Welcome to the Origin Capital Weekly Irish Property Review. This update is designed to provide you with a full recap of the latest property news from the media over the last seven days.
OFFICE
Park West Business Park, Dublin 12 Colliers has launched the sale of a three-story office building with a guide price of €3m. Block 8, Park West Business Park, comprises a self-contained three-story office building extending to approx. 24,231 sq. ft, along with 35 on-site car parking spaces. The property reflects a NIY of 12.13% and a capital value of approx. €124 psf, assuming standard purchaser’s costs. Park West Business Campus is well-connected to Dublin city centre and the wider transport network, with Park West & Cherry Orchard railway station located within a seven-minute walk of the property. The property is fully let to Vianova, on a four-year fixed-term lease from 1st September 2025, with no break option at a passing rent of €400,000 pa. The Business Post, 23rd July
North Wall Quay, Dublin 1 Citi Bank paid €100m to acquire the site of its new European headquarters in Dublin’s north docklands from RGRE in January 2023. The bank, which has had a presence in Ireland for more than 60 years and is the largest bank in the Irish market by assets, with some $210bn on its balance sheet, is gearing up to make the move from its long-standing home at 1 North Wall Quay to its new 300,000 sq. ft European headquarters. The new office building is nearing completion at Waterfront South Central, the mixed-use scheme RGRE is developing next to the 3Arena in Dublin’s north docks. The total spend on its new European headquarters is set to weigh in at approx. €569.6m between the costs of site acquisition and construction, with the vast majority of those funds flowing into the Exchequer. Some 2,300 people were employed on the project at various stages over the past three years, while more than 80% of the contracts were signed with and fulfilled by Irish companies. Distributed across 10 office floors, the bank’s Waterfront South Central offices will be 31% larger than its current HQ and will have 2,000 seats to accommodate approx. 3,100 employees. The Irish Times, 27th July
Canal Road, Dublin 6 Core Capital has been selected as preferred bidder to purchase the former headquarters of the Construction Industry Federation (“CIF”). Two sources familiar with the sales process for the site, called Canalside, told The Irish Times that the firm bid in the region of €14.5m for the 1.24 acre site. Osborne+Co previously agreed a deal in 2021 to buy the site for €23m. The sale was never completed, but a firm linked to Osborne+Co did secure planning permission to build a new 145,312 sq. ft, eight-storey office scheme. Last year, a number of derelict victorian cottages on the site partially collapsed along the Grand Canal. The buildings were then demolished and hoarding has been erected around the site. In April 2026, CIF and the Construction Workers Pension Scheme instructed joint agents Savills and FQP to put the organisation’s former offices on the market with full vacant possession at a guide price of €16m. The Irish Times, 22nd July
St. Stephen’s Green, Dublin 2 October Investments has secured the flexible workspace provider Pembr as occupier for No. 16 St. Stephen’s Green. The building, which served for many years as the corporate headquarters of the ESB, has been restored and redeveloped as an office building capable of accommodating more than 350 workers. The entire property will now be operated by Pembr. No. 16 comprises 39,220 sq. ft of grade-A office accommodation. Some 9,000 sq. ft of that space is contained in the original Georgian building, while the majority of the accommodation (30,220 sq. ft) is distributed across a newly constructed seven-storey building that is accessed through interconnecting glass corridors on four levels to the rear of the property. Approx. 25% of the building’s floor area will be set aside by Pembr for communal and customer-facing facilities. The Irish Times, 22nd July
City Quay, Dublin 2 An Coimisiún Pleanála (ACP) has refused planning permission to Ventaway for a 24-storey office block on the former City Arts Centre. ACP refused planning after finding that the 104.8m (344 ft) high building “would stand apart as an overly assertive solo building” at the location. Ventaway first lodged its 24-storey proposal with Dublin City Council in 2022 and it was refused planning permission in May 2024 by An Bord Pleanála. However, following a High Court challenge by Ventaway, a Judge quashed the May 2024 refusal and remitted the application back to ACP for fresh consideration. In December 2024, Ventaway lodged plans for a scaled-down 14-storey scheme and that was granted planning permission by the council in July 2025. However, ACP issued a refusal against the scheme last week following an appeal by An Taisce. By refusing planning permission for the scheme, ACP overruled its own inspector’s recommendation to grant planning permission. The commission refused planning permission, having regard to the overall design, including height, scale, massand form of the proposed building. It noted that it would be likely to have noticeable and detrimental overbearing impacts on neighbouring property. The Irish Times, 21st July
Grand Canal Quay, Dublin 2 State Street, the American financial services giant, has signed a 12-year lease at No. 2 Grand Canal Quay for floors four to ten, and will pay an annual rent of just under €5.25m. State Street is renting 78,000 sq. ft in total, more than half of the office block and enough room for approx. 800 workers. The company employs over 2,000 people in Ireland. Last year it decided to break its lease early on its office at Sir John Rogerson’s Quay. It is expected to vacate by 2028. No. 2 Grand Canal Quay, which is under construction, will comprise 145,000 sq. ft and up to 15 floors in total when it is complete. The office sits beside the former Esat building. The deal with State Street was the largest transaction on the Dublin rental market in Q2 of 2026. The Sunday Times, 25th July
