesses seeking a headquarters building in one of Dublin’s most established commercial and residential districts. The sale is also seen as a further indication that demand for character-led office buildings has remained resilient despite changing workplace patterns and evolving hybrid working arrangements. Colliers said the competitive bidding process demonstrated that occupiers continue to prioritise location, flexibility and immediate usability when acquiring commercial property in Dublin’s core suburban markets. The Business Post, 15th May
New Ross, Co. Wexford One of the final remaining industrial development opportunities within the Marshmeadows Industrial Hub has been brought to the market. Extending to about 7.68 acres, the brownfield site is being offered for sale by tender through PN O’Gorman, the guide price is available on application. Positioned close to the N25, the site sits less than 2km from New Ross town centre and approximately 2km from Stokestown Junction. The property is zoned for “Port-Related Activities and Logistics” under the current Draft Development Plan 2022-2028, making it suitable for a range of industrial, transport and logistics-related uses. Existing accommodation on site includes office space extending to approximately 1,507 sq. ft, alongside a 1,625 sq. ft garage and workshop building and a warehouse of some 1,432 sq. ft. The Business Post, 13th May
Ireland Industrial & Logistics Market Report Q1 2026 Industrial take-up reached 431,000 sq. ft. in Q1 2026, down from 586,000 sq. ft. in Q1 2025 but well above Q1 2024 levels of 160,000 sq. ft. Activity remains below the five-year Q1 average of 612,000 sq. ft. While occupier demand remains strong, macroeconomic uncertainty and rising costs are prompting more cautious leasing decisions and longer transaction timelines. The quarter’s largest deal saw Evri lease 92,500 sq. ft. at Airport Business Park, marking its entry into the Irish market. Activity was concentrated in Dublin North and the North-East, supported by large-scale deals, while Dublin South-West recorded lower activity. Increased speculative completions pushed vacancy to around 4%, signalling a shift in market conditions. Prime rents remained stable at €14.50 psf. Investment volumes reached €41m across four transactions, representing 9% of overall turnover. Colliers Ireland Industrial & Logistics Market Report Q1 2026, 14th May
Longmile Road, Dublin 12 Quantum Property is guiding €2.1m for a mixed use property located at 60A Longmile road. The property extends to 20,500 sq. ft over two floors. The first floor is fully let to two occupiers generating €150,000 pa (7.14% NIY) while the second floor extending to 11,000 sq. ft is vacant and offers significant asset management and reversionary potential. The property is situated on the south side of the Longmile road linking it directly to the Naas road and M50. Quantum Property Press Release 12th May
Clonee, Co Meath 4.25 acres, which are zoned for residential use, are being offered to the market by Knight Frank at a guide price of €3.25m. The subject property comprises greenfield lands and sits immediately adjacent to Holsteiner Park which is 2km from Clonee. The lands are zoned A1 Existing Residential under the Meath County Development Plan 2021-2027, the objective of which is “to protect and enhance the amenity and character of existing residential communities”. The Irish Times. 13th May
Cherrywood, Dublin 18 DLR Properties (DLRP) is seeking expressions of interest from developers for a holding of 13.3 acres in Cherrywood. The process for expressions of interest in the site known as Town Centre 3 is being handled by QRE on behalf of DLRP, which is a subsidiary of Dún Laoghaire-Rathdown County Council (“DLRCC”). It is being offered to the market with full planning permission in place for 418 apartments distributed across four blocks ranging in height from two to five storeys. Former approval secured in 2023, provides for the construction of 124 studios, 96 one-bedroom apartments, 81 two-bedroom (three-person) units, and 117 four-person units. A proposed amendment to the planning scheme will allow for up to 1,150 residential units to be developed on the site, along with 559,723 sq. ft of other town-centre-type uses. The Irish Times, 13th May
Prosperous, Co. Kildare Sherry FitzGerald Reilly is guiding €7m for a 13.84-acre site located at Curryhills, Prosperous with planning permission for 93 homes. The planning permission will allow 40 three-bedroom semi-detached houses; five three-bedroom detached houses; six four-bedroom semi-detached houses; four four-bedroom detached houses; 10 two-bedroom semi-detached houses; 14 two-bedroom apartments and 14 one-bedroom apartments as well as a dedicated creche facility. It is accessible through Emerson Road, which connects it to Prosperous village centre located 500m away. The Irish Independent, 14th May
Synge Street, Dublin 8 Bannon is guiding €3.75m for the former Christian Brothers’ monastery on Synge Street. The property is located between Grantham Street and South Circular Road. It comprises three main sections including a self-contained three-storey building to the rear. The property extends to a total area of 23,548 sq. ft, excluding a large cellar area and sits on a site of 0.4 acres. The building has 22 bedrooms and several large multifunctional rooms. It has served a variety of uses as well as the monastery including, more recently, as short-term residential accommodation. There are several car spaces in a central courtyard. The property is zoned Z15 under the Dublin City Development Plan 2022-2028. Permissible uses for this zoning include health/medical, residential institution, education, assisted living, sports facility and recreational uses. The Irish Times, 13th May
