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
If you have an article which you would like to have considered for inclusion in our next weekly report, please contact us at info@origincapital.ie
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
Grafton Street, Dublin 2 Savills is guiding €3.4m for Number 2 Grafton Street and 50 Nassau Street. Located at the junction with Nassau Street, the asset comprises a 2,615 sq. ft five-storey over-basement building in a prominent corner position in Dublin city centre’s foremost shopping area. The building is occupied by a diverse tenant mix and is anchored at street level by coffee chain, Starbucks, and by Claddagh Jewellers. The upper floors of the property are home to a number of office and service occupiers. The investment is currently generating total annual rental income of €242,426, and the weighted average unexpired lease term is approximately 6.5 years to break. Should a sale proceed at the guide price, the new owner would stand to secure a NIY of 6.48%. The Irish Times, 6th May
For lending terms on this asset, please contact rossmetcalfe@origincapital.ie
Blackrock, Co. Dublin Failing to find a buyer for the Frascati Centre in Blackrock when it offered it in a quiet, targeted process for about €100m in 2023, the owners are preparing to offer it for sale on the open market. Cushman & Wakefield and Eastdil Secured will be joint agents and the price is expected to be between €75m and €80m. Acquired by Invesco Real Estate for €68m in 2015, a further €80m was spent on its renovation and extension. The Blackrock property comprises 177,000 sq. ft of retail space and 43,000 sq. ft of residential accommodation distributed across 42 apartments. The scheme is generating an annual rent roll of €6.9m. There is an opportunity to increase the Frascati Centre’s net operating income substantially, with full planning permission in place for the development of an additional 123 rental apartments across two phases. The Irish Times, 6th May
North Dublin Docklands US real estate investor Kennedy Wilson said it has bought out its co-owner in Coopers Cross, a mixed-use development in the North Dublin docklands. The company said in its latest quarterly report that it paid Cain International $24m to buy its 50% stake in Coopers Cross. This resulted in a $16m remeasurement gain for the firm. Coopers Cross is spread across 394,000 sq. ft and includes 471 apartments. The office block was completed early last year. The Business Post, 10th May
Parnell Street, Dublin 1 Cushman & Wakefield is guiding €6.925m, exclusive of VAT for Unit 2 at the Ivy Exchange. Developed by the Cosgrave Property Group in 2006 as part of the wider, mixed-use Ivy Exchange, Unit 2 comprises ground and mezzanine floor accommodation extending to 28,068 sq. ft. The subject property is fully let to Tesco Ireland on a 25-year lease which commenced in November 2007. The current passing rent is €495,000 a year with approximately 6.8 years income remaining until lease expiry. The financial accounts for Tesco Ireland for the year ending February 22nd, 2025, show total sales in the year grew 5.8% with a turnover of €3.445bn. Should a sale of Unit 2 proceed at the guide price, the incoming owner would stand to secure a NIY of 6.5%. The Irish Times, 6th May
For lending terms on this asset, please contact rossmetcalfe@origincapital.ie
Navan, Co. Meath JD Sports has opened a new store at Navan Town Centre. The European sportswear retailer has agreed a deal to occupy the 7,535 sq. ft which had been left vacant by UK fashion retailer New Look following the liquidation of its Irish operations. JD Sports was represented in the negotiations by Bogle Estates while Cushman & Wakefield and Savills acted as joint letting agents for Navan Town Centre. Developed originally in 1980, Navan Town Centre was extended on a number of occasions between 1995 and 2009. The scheme today extends to 303,383 sq. ft with 1,388 car-parking spaces. Navan Town Centre is anchored by Tesco, Penneys and Dunnes. Other well-known retailers at the centre include Sports Direct, River Island, Boots, Starbucks and Costa Coffee. The Irish Times, 6th May
Killester, Dublin John P Younge is guiding €6m for The Beachcomber, a 6,000 sq. ft landmark bar over two levels located at 179 Howth Road. Turnover is believed to be heading for over €2.7m. At ground floor level its lounge bar extends to 2,938 sq. ft. A kitchen extending to 102 sq. ft is also located at ground level, as are a store, cold room, toilets and an office. At first floor level is a lounge/carvery/restaurant in two sections: one to the front of 1,324 sq. ft while a back section extends to 1,690 sq. ft. At this level a catering kitchen measures a much larger 370 sq. ft and it is complemented by a food cold room. The Irish Independent, 7th April
Laragh, Co. Wicklow McDonnell Properties is guiding €1.5m for a café and delicatessen and a heritage property located in the heart of the Wicklow Mountains National Park. The sale involves the well-established 8,611 sq.ft Glendalough Fayre cafe and shop, and an historic stone house built in 1865 as a Royal Irish Constabulary building. With a long-standing presence in the village, the cafe deli is better known as Glendalough Green or the Glendalough Cafe, with its iconic red signage. Next door is the Royal Irish Constabulary building, which comes with a period slate roof and striking Victorian entrance door and five bedrooms. To the rear, a courtyard leads to a built-in BBQ area. The Irish Independent, 10th May
Sir John Rogerson’s Quay, Dublin 2 Commercial property firm Iput has agreed a long-term lease with Beauchamps LLP at Two Riverside on Sir John Rogerson’s Quay to support the firm’s expansion. Beauchamps has committed to 27,000 sq. ft under a new 10-year lease running to May 2036, extending its existing lease, which had been due to expire in 2030. The Dublin-based law firm will now occupy the entire ground, first and second floors of the building. Other occupiers at Two Riverside include Harvey AI, the legal tech firm, and Interpath. Following the upgrade works, Two Riverside has achieved leadership in energy and environmental design (LEED) operations and maintenance gold certification. Iput said it has secured approximately 100,000 sq. ft. of lettings and lease renewals in 2026. The Business Post, 6th May