Point Square, Dublin 1 Almost 100,000 sq. ft of modern office accommodation at Point Square is being brought to market by Click Offices on behalf of the building’s owners. The scheme comprises five floors of approx. 20,000 sq. ft each within the waterfront development beside the 3Arena, with office suites available from 16 desks to full-floor occupancies of up to 200 desks. Point Square’s ownership is divided across a number of entities. The Gibson Hotel is owned by Deka Immobilien, Dunnes Stores owns the shopping centre’s anchor retail unit and the adjoining 3Arena is operated by Live Nation. The shopping centre itself was acquired earlier this year by Hakuba Ltd, the investment vehicle backed by New Vision Alternative Strategies ICAV, a fund managed by Ballybunion Capital. Click Offices is working alongside Agochant, asset manager for Hakuba Ltd, to lease the office accommodation. The offices are immediately available and fully fitted out. Traditional leases are being quoted at €47.50 psf on a minimum three-year term, while serviced accommodation is expected to command approx. €500 per desk. The Business Post, 22nd July
INDUSTRIAL
Kearnsanstown Industrial Estate, Co. Carlow A sale and leaseback opportunity is being offered to investors for the Alutec Facades premises. REA Sothern is guiding €1.55m. The property is being offered with a new 10-year lease, producing a rental income of €125,000 pa, with a rent review at year five and offering a gross yield of approx. 8%. The premises is located at 8-10 Kearnsanstown Industrial Estate and extends to a combined 200,000 sq. ft across two buildings devoted mainly to manufacturing. Its site area extends to 1.5 acres which also accommodates a front section used for stock storage and the rear for parking. The Irish Independent, 23rd July
Ballycoolin, Dublin 11 The last remaining infill development site at Stadium Business Park has been brought to the market with an asking price of €2.8m. The 4.33 acre site is being offered for sale by private treaty through Harvey and is zoned “GE” under the Fingal Development Plan 2023-2029. The site has an established planning history, including an expired permission for a high-density business unit scheme extending to 98,382 sq. ft. Stadium Business Park is located within the Dublin Enterprise Zone between the N2 and N3 corridors, providing access to the national road network, Dublin Port Tunnel and Dublin Airport. Existing occupiers in the park include Chemco Ireland, DFDS, Dunnes Stores, Global Fruit Company, Lindab and KDM Hire Ireland. The Business Post, 22nd July
MIXED USE
Rathcoole, Dublin 24 A 10.89 acre commercial holding along the Naas Road corridor has sold under the hammer for €3.65m. The Blackchurch Inn property in Rathcoole, Co Dublin, was sold at auction by Coonan Property in Naas last Thursday. Bidding opened at €1.4m and progressed in €100,000 increments to €2.85m before auctioneer briefly adjourned proceedings to seek the vendors’ instructions. The property was placed on the market, prompting a new bidder to enter the competition. Bidding then continued in €50,000 increments until a local businessman secured the property for €3.65m. The sale equates to more than €335,000 an acre. The property combined the former Blackchurch Inn, vacant for the past seven to eight years, with extensive external storage areas, a commercial yard and a substantial landholding, making it an unusual offering in a location that continues to attract commercial interest because of its accessibility. The Business Post, 22nd July
HOSPITALITY
Knocktopher Abbey, Co. Kilkenny StarStone Group, the Meath-headquartered property investor, has acquired Knocktopher Abbey. DNG Country Homes & Estates and DNG Ella Dunphy confirmed the sale of the Victorian Gothic estate. While the purchase price has not been disclosed, the property had been guided at €1.85m. Starstone intends to transform the historic Kilkenny property into a boutique hotel. The asset is set amidst c.11 acres. Located between Kilkenny and Waterford cities, the estate extends to approx. 20,085 sq. ft, including the principal abbey building and seven converted self-catering cottages housed within former stables and coach houses. The mature grounds incorporate woodland, landscaped gardens, pleasure walks and a tennis court. The Business Post, 24th July
RESIDENTIAL / DEVELOPMENT
Tallaght, Dublin 24 Ardstone has secured permission to develop a new €70m apartment project close to Tallaght Stadium in south Dublin. In May the company applied for permission to build a 169-apartment scheme on a 3.26 acre site on Whitestown Way. South Dublin County Council has approved the application by the developer, which also included plans for two commercial units, a creche and new public open space area. The project will provide 80 one-bed, 85 two-bed and four three-bed apartments in two blocks, the highest of which will be six storeys. The planned development will also include 77 car parking spaces, with 66 under the development and 11 on-street. The company also owns the Jesuit Order’s former Milltown Park campus in Dublin 6, which it bought for €65m in 2019. The Irish Times, 23rd July
Patrickswell, Co. Limerick Fitzpatrick & Heavey Homes has expanded into the Limerick housing market after it closed a deal to buy a development site on the outskirts of the city. The company confirmed the deal as it commenced construction on the first phase of 105 homes on the 36 acre site. Fitzpatrick & Heavey Homes chief executive said the land bank acquired by the company has capacity for 400 homes in total. A spokesman for Fitzpatrick & Heavey Homes declined to disclose the purchase price of the site, which was acquired from a local private landowner. A recent report by the Department of Housing said site costs for houses in Limerick last year were €44,000 per unit, which would value the lands acquired by Fitzpatrick & Heavey Homes at more than €17.5m. The Irish Times, 22nd July
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