Welcome to the Origin Capital Weekly Irish Property Review. This update is designed to provide you with a full recap of the latest property news from the media over the last seven days.
MIXED USE
Cook Street and Oliver Plunkett Street, Cork City Savills is seeking €5.2m for a block of eight city-centre properties at 2–7 Cook Street and 97–98 Oliver Plunkett Street. Extending to approximately 29,076 sq. ft, the portfolio comprises interconnected three and four-storey buildings ranging from 1,232 sq. ft to 6,794 sq. ft. All have commercial ground-floor units, while most upper floors are vacant. Three ground-floor tenants are in place: Central Shoe Store, Murphy’s Ice Cream and Wicked Vapes, generating current rental income of €87,000 per annum. Five properties are being sold with full vacant possession. Vacant possession is also available at No. 6 Cook Street. The portfolio is available in one or more lots. The Irish Examiner, 17th June
Middle Abbey Street, Dublin 1 A private investor has acquired 94-96 Middle Abbey Street for €3m (7% NIY). It’s understood that the investor also owns other buildings on the street. The property first came to the market for €3.75m in 2023 but failed to sell. It was launched for sale once more last October at a discounted price of €3.4m by Colliers. The property extends to a total area of 9,348 sq. ft with retail accommodation at ground floor and basement levels, six apartments on the upper floors and a first-floor office. The ground floor and basement are let to City Electrical Factors at an annual rent of €100,000. The upper floors are generating €140,832 from six apartments, comprising a mix of two and three-bedroom units. The first-floor office space, which extends to 1,143 sq. ft, is vacant. The Irish Times, 17th June
Baggot Street, Dublin 2 43/44 Baggot Street Lower, a 4,998 sq. ft premises that housed the Star Bar pub has been bought by Padraic O’Kane. O’Kane is the co-owner of Fire Steakhouse & Bar and Sole Seafood & Grill, and hopes to re-open the venue in August. The property was offered at a public auction at Buswells Hotel, on March 5, with a guide price of €1.95m. The Business Post understands the property did not go above the asking price. The bar, once known as Larry Murphy’s, was previously sold in 2021 to Press Up Group for €1.7m. The sale was handled by joint agents Colliers and John P Younge. The Business Post, 16th June
OFFICE
Liosban Business Park, Galway City Harvey is guiding €2.25m for an office investment property at Centrepoint, Liosban Business Park. The asking price has been reduced from €2.8m. It benefits from a strong covenant as it is let to Galway County Council which is paying a rent of €280,000 per annum and at its current sale price that would equate to a NIY of 9.09%. With a lease extending for 10 years from December 2024, its next rent review is due in December 2029. Extending to 16,881 sq. ft, it is located mainly on first floor level plus a section of ground and a mezzanine floor at Centrepoint, which is a mixed-use building. It also comes with 60 car-parking spaces. Located on Tuam Road, Liosban is situated within a short drive of the city centre. The Irish Independent, 18th June
Fitzwilliam Square, Dublin 2 A private investor has paid in excess of the asking price of €2.6m (5.84% NIY) for a four-storey over basement investment property on Fitzwilliam Square. The property came to the market last October, and according to agent BDM Property, the sale has just closed. The sale of the four-storey property also includes a three-bed rear mews, which comes with the benefit of two-three car parking spaces. 16 Fitzwilliam Square extends to 3,960 sq. ft and is let in its entirety on a new 20-year lease with a stepped annual rent of €125,000, increasing to €140,000 in year three. The mews, which extends 770 sq. ft, is let on a two-year licence at an annual rent of €27,000. The Irish Times, 17th June
HOSPITALITY
Castletown Geoghegan, Co. Westmeath Middleton Park House in Castletown Geoghegan is guiding €1.5m which BidX1 will auction next Thursday. The guide price is a reduction on the €1.815m it was recorded as having sold for in 2023. At that time its asking price had included 19 acres whereas in the BidX1 auction next week it is described as standing on 17.3 acres. While it has functioned as a private home for most of its lifetime, it has for a time been a hotel and wedding venue and, with the hotel sector being one of the most active property sectors, it may have potential in returning to that usage. Extending to 35,000 sq. ft over its main house, Bell Tower Wing and Oratory Bedroom Wing, it contains 26 bedrooms, four reception rooms, ballroom, snooker room and library. It is being sold by Ardee Property Developments Ltd. The Irish Independent, 18th June
North Docklands, Dublin 1 Ronan Group has received planning permission from Dublin City Council (“DCC”) to develop a new 288-bed aparthotel development in Dublin’s North Docklands, which is to be operated by the Staycity Group. The group secured permission from the local authority for change of use for the site to an aparthotel, after it previously secured permission for an office block on the site. The 288-room, eight storey property will be located at Waterfront South Central at North Wall Quay and Mayor Street Upper, a 4.6 acre mixed-use scheme which is currently under development. Construction on the aparthotel is set to commence later this year and will bring the Wilde brand to Ireland for the first time. The Wilde Dublin is anticipated to open in 2029. The Business Post, 17th June
Dublin City DCC will increase the development levy applied to new hotels to €22.67 psf from July 1. The Irish Hotels Federation (“IHF”) said that for a development of around 215,278 sq. ft, that raises the charge from roughly €2.5m to €5m. Paul Gallagher, chief executive of the IHF, said the cost of delivering new hotel capacity is “already prohibitive” and that projects across the country are stalled as a result. Research by the IHF, published earlier this year, found that around 45% of hotel businesses with plans to add guestrooms have those projects on hold, with construction costs, access to finance, planning delays and slow utility connections all weighing on viability. Independent analysis prepared for the tourism sector this year and cited by the IHF points to a national shortfall of between 10,000 and 15,000 hotel bedrooms by 2031. The Business Post, 17th June
PURPOSE BUILT STUDENT ACCOMMODATION