Dublin Office Market According to Knight Frank’s Q1 2026 Dublin office market outlook, the squeeze on Dublin’s prime office space is set to intensify this year as geopolitical headwinds spark uncertainty. Knight Frank said the “biggest risk” lies in the lack of development in the city centre. Two buildings were completed in the first quarter of 2026, totalling 163,000 sq. ft, the largest of which was 160 Townsend in Dublin 2. Of the six buildings due for completion during the remainder of the year, three are already pre-let. For 2027, about 60% of upcoming space has already been secured, with “no new space” under construction and due to be delivered after that. Prime rents remain steady, ranging from €65 to €67.50 psf but this is forecast to heighten, with rental growth of €70 psf expected in 2026, and up to €75 for pre-lets. The Business Post, 7th May
Church Street, Dublin 7 Ireland and UK student accommodation firm LIV has agreed to sell its 211-bed student building at Church Street. It is owned by Valeo Groupe, a US-based investment firm with student accommodation facilities across Spain, Scandinavia and the US. According to accounts filed for LIV Dublin Church Street Student Residence Limited, the firm put the property up for sale in 2025 and received an offer from an “unrelated third party”. Directors said it was “probable” the property’s sale would complete in 2026. Although the value of the deal was not disclosed, the company reclassified the property in its accounts as an asset held for sale during the year. Its fair value was reduced by €7.2mn after a revaluation, with the property on the balance sheet at a €37m “sale valuation”. The Business Post, 6th May
Killarney, Co. Kerry An opportunity to develop a hotel on Muckross Road, known as Killarney’s Golden Mile, is being offered for €3m through CBRE Hotels. The vacant site extends to approx. 0.75 acres and is strategically positioned on Muckross Road next to Kerry Brewing Company and 500m from Killarney town centre. A feasibility study indicates that the site has the capacity for a hotel rising from four to six storeys which could accommodate about 150 bedrooms. The sale will be subject to planning permission and that the preferred bidder will be selected on the basis that the bidder’s proposed design for the planning application could offer a viable prospect of achieving planning approval. The site is currently zoned under the Kerry County Development Plan 2022-2028 to support mixed-use general development, including hotel use, indicating favourable conditions for a project of this nature. The Irish Independent, 7th May
Clontarf, Dublin 3 A 1.14-acre residential development site on the Howth Road in Clontarf has been brought to the market with full planning permission for a 65-unit apartment scheme. The properties at 110 and 114 Howth Road are being offered for sale by private treaty through Sherry FitzGerald, with price on application. The existing holding comprises two vacant detached dwellings. Planning permission has been secured for a five-storey residential scheme comprising 65 apartments, including 29 two-bed units, 28 one-beds, five studios and three three-bed apartments. Unit sizes range from approximately 431 sq. ft to 1,130 sq. ft. The scheme incorporates a central landscaped courtyard, rooftop terraces, a crèche and café space, along with 47 car parking spaces and 161 bicycle spaces. The Business Post, 9th May
Kyrl Street, Cork City A Cork city centre riverside site that has been idle for several years is being cleared with a view to redevelopment as part of Cork City Council’s ongoing battle to tackle dereliction. The 0.96-acre site between Kyrl’s Quay and Kyrl’s St near the Bridewell Garda Station was previously earmarked for a major hotel/leisure and apartment project but the development never went ahead. A spokesman for the local authority said the current site clearance and stabilisation work is to “facilitate access to undertake a series of site surveys and investigations to inform project information documents and enable advertisement of a tender process seeking redevelopment proposals”. “It is envisaged this tender will be advertised over the next few weeks,” the spokesman added. In October 2024 Cork City Council posted a notice of its intention to compulsorily acquire the site under the Derelict Sites Act 1990. The Irish Examiner, 7th May
Ellistown, Co. Kildare A 149-acre agricultural holding at Mynagh, Ellistown is being brought to auction, offering a sizeable land parcel within reach of the M7 corridor. The property is being marketed by Coonan Property and will be offered for sale by public auction on June 11 at Lawlor’s Hotel in Naas. Extending to approximately 149 acres in a single block, the lands are currently laid out in seven divisions and have been used for tillage in recent years. The holding also includes a derelict two-bedroom residence and associated farmyard structures, presenting potential for redevelopment subject to planning permission. The farm will be offered in three separate lots: a 48-acre parcel; a 101-acre portion including the derelict residence; and the entire 149-acre holding. The holding is positioned between the towns of Kildare, Monasterevin and Rathangan, with access to the M7 via Junctions 13 and 14. The Business Post, 7th May
Ballymun, Dublin 11 Tuath Housing, the social housing provider, has been granted approval by An Coimisiun Pleanala to develop 446 homes on lands including the site of the former Ballymun flats. The proposed development consists of 28 duplex units and 418 apartment units. The apartments will be a mix of social and cost-rental homes, none of which are to be sold on the open market. Dublin City Council currently owns the land, but has an agreement in place with Tuath whereby the housing body will buy the land from the council after the development is completed. Cairn Homes is the construction partner for the project. The Business Post, 8th May
Newbridge, Co. Kildare Diageo officially opens its new Kildare brewery on Monday as part of a near €1bn investment in its Irish operations. The brewery at Littleconnell, outside Newbridge, represents an investment of almost €300m, 50% more than planned when announced in 2022. Diageo is moving production of all its ales and lagers, Rockshore, Harp, Smithwick’s and Kilkenny, alongside licensed beers such as Carlsberg from St James’s Gate. At full capacity, the brewery will produce two million hectolitres, making it Ireland’s second largest brewing operation after St James’s Gate. The project was originally intended to free up space for expanded Guinness production in Dublin. However, Diageo has since secured permission for a further €400m investment to build a second Kildare brewery dedicated to Guinness and Guinness 0.0 production. Work on that phase is expected to begin this year. The Irish Times, 11th May