Cherrywood, Dublin 18 Several US and Canadian ice hockey stars, including former Stanley Cup winners, have emerged as investors in the proposed €250m ice hockey arena for Dublin. The proposed scheme aims to serve as a national hub for winter sports as well as a concert and corporate events venue. It will feature an 8,000-plus capacity arena, expandable to more than 10,500 for big events, and include two Olympic-sized ice rinks. As well as being the State’s first permanent Olympic-standard ice facility, it will also host Dublin’s first professional ice hockey franchise, which aims to compete in the UK league. A planning application for the stadium development, which has the backing of DLRCC, is scheduled to be submitted before the end of July this year. The Irish Times, 13th May
Cork Airport Business Park In Cork Airport Business Park, more than 20,000 sq. ft has been taken up between the sale of 12,000 sq. ft at Building 4600, and the letting of 8,000 sq. ft at Building 2100 to Evumed, who are paying rent in the region of €18psf pa. Knight Frank, who oversaw both deals, did not confirm the sale price of 4600, but it’s understood it was close to the €1.7m guide. The largest building in the park Building 5300, previously occupied by US tech giant IBM is available. The property comprises a modern detached two storey third generation office building with a total gross internal area is 25,115 sq. ft. Internally, the property is fitted to a high standard. Externally the site is landscaped and there is surface car parking. The Irish Examiner, 14th May
Waterford Airport The sod is set to be officially turned on the new €30m construction phase of Waterford Airport. Today’s event will mark a significant milestone in what is planned to be the eventual resumption of commercial flights to and from the southeast of the country. Around 140,000 people passed through Waterford Airport annually during its busiest years but there has not been a regular passenger service at the airport since 2016. The runway will now be lengthened to over 2,200 metres and widened to 45 metres to accommodate large commercial jet aircraft. The series of upgrades will enable the return of commercial passenger services, with a target set of the airport handling upwards of 400,000 passengers annually within three years. The upgrade works are set to be begin immediately following the takeover of the airport by US oil billionaire, Kelcy Warren. RTÉ.ie, 18th May
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Dublin, 12 February 2026 – Origin Capital, an established commercial real estate debt origination and management platform active in the Irish market, has announced a new relationship with Kvika.
Under the arrangement, Origin Capital will originate, structure and support the ongoing management of loans in the €2 million+ range which will be provided by Kvika to Irish borrowers. The relationship enables borrowers to access flexibly structured and competitively positioned senior debt, delivered through Origin Capital’s local origination capability and supported by institutional capital.
The parent company of the Kvika Group is Kvika banki hf, an Icelandic bank with a strong focus on real estate and corporate lending. The bank is rated investment grade by Moody’s and provides a strong and stable ownership and capital base for the Group’s lending activities. Kvika also operates in the UK through Ortus Secured Finance, providing property-backed loans funded both directly and indirectly through the bank. Ortus Secured Finance has been active in the Republic of Ireland for a number of years, albeit on a limited and selective basis.
By partnering with Origin Capital, Kvika is now positioned to increase its lending presence in Ireland in a measured and controlled way, leveraging Origin’s established borrower relationships and local market knowledge. The relationship is already active, with in excess of €30 million of transactions closed to date, reflecting strong alignment between the parties and early momentum in the Irish market.
“This relationship allows us to bring high-quality institutional lending capital to Irish commercial real estate borrowers in an efficient and transparent way,” said Ross Metcalfe, CEO of Origin Capital. “Origin is combining its local expertise with Kvika’s balance-sheet lending capability to deliver certainty of execution for borrowers.”
Jon Salisbury, CEO of Ortus Secured Finance, added: “Ortus Secured Finance has been active in the Republic of Ireland for a number of years, albeit in a limited capacity. This relationship enables Kvika to increase its presence in the Irish market in a controlled and disciplined manner, benefiting from Origin Capital’s deep local expertise and established relationships. We are pleased to work with the Origin team as we scale our Irish lending activity.”
Origin Capital will continue to focus on senior secured loans against core and transitional commercial real estate assets, responding to ongoing demand in the Irish market.
For further information please contact Ross Metcalfe at rossmetcalfe@origincapital.ie