Galway City Centre Elkstone has announced the completion of a 345-bed student accommodation development in Galway City Centre, which is set to open to students in September. The development, named Queen Street Place, will be operated by the UK student apartment platform Mezzino, while Irish-based Monami Construction served as the main contractor of the development. The development is spread across eight storeys. Amenities for residents includes a gym and fitness studio, rooftop terraces, a cinema room, study rooms, lounge areas, bicycle storage and a 24-hour security. The Business Post, 22nd June
RESIDENTIAL / DEVELOPMENT
Cherrywood, Dublin 18 A mixed-use development opportunity at the heart of Cherrywood in south Dublin has been brought to market by joint selling agents Savills and CBRE, guiding €40m, on behalf of owners King Street Capital Management and Hines. The site extends to approximately 8.65 acres and is located within the Cherrywood Strategic Development Zone (SDZ). The SDZ is a 388-acre masterplanned urban district with a projected population of more than 35,000 residents on completion. The site could accommodate a mixed-use scheme comprising more than 600 apartments, according to a feasibility study by architects Henry J Lyons and Allford Hall Monaghan Morris. The development also has capacity to include around 3,229,173 sq. ft of retail, leisure and complementary uses, subject to planning permission. Infrastructure works already completed include excavation to basement level and preparation for a basement car park. The Business Post, 17th June
Foxrock, Dublin 18 Joint agents Knight Frank and Sherry Fitzgerald are guiding €3.25m for Goleen, 5 Brighton Road, Foxrock. Goleen, previously the Dutch ambassador’s residence, is a detached property, extending to about 4,585 sq. ft on a 1.1-acre site. The large site offers potential for a residential development, with the selling agents pointing to its zoning and scale, given that there is “strong precedent for high-quality schemes in the immediate vicinity”, most notably the O’Flynn Group’s recently completed neighbouring Beckett Wood development. Under the Dún Laoghaire Rathdown Development Plan 2022-2028, the site is zoned Objective A residential, under which the objective is to provide residential development and improve and protect the existing residential amenities. The Irish Times, 17th June
Nationwide The Land Development Agency (LDA) has acquired sites capable of delivering almost 2,000 homes so far in 2026 according to a Business Post analysis. The LDA says it now has an overall delivery pipeline of more than 25,000 homes across projects at various stages of design, planning and construction. Since launching its private acquisition programme in 2023, it has secured land with capacity for over 14,000 homes, including major sites in Finglas, Clongriffin, Swords, Baldoyle, Cherrywood, Tallaght and Dublin’s Naas Road. The LDA has also expanded through state land transfers, securing sites in Cork, Leopardstown and Limerick. Projects are progressing across Dublin, Cork and Limerick, with thousands of homes planned or under construction. The agency expects to become Ireland’s largest residential developer by 2028. The Business Post, 18th June
Kilternan, Dublin 18 A plan to develop 135 homes at the foothills of the Wicklow Mountains has been appealed to An Coimisiún Pleanála after it was refused by Dún Laoghaire-Rathdown County Council (“DLRCC”). In December 2025, Durkan Glenamuck Developments Limited lodged plans for a large-scale residential development (LRD) on a 8.08-acre site at Glenamuck North. The scheme comprises of 135 homes, including 65 houses and 70 duplex units ranging from two to four storeys in height. DLRCC said it refused permission on the basis that the scheme failed to provide required vehicular, pedestrian and cycle links to adjoining lands at Glenamuck Manor to the south, according to planning documents. In its appeal, lodged last week through Thornton O’Connor Town Planning, the applicant disputed the council’s assessment. The Business Post, 18th June
OTHER
Savills Resilient Cities Index According to the Savills Resilient Cities Index, Dublin scores highly thanks to its economic and population fundamentals: skilled workforce; tech sector strength; liquid real estate markets and good ESG standings. The index measures cities that successfully balance economic goals with social and environmental objectives in ways that attract investors, developers and, critically, the individuals and businesses whose location preferences drive demand. Successful, resilient cities are deemed to be those that focus not just on roads and public transport networks, but also increasingly on social infrastructure such as public spaces and riverside regeneration projects. In the last survey, Dublin didn’t make the Top 20, but this year it is the single major European mover in the index, climbing up five places to number 16. London was 3, Paris was 7 and Berlin was 18. New York was number 1. The Irish Times, 17th June
Booterstown, Dublin 4 Capital Scene Unlimited has been denied permission to develop a 72-space car park by DCC. The proposed development comprised the demolition of the existing two-storey building on the site, Block two, Merrion House, currently vacant, and for the temporary provision of 47 car parking spaces in its place. The firm also sought temporary permission for the reconfiguration of the existing car park layout, resulting in a total of 72 car parking spaces on the site. DCC refused permission for the development, saying it would “give rise to increased commuting by private car,” and was therefore “contrary” to local planning policy. The development, the local council said, would set an “undesirable precedent for similar sites and uses in the city” and would be incompatible with local planning and sustainability policy of the area. The Business Post, 17th June
Drone Deliveries Drone aerial delivery operator Manna has announced it is ceasing delivery operations in Ireland to concentrate its growth on the US, UK and other international markets. The company said “the lack of a clear national framework has left the sector reliant on local planning processes and created uncertainty around the infrastructure required to support drone delivery at scale”. It said the US, UK, China and the UAE are “demonstrating rapid regulatory progress and strong commercial momentum”. The announcement comes after Manna’s plans for a drone aerial delivery hub in Dundrum, Dublin, were refused. DLRCC refused planning permission to Manna Drones Ltd for its planned hub on lands to the rear of Holy Cross Church in Dundrum. RTÉ.ie, 19th June
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