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Henry Street, Dublin 1 TWM is guiding €4m (9.6% NIY) for number 35 Henry Street. The property comprises a four-storey over-basement building, extending to a net internal area of 2,671 sq. ft. It is fully let to Three Ireland, which has occupied the property on a 25-year lease since November 2006. The lease is on a full repairing and insuring basis, and the rent is €425,000 per year, with reviews every five years. Three has recently completed a substantial refurbishment of the shop. Three Ireland is Ireland’s largest telecommunications provider, serving more than 1.7m customers. The company, which is owned by CK Hutchinson Holdings, employs approximately 1,200 people nationwide and operates 34 directly managed retail stores. 35 Henry Street operates as a flagship store, with the upper floors used for staff training and wellness. The Irish Times, 29th April
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Naas, Co. Kildare Palm Logistics, an affiliate of the pan-European real estate private equity firm Palm Capital, has struck a deal with DSV Road that will see it deliver a new purpose-built facility of 130,297 sq. ft for the logistics specialist on a 10.9-acre site at Momentum Logistics Park in Naas. DSV Road is the dedicated road-freight division of DSV A/S, a global transport and logistics company headquartered in Denmark. Subject to planning permission, construction of DSV’s new facility is expected to start in the third quarter of this year with completion targeted for the final quarter of 2027. Upon completion, the property will be let to DSV Road on a long-term lease. The proposed unit will include a main warehouse/logistics facility, two-storey management offices and a dedicated yard to support site operations, including segregated HGV movements, trailer standing and staff and visitor parking. The Irish Times, 29th April
Ballymount, Dublin 12 Park Developments’ Logistics Division has completed three significant transactions at their Apex Hub development in Ballymount. Unit 1, extending to 34,000 sq. ft, has been sold to Demesne Electrical, a leading importer and distributor of electrical controls and switchgear. It has also agreed a pre-let of Unit 6 which extends to 45,000 sq. ft. Thirdly, it has sold a site at the entrance to Apex Hub to Costa Coffee which will build a two-level drive-thru cafe there this year. Park Developments is now seeking a tenant for Unit 2 which will extend to around 41,000 sq. ft with construction due to commence in Q3 2026. Joint agents Savills and CBRE are quoting €18.75 psf for this space. The Irish Independent, 30th April
CBRE Q1 2026 Report states industrial occupier demand remained resilient in Q1, however broader macro-driven cost pressures warrant close monitoring. Persistent inflation across energy, labour or transport inputs could temper expansion activity, particularly within the logistics segment. Ireland’s 12-month CPI increased by +3.6% to the end of Q1, from +2.8% at the end of the previous quarter, driven largely by a sharp acceleration in the energy component (+12.9%). Dublin industrial & logistics take-up totalled 424,712 sq. ft in Q1 2026, representing a 28% decline compared with Q1 2025 (588,054 sq. ft). The largest transaction of Q1 was Evri’s 92,484 sq. ft letting at Airport Business Park, reflecting continued demand from last-mile and parcel logistics operators. Demand linked to the data centre sector is becoming an increasingly important component of Dublin take-up.. Prime rents remained stable at €14.25 psf in Q1, having risen by 6% in Q4 2025, bringing cumulative rental growth since Q1 2022 to 24%. Investment activity totalled €41m in Q1, below longer-term quarterly averages. CBRE Dublin Industrial & Logistics Q1 2026
Industrial and Logistics Portfolio Investors Ares and Kennedy Wilson are back in the frame to snap up EQT ‘s industrial and logistics portfolio, with the two underbidders reemerging after U.S. investor Baupost pulled out, Green Street News reported. Baupost had been granted exclusivity to acquire the assets, but the deal fell apart following a significant lowering of the offer from the hedge fund, which vendor EQT rebuffed. EQT Real Estate put its portfolio up for sale last year, with Eastdil Secured and JLL mandated to sell the properties, managed by EQT on behalf of Singapore’s sovereign wealth fund, GIC. It was acquired in 2020 from Morgan Stanley Investment Management, and there are 32 assets in all, totalling around 1.3m sq. ft, including units in Greenogue Business Park and Baldonnell Business Park, with an annual rent roll of circa €13m. Working with partner Palm Capital, Baupost had secured exclusivity to acquire the collection in January, with the agreed price in excess of €215m. However, Green Street reported that sales discussions with two underbidders, Ares Management and Kennedy Wilson, were reignited following Baupost’s exit, with the portfolio expected to go under offer again in the coming weeks. All parties declined to comment. Biz Now, 4th May
Sandymount, Dublin 4 BDM Property is guiding €1.2m for Hillview House, 15D Gilford Road. The 3,725 sq. ft property sits on a 0.19-acre site and currently comprises a mix of commercial and office accommodation, including a vacant street-facing commercial unit to the front and a two-storey office building to the rear which is occupied by two tenants generating €74,000 pa. The tenants plan to leave this coming July. In 2024 the vendor was refused planning permission for the demolition of the two-storey office building and the development of a mixed-use property including four apartments, a cafe and 5,845 sq. ft of office space. However, it was refused because of the inclusion of a 3,800 sq. ft basement car park. An Bord Pleanála pointed out that the site might be more suitable for a car-free development because of its proximity to good transport links. The Irish Independent, 30th April
Tallaght, Dublin 24 A new phase of commercial accommodation has been launched at Tallaght Cross West, as leasing agents BDM Property bring a range of units to market on behalf of I-Res Reit. The units are essentially large format shell and core retail units that would ideally suit leisure or large retail occupiers. The scheme is located opposite The Square Shopping Centre and adjacent to Tallaght University Hospital. The available units range in size from approximately 2,260 sq. ft to 35 ,521 sq. ft, with potential for a variety of uses across retail, leisure, office and medical sectors. Existing occupiers at the development include Aldi, Flyefit and healthcare operators such as Reeves Day Surgery Centre and CRY Ireland. The Business Post, 30th April
Phibsborough, Dublin 7 Twinlite has lodged a planning application to redevelop Phibsborough Shopping Centre into a 150-room hotel with co-working space and a bar and restaurant. The redevelopment will include a nine-storey purpose-built student accommodation building adjacent to where the shopping centre now stands, with 411 beds, study rooms, a gym and communal open spaces across several floors. The application was lodged with Dublin City Council by Stormborn Capital Acquisition Three, a company associated with Twinlite. It details the construction of an additional four-storey mixed use building fronting North Circular Road with a market hall for retail outlets, cafés and restaurants on the ground floor and 23 cost-rental apartments across the first to third floors. The Business Post, 30th April
Cork City RTE is to begin the search for new studios in Cork after abandoning plans to refurbish its existing base in the city. Kevin Bakhurst, director-general of the broadcaster, told staff last week it would seek “alternative premises”. It is unclear if the company will look to sell its southern regional studios, on Father Mathew Street, where it has operated from since 1995. It put the building on the market for €2m in 2024 but later withdrew it as it considered a refurbishment. Between 40 and 50 people work out of the Cork studios. Rising construction prices have driven up the cost of revamping older properties over the past few months. In February, RTE said the estimated cost of refurbishing its Donnybrook campus had risen above a previous estimate of €350m. The Sunday Times, 3rd April
South Frederick Street, Dublin 2 Investment and stockbroking firm Cantor Fitzgerald is to relocate its Dublin headquarter office from its current home at 23 St Stephen’s Green to nearby South Frederick Street. The company has signed a long-term lease for all five floors of Bindery House, the office building completed recently by Hope Street Property. Knight Frank represented the landlord in the transaction while QRE acted for Cantor Fitzgerald. The company is expected to make the move to its new offices by the end of this year. Hope Street Property is understood to have acquired the building early last year. The property was first offered to the market in October 2023 at a guide price of €12m. Now known as Bindery House, the property comprises 30,000 sq. ft of office space and 2,000 sq. ft of external terraces. The Irish Times, 29th April
Canal Road, Dublin 6 Joint agents Savills and FQP are guiding €16m for the fully vacant, former headquarters of the Construction Industry Federation (CIF). The figure represents a 30.4% discount on the €23m the developer Osborne + Co had been set to pay to secure ownership of the building and its 1.24-acre site during Covid. The property’s owners secured planning permission in September 2024 to demolish the existing property and to replace it with Canalside, a new office scheme comprising 146,000 sq. ft of grade-A office space distributed across two buildings of five and eight storeys respectively, along with 65 car-parking spaces. The Canalside site occupies a high-profile position on the banks of the Grand Canal at the intersection of Ranelagh, Charlemont and at the approach to the central business district in Dublin 2. The Irish Times, 29th April
Kilmartin, Dublin 15 Joint agents Knight Frank and Lydon Farrell are guiding €16m for 268 acres at Kilmartin. Situated immediately next to the existing residential areas of Kilmartin itself, and Hollystown, Tyrrelstown and Ongar, the lands, are zoned for agricultural use at present. The location is well connected, with ready access to the N2 and N3 via the new link road, providing direct connectivity to the M3 and M50 motorways and the wider national road network. Dublin Airport is 13km to the east of the lands, while Dublin city centre is approximately 23km away. Fingal consistently records the strongest population growth of any local authority in Ireland, with a populace of more than 330,000, making it the second-most populous local authority in the State. The Irish Times, 29th April
Chapelstown, Co. Carlow Lisney is guiding €9.5m for 33.5 acres located at Chapelstown. The lands are zoned ‘New Residential’ under the Carlow County Development Plan 2022-2028. The site’s potential is evidenced by the fact that it was the subject of a previous grant of planning permission in 2006 for a 275-unit residential scheme. While that development did not proceed, Lisney believes that this original planning permission establishes a precedent for development on the site and reinforces its suitability for residential use. The subject site is located about 2.5km from Carlow town, and has direct access to the N80 national road and ready access to the wider road network, including the M9 motorway. The Irish Times, 29th April
Sandyford, Dublin The Sentinel building in Sandyford will be completed and occupied by the end of next year according its owners, the Comers. In 2022 Dún Laoghaire-Rathdown County Council voted to rezone the Sentinel site, removing the requirement for an office element. Instead, the new county development plan included a “specific local objective” to “facilitate completion of the unfinished block and allow consideration of a maximum of 110 residential units”. In early 2023 the Comers bought the adjoining RB Central site from Ires, gaining permission for the construction of 428 apartments. Later that year they submitted plans to convert the Sentinel to 110 apartments. Sixty would be two-beds with 22 one-beds and 28 three-beds. The council granted permission for the development but with a condition requiring the number of three-bed apartments be increased to a minimum of 40%. Building commenced two years ago, and Sentinel is the last phase of the development. It will be starting early next year and be completed by the end of next year. The Irish Times, 4th May
MSCI / SCSI Index Q1 2026 The latest MSCI/ SCSI IPD index shows key sectors of the Irish commercial property market continued to strengthen in Q1 2026, however values for older offices continued to decline. The strongest performers in Q1 were retail warehouses, Grafton Street investments, newer offices and industrial properties. Retail warehouses continued as the overall star performer returning 3.81% in the quarter to their investors, bringing their 12-month returns to 17.17% on the back of 13.7% rental growth and 9.4% growth in capital values over the 12 months. The sector showed quarterly growth of 2.1%, similar to Q4 2025, in both rents and capital values. Older offices are generating rental growth, albeit a modest 0.3% in Q1 and 1.5% in the 12 months. However, they continue to suffer a fall in capital values, down 1.1% in the last quarter and 39% since Q4 2021. The Irish Independent, 30th April
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Clonshaugh, North Dublin Harvey is guiding €7m for a modern detached warehouse and office facility in north Dublin. Unit B at the Willsborough Industrial Estate in Clonshaugh extends to 46,336 sq. ft, including 9,488 sq. ft of office accommodation arranged over three floors. It comprises a twin-span steel portal frame warehouse with a clear internal height of 9.5 metres and an insulated metal deck roof. Loading is via four dock levellers and two level access doors, while externally a gated yard extends to 37 metres in depth. Car parking is provided to the front and side for about 40 vehicles. A defining feature of the asset is its power provision. The property includes a dedicated ESB substation delivering 2 MVA, a level of electrical capacity that significantly exceeds standard industrial requirements and positions the building for a broader range of occupiers. The Business Post, 23rd April
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Mitchelstown, Co. Cork Sandymark Group will commence construction shortly on the first phase of a new logistics scheme in Mitchelstown, with practical completion anticipated in the second half of 2027. Located next to junction 12 of the M8 motorway the development is situated adjacent to Aldi’s regional distribution centre and is near the headquarters of both Kerrygold and Dairygold. The first phase of the scheme will comprise three detached units with a total combined floor area of approximately 293,000 sq. ft. Each unit will have a 12-metre clear internal height, multiple dock levellers, level-access doors and generous HGV service yards ranging in size from 40m to 50m in depth and Cat-A office accommodation and staff facilities. Units will be available for sale or to let from Cushman & Wakefield. The Irish Times, 22nd April
Ardagh, Co. Limerick Joint agents CBRE and GVM auctioneers have brought Cahermoyle House in Co Limerick to market. The 36,500 sq. ft property comprises 49 guest bedrooms along with a restaurant, lounge, whiskey bar, banqueting and meeting facilities. The wider 43-acre estate comprises a mix of farmland and mature woodland and features a private chapel, traditional outbuildings, a walled garden, a gardener’s residence and an outdoor swimming pool. While a guide price has not been set, the property and its 43-acre estate are expected to secure in the region of €3m. Constructed originally in 1871, Cahermoyle House has both historical and architectural significance. The Irish Times, 22nd April
Sandymount, Dublin 4 Colliers are guiding €1.5m for Martello Tower No 16, a landmark hospitality venue. Overlooking Dublin Bay, the 19th century Martello Tower sits directly on Sandymount Strand. Constructed in 1804 as part of a chain of coastal defence towers during the Napoleonic Wars, Martello Tower No 16 forms part of a wider network of 28 towers positioned around Dublin Bay. Designed to withstand attack from the sea, its thick circular masonry walls and elevated roof level reflect the robust engineering of the period. The property comprises the original circular tower over three levels, together with later extensions dating from the mid-19th and 20th centuries. These alterations introduced internal stair access, additional openings and a modern seaward-facing extension. Large windows to the seaward side provide panoramic views across Dublin Bay. The entire property now extends 6,641 sq. ft. The Irish Independent, 23rd April
Earlsfort Terrace, Dublin 2 A project to significantly expand the five-star Conrad Hotel near St Stephen’s Green in Dublin has been approved by Dublin City Council. In January, Earlsfort Centre Hotel Proprietors Limited, the operator of the property, applied for permission to increase the capacity of the hotel from 192 to 308 bedrooms. To facilitate the expansion, it proposed the development of a new eight-storey extension over an existing two-storey space currently used for events. The planning application also proposed upgrades to the existing bar and restaurant areas of the hotel. The proposal for the hotel, devised by BKD Architects, would increase the size of the hotel from 155,054 sq. ft to 220,509 sq. ft. Archer Hotel Capital, the owner of the Conrad Hotel previously secured permission in 2022 to expand the hotel from 192 to 280 bedrooms, but did not proceed with the plans. The Business Post, 22nd April
Capel Street, Dublin 1 Beannchor Group has started construction of a new hotel in Dublin after securing a fresh €35m financing package with Ulster Bank. The hospitality group has a vast portfolio of hotels, pubs and restaurants, including The Merchant Hotel, a five-star property, and the four-star Bullitt Hotel in Belfast. In 2018, the company signalled plans to make its first move in the Dublin market and develop a Bullitt-branded hotel on the former Boland’s Bakery site, at Capel Street/Mary Street Little. The company faced a protracted process to secure permission to develop the site. Works stalled in 2023 after a burial site dating back to the 11th Century was discovered during excavations. Construction of the hotel has now formally commenced, with the completion scheduled in late 2027. The new eight-storey Bullitt Hotel will include 97 bedrooms and ground floor bar and restaurant. The Business Post, 22nd April
Glengarriff, West Cork The Eccles hotel and spa in west Cork, one of Ireland’s oldest hotels, is set to be sold to an American businessman. The owners have agreed to sell the four-star hotel to Brian Patrick Martin, a hospitality investor from Connecticut. The Eccles was put on the market in 2024 with an asking price of €5m but withdrawn after the owners refinanced it. They repaid money owed to the Irish Diaspora Loan Fund, which helped fund the purchase of the hotel in 2016. Martin is expected to pay below €5m. In accounts filed last week for 2025, the directors put the latest valuation of the hotel at €4.4m. Martin owns the Hampton Inn by Hilton in Princeton, Indiana, and a Holiday Inn Express in Los Alamos, New Mexico, through his investment company BPM & Company. The Sunday Times, 26th April
Cork City Centre Knight Frank is guiding €6m for The Loft, a 21,000 sq. ft furniture store on a 0.5-acre site, between Cornmarket Street and North Main Street. The vendors, guided by Douglas Wallace Architects, have prepared a preliminary scheme for a mixed-use project that includes ground floor retail space and 206 student bedspaces. The proposed redevelopment of what is a protected structure includes the retention of the existing elevations of The Loft building and would comprise a part three, part five, and part seven-storey building, featuring communal amenity spaces in three courtyards, a public outdoor seating area, general landscaping, and boundary treatments. While the current proposal is for retail and student bedspaces, the vendor said the property was “sufficiently flexible to accommodate a range of alternative uses, including hotel or hostel development, subject to planning permission”. The Irish Examiner, 23rd April
St Stephen’s Green, Dublin 2 The owners of Stephen’s Green Shopping Centre have secured permission from Dublin City Council for their plans to redevelop the property. Last year, DTDL Limited, a subsidiary of Lanthorn, lodged planning permission to redevelop the property. The redevelopment project would primarily involve the removal of the existing facade, internal reconfiguration of the centre to create more appealing retail units for letting, the development of 314,855 sq. ft of office space, and the creation of a new two-screen cinema. Further changes proposed included the creation of many new restaurants units that would face onto South King Street. In late March, DTDL Limited lodged revised plans which included a new facade design. Dublin City Council has granted the owners of the shopping centre permission to proceed with the latest application in full, with no conditions attached that would restrict development. The Business Post, 23rd April
Grafton Street, Dublin 2 Mint Velvet, a British fashion brand is to open a store in Grafton Street, Dublin. The retailer already has two standalone shops in the Republic of Ireland, in Dundrum Town Centre and Kildare Village. It is understood the company is in talks to take over 76 Grafton Street, which was vacated by Russell & Bromley, the troubled UK footwear group which opened its only Irish store in 2022 but shut in February after being bought by Next as part of an insolvency process. As well as the standalone stores in the Republic, it also has concessions in Brown Thomas stores. Accounts for its Irish entity show it had a pre-tax profit of €250,000 on sales of €6.8m in 2024. The Sunday Times, 26th April
Dublin Office Rents Prime Dublin office rents are expected to climb by 10% over the next year, driven by increased demand and a tightening supply, according to new research. In its annual wealth report, Knight Frank, said offices are now the most targeted asset class globally for 2026, with Europe seeing a return of large-scale transactions led by office deals. Private investors deployed €16.1bn into European offices in 2025, with institutional capital expected to follow, focusing on prime, ESG-compliant assets. Knight Frank said a number of prime Dublin office assets on the market with lot sizes in excess of €100m will “test the depth of investor demand and also current prime yields, at 5%”. 80% of the office space that is due to complete in the Dublin market throughout the rest of 2026 is already pre-let. The Business Post, 23rd April
Dublin South Docklands Knight Frank is guiding €17.94m for the Alto Vetro building in Dublin’s south docklands. The property comprises a 16-storey apartment tower incorporating 24 two-bedroom apartments, two three-bedroom triplex penthouses and two ground-floor retail units. Kennedy Wilson paid approx €11m for the property in 2013. Designed by Shay Cleary Architects as a “pristine glazed rectangular free-standing object”, the Alto Vetro has the highest plot ratio of any building in the city at 17 to one, a record for Dublin because part of the tower was allowed to encroach on the campshire of the quayside. The investment currently produces a gross annual income of €1,099,950. Should a sale proceed at the €17.94m guide price, the new owner would stand to secure a net initial yield of 4.75%. The Irish Times, 22nd April
Stepaside, Dublin 18 Having secured full planning permission last December for a large-scale development comprising 209 new homes at Stepaside, Twinlite has instructed agent Savills to find a buyer for the site. The lands, which are located in the established Aiken’s Village scheme, are being offered to the market for €19.75m. The approved development comprises 209 own-door units and consists of a mix of 191 apartments and duplexes and 18 triplexes arranged across 11 blocks ranging in height from three storeys to part-three/part-four storeys. The accommodation will have a total of 205 car-parking spaces, with 58 of these located underground, and 550 bicycle spaces. Aiken’s Village in Stepaside is well connected by public transport and by road. The Luas green line stop at Glencairn is within walking distance while the M50 motorway and N11 are just a short drive away. The Irish Times, 22nd April
Dundalk, Co. Louth Harvey is guiding €1.85m for 22.27 acres of land in Dundalk suitable for development of industrial and logistics units. As only approx. 17 acres is developable land, the price equates to approx. €105,000 per acre for the developable area. The site adjoins Xerox Technology Park and is located 2.5km from Junction 16 on the M1 motorway at a point which is 80km equidistant from Dublin city and Belfast city. Dundalk is the commercial hub of the north-east with an established cluster of successful global foreign direct investment companies located in the immediate vicinity. Nearby occupiers include WuXi Biologics, Paypal, Wasdell Europe and National Pen. Zoned E2 Business and Technology under the Louth County Development Plan, the types of premises that could be developed include: digital innovation hub/co-working space; high-technology manufacturing; industry light; offices; research and development; science and technology-based enterprises. The Irish Independent, 23rd April
Stepaside, Dublin 18 Six apartments in Stepaside, were sold at a recent auction for €1.75m, well over their guide price of €1.245m as guided by estate agent Galvin and auctioneer BidX1. The price achieved for apartments 2,4,5,7,8 and 9 at Old Castle View, Kilgobbin Road, Stepaside equates to an average of €291,667 each. The apartments comprised five two-bedroom units and one one-bedroom unit ranging in size from 614 sq. ft to 710 sq. ft and four of the six were tenanted. Last October, a group of four other apartments in the same complex sold for €1.081m which equates to an average of €270,250 per apartment. The premium achieved in this month’s auction is even greater when it is considered that some of the October units were larger, ranging in size from 700 sq. ft to 1281 sq. ft and were all vacant. The Irish Independent, 23rd April
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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 a residential property portfolio in Dublin. If you have a funding request for €2m+, please contact Ross Metcalfe at rossmetcalfe@origincapital.ie Origin Capital, 14th April
Trim, Co. Meath Joint agents Savills and JLL are guiding €25m for the four-star Knightsbrook Hotel, Spa & Golf Resort. The hotel comprises 131 guest bedrooms and 28 three-bedroom self-catering holiday homes. Food and beverage offering includes Rococo Restaurant, Swifts Bar, Terrace Lounge, and Rooftop Terrace, alongside large-scale conference and banqueting facilities with capacity for up to 1,800 delegates. The Knightsbrook’s leisure and wellness facilities include the award-winning River Spa with 14 treatment rooms and a health club with an 18m swimming pool, rejuvenating thermal suite, a gym, and two dedicated fitness studios, which cater for the hotel’s guests and health club members. Set across a total of 172 acres of parkland, the resort also features a championship 18-hole golf course. The Irish Times, 15th April
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Drogheda, Co. Louth The Thatch Bar and Kitchen, a licensed premises and restaurant on the edge of Drogheda, has been launched on the market with BDM Property guiding €1.5m. A purpose-built two-storey over-basement premises, its 19,967 sq. ft floor area accommodates a lounge bar, public bar, restaurant and three function rooms. To the front of the property stands the original Thatch licensed premises which dates to 1840 but is not used as a pub. A protected structure, its thatched roof has been repaired but its interior requires refurbishment. Occupying a 0.96-acre site, it offers parking for 60 cars and has potential for further development. Strategically located at a prominent trading position on Donore Road, a busy thoroughfare linking Drogheda town to Junction 9 of the M1 Dublin to Belfast motorway. The Irish Independent, 16th April
Bandon Road, Cork West Cork businessman Damien Long has purchased The Viaduct Inn. The venue had been listed for €1.6m, and it is understood it sold for in excess of €2m. The 7,000 sq. ft property sits on a 2.84-acre site, with over 110m of profile on the N71 Bandon Rd. Currently operating as a restaurant, a multi-million investment will transform the building into a multi-purpose space, promising a “first-of-its-kind” transport and travel hub. A statement on behalf of Mr Long said the first element of the hub will be a Dublin Connect bus service. A dedicated park-and-ride service will operate every 30 minutes from 6am to midnight, running in a loop from The Viaduct and taking in Cork University Hospital, Wilton, University College Cork, Mercy Hospital, and Kent Station. The third element will see the restaurant turned into a “roadside plaza” The Irish Examiner, 16th April
Baggot Street, Dublin 2 The owners of the Fire Steakhouse and Sole Seafood & Grill restaurants in Dublin city centre are in discussions to buy the Star Bar, a pub located on Baggot Street lower. The Star Bar, formerly called Larry Murphy’s, was put on the market this year with a guide price of €1.95m. At auction the property was withdrawn after it failed to reach its reserve price. The building comprises the pub at basement and ground level, and offices on the upper three floors. The owners of The Phoenix, a satirical magazine, have a 35-year lease for the third floor and pay an annual rent of just under €12,000. The owners have invested heavily in Fire and Sole. In 2025, they put €3.5m into expanding Sole, doubling the size of the restaurant. The Sunday Times, 19th April
Industrial Market Preliminary data for Q1 2026 shows that approx. 560,300 sq. ft of industrial and logistics space was taken up across Ireland with 415,300 sq. ft in Dublin, 130,000 sq. ft in Cork and 15,000 sq. ft in the Limerick-Shannon markets. Three deals handled by Cushman and Wakefield accounted for nearly 60% of the space taken up in Dublin and 45% nationally. EVRi, a UK parcel delivery and logistics company, leased approx. 92,500 sq. ft at Unit D1 Airport Business Park in Swords. Sims Lifecycle services, a global provider of IT decommissioning and recycling services leased approx. 78,700 sq. ft at Unit 4 Vantage Business Park. Finally, Crane Worldwide Logistics signed for approx. 78,800 sq. ft at Unit N4 Horizon Logistics Park. A tighter supply-demand dynamic has continued to support rental growth for the sector. Cushman and Wakefield says it expects prime industrial rents to increase by 3% in 2026. The Irish Times, 15th April
Carolan’s Corner, Dublin 1 DNG is guiding €1.6m for Carolan’s Corner, a tranche of three red-brick period, terraced, commercial and residential properties near Croke Park. The properties are located at the junction of North Circular Road, Belvedere Road, Belvedere Place and Sherrard Street Upper. The properties includes the five-bedroom 482 North Circular Road house. This is interconnected with the adjoining 12 Sherrard Street Upper which is the off-licence. The alcohol licence is being offered for sale separately for approx.€46,000. As well as the off-licence shop, this property also includes two reception rooms, a kitchen and bathroom and separate WC along with store rooms. Next door is 480 North Circular Road which is a separate four-bedroom house and has been rented out. It comes with two reception rooms, a kitchen and two shower rooms. The Irish Independent, 16th April
Mahon Point, Cork City Cork City Council has granted permission to an Irish subsidiary of Deka Immobilien, a German real estate giant, to proceed with its €200m plan to redevelop and expand Mahon Point shopping centre. The development, which comprises 837,077 sq. ft of ground floor space, will add some 139,931 sq. ft of retail space to the existing footprint. It will also include 251 apartments and a 69,255 sq. ft office block over five storeys, as well as a multistorey car park. The company also received permission to develop open space “civic areas, including a market square, which can accommodate the existing farmers’ market, civic and community events, as well as occasional pop-up structures and activities”, according to the decision notice. Demolition of the existing western facade of the Mahon Point shopping centre will be required to facilitate part of the development. The Irish Times, 16th April
Tallaght, Dublin 24 Colliers is guiding €1.2m for Unit 301 at The Square Shopping Centre. The 950 sq. ft unit is let to Rubybridge Ltd trading as Spar at a passing rent of €90,000 a year, secured on a 10-year lease from September 2025, with five-yearly rent reviews and no break options. The lease is guaranteed by Ginos Italian Ltd. The subject property occupies a high-footfall position at the western entrance to The Square, opposite Belgard Square West, which also serves as the main access way from the Tallaght Luas red-line stop. The unit is also located directly opposite the cinema which drives additional footfall. Should a sale of the unit proceed at the guide price, the buyer would be in line for a net initial yield of 6.82% after standard purchaser’s costs of 9.96%. The Irish Times, 15th April
Jervis Shopping Centre, Dublin 1 New Yorker, a German discount fashion retailer, has agreed to pay a rent of €850,000 at the Jervis shopping centre in Dublin as it opens its first Irish store. The company has signed a 15-year lease for a two-storey unit at the Abbey Street mall, according to a filing on the commercial property price register. The deal is the first big signing by Jervis’s new owners. International property investors Cross Ocean Partners and Pradera reportedly paid €115m for the city centre mall last year. New Yorker, which sells trend-led womenswear, menswear and accessories, will take a 21,528 sq. ft unit that is due to open this year. The retailer has more than 1,300 stores and employs 26,000 people worldwide. Pradera, a London investment fund and asset manager, is exploring opportunities to strengthen the occupier mix at the Jervis centre. The Sunday Times, 19th April
Park West Business Campus. Dublin 12 One of the office sales in Dublin during the first quarter of the year saw a self-contained building, Block 16, Joyce Way, Park West Business Campus, sell for slightly over the €2.525m which had been quoted by selling agent BNP Paribas Real Estate. The property extends to 25,942 sq. ft over three floors and features a mix of open-plan and cellular office space, along with a large commercial canteen facility located on the first floor. Accessed via an impressive triple-height reception area, the office accommodation benefits from a generous 2.7-metre floor-to ceiling height throughout. It also came with 36 surface car-parking spaces. Park West business park is easily accessible via the Nangor Road, which connects the business park to the M50 ring road. The Irish Independent, 16th April
Rosslare Road, Wexford TWM Property is guiding €5.9m for the first, second and third floors of Limekiln House, the large office building which houses Zurich Insurance in Kerlogue Business Park on the Rosslare Road. According to the listing the building currently commands an annual rent of €540,739, with seven years remaining on a 26 year-lease and the next CPI rent review due for 2028 with no caps or collars. An ultra modern and extremely well-finished building, it stretches to approx. 22,177 sq. ft with 103 parking spaces. While the ground floor is not included, the brochure states under “asset management potential” that there is “opportunity to buy the ground floor of the building”. The Sunday Independent, 19th April
North King Street, Dublin 7 A purpose-built student accommodation scheme in Dublin’s north inner city with full planning permission has come to market. CBRE Ireland is handling the sale of the Factory, a 0.84-acre development site on North King Street, with planning permission in place for 338 student beds. The guide price has not been disclosed but is available on request from the agent. Extending across five to seven storeys, the development retains the protected red-brick façade fronting North King Street, while introducing a contemporary scheme arranged around a central courtyard. Plans also include a retail unit at the corner of North King Street and Bow Street, alongside cultural space at ground floor level. The Factory scheme will have a mix of 73 studio units alongside cluster apartments ranging from four to eight bedrooms. The Business Post, 20th April
Dundrum, Dublin 14 Dún Laoghaire-Rathdown County Council has moved to the delivery stage of a key housing scheme in Dundrum, signing contracts with Winterbrook Ltd for a 129-unit social and affordable development. The Emmet Gardens project, approved through the Part 8 process last year, will comprise 72 one-bedroom and 57 two-bedroom homes across three blocks ranging from two to six storeys. The scheme forms part of a broader pipeline of more than 1,000 homes being advanced by the local authority under its Competitive Dialogue model. The scheme is being supported through a combination of State funding streams, including the Social Housing Capital Investment Programme and the Affordable Housing Fund, with the site itself acquired via the Housing Agency’s Land Acquisition Fund. Located on Dundrum Road, construction is expected to commence shortly, with completion targeted for late 2028. The Business Post, 17th April
Ballsbridge, Dublin 4 Eagle Street Partners has teamed up with Landfair, a Swiss and British-based investment group, to buy No 2 Ballsbridge Park. The former headquarters of Goodbody Stockbrokers was offered for sale in an off-market process in 2024, with a reported asking price of €32.5m. At the time it had a number of short-term tenants, including BlackRock and Coca-Cola, but they, along with Goodbody, were due to vacate the building early last year. No 2 Ballsbridge is likely to be a development play for Eagle Street and Landfair. With a C3 building energy rating, the property sits on a 1.1-acre site and received planning permission in 2022 for an extension. The Sunday Times, 19th April
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