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
Sir John Rogersons Quay, Dublin 2 The Economic and Social Research Institute (“ESRI”) has engaged Lisney to find a buyer for its headquarter office in Dublin’s south docklands. Three Whitaker Square is being offered to the market with the benefit of vacant possession at a guide price of €10.5m. While The Irish Times understands the ESRI has yet to secure a new premises for its operations, it has looked provisionally at a number of potential options in Dublin city centre. Three Whitaker Square extends to a NIA of 25,254 sq. ft distributed over six storeys with eight basement car-parking spaces. The accommodation currently comprises fitted office space, meeting rooms, seminar facilities and staff amenities. The building is self-contained and occupies a prominent position in Dublin’s south docklands. The Irish Times, 30th September
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Grand Canal Street Lower, Dublin 2 Stripe’s former Dublin headquarters is being offered to let through BNP Paribas Real Estate and Savills. The One Building comprises a seven-storey over basement office building with a NIA of 46,144 sq. ft. The ground floor features a reception area and offices to the rear. The building’s floor plates typically extend to 7,136 sq. ft and offer prospective occupiers the benefit of being fully fitted. There are 44 car-parking spaces with 37 of these located at basement level and seven at podium level. Additional shower and bicycle facilities in the basement are undergoing a full refurbishment. In terms of leasing, the top two floors of the building are currently under offer to an international occupier, leaving the remaining floor area of 34,552 sq. ft available to lease over five floors in its entirety or on a floor-by-floor basis. While a quoting rent has not been set, the One Building is expected to command in the region of €62.50 psf. The Irish Times, 30th September
North Wall, Dublin 3 Knight Frank has brought Eastpoint Business Park’s Block F, a 42,988 sq. ft office investment, to market. The office is being offered for sale with a guide price of more than €4.75m. The property comprises three individual office buildings, F1, F2 and F3, extending to approx. 14,000 sq. ft each, together with 67 car parking spaces. The investment is 67% vacant with the occupied accommodation let to Jacob Douwe Egberts, Ecocem and Ecclesiastical, generating combined passing rent of €317,888 a year. Block F3 has recently been upgraded and is available for immediate occupation. The property has a WAULT of 2.42 years and a BER B rating. The Business Post, 30th September
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Donnybrook, Dublin 4 Argyle Square, a multi-let scheme comprising seven own-door office units located just off Morehampton Road is guiding €2.95m through Lisney. The development extends to 8,671 sq. ft of office space in total, along with 819 sq. ft of stores. The price equates to a NIY of 5.93% with a reversionary yield of approx. 7%. Argyle Square comprises seven self-contained two-storey office units, with six of the seven units let to tenants operating across the legal, professional services, telecommunications, security and interior design sectors. The WAULT is approx. 2.8 years, and all the leases are on full repairing and insuring terms. There is one vacant unit of 1,088 sq. ft which will provide the incoming owner with the opportunity for leasing and income growth. The investment also comes with 14 surface car-parking spaces. The Irish Times, 30th September
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INDUSTRIAL
Clondalkin, Dublin 22 Having paid approx. €27m to acquire Unit F, a large logistics facility at Kilcarbery Distribution Park, in late 2024, ICG Real Estate is seeking a new occupier for the property through CBRE. Located on a 10 acre site, the now-renamed Axis building extends to a total area of 223,674 sq. ft, with 21,990 sq. ft of this laid out as office accommodation. The site has extensive circulation space, along with an additional service-yard area extending to 1.75 acres, with yard depths ranging from 40m to 180m. The site and building layout lend themselves to accommodating two occupiers, with JMC Van Trans and PRL having previously occupied the space. ICG’s dedicated asset-management arm, Axel Logistics, is expected to complete a full refurbishment of the Axis building in Q4 of this year. The works will bring the property to a highly sustainable A BER rating with LEED certification. Kilcarbery Distribution Park occupies a readily accessible location and is situated just 3.5km from the N7, 5.5km from the N4 and 5.5km from Junction 9 of the M50 motorway. The Irish Times, 30th September
RETAIL
Half Moon St, Cork City JCD Group is planning to pump €3m into converting a vacant basement into a “destination entertainment venue” with a fully licensed bar. The new Cork city centre complex, contingent on clearance from planners, will include bowling lanes, pool tables, darts, karaoke, and a games arcade. Planning documents prepared by town planners Coakley O’Neill reveal the likely occupier is Lane7, an established UK leisure and entertainment brand, that already operates out of two Dublin premises. The riverside basement site has been assessed for flood risk by MMOS Consulting Civil and Structural Engineers and while they concluded that it is at risk of fluvial and tidal flooding, risk can be “managed and mitigated to acceptable levels” with the introduction of flood barriers/gates. The JCD Group, advised by Savills, has gone in for a change of use as the 24,000 sq. ft below-ground venue was originally earmarked for retail. The mixed-use development was acquired by a JCD-linked entity, Progressive Capital Investments ICAV, at the start of the year believed to be for approx. €30m. To date, new tenants at the upgraded building include financial software company, Empyrean Solutions, who relocated there from another JCD development on Penrose Quay. Kennedy Wilson paid O’Callaghan Properties €36.3m for the 115,000 sq. ft mixed-use development in 2019. Cork City Council is due to decide on the JCD application by November 17th. The Examiner, 30th September
RESIDENTIAL / DEVELOPMENT
Tallaght, Dublin 24 Located immediately adjacent to The Square shopping centre and within a short walk of both Tallaght University Hospital and TUD’s Tallaght campus, the former Woodies site (2.94 acres) has full planning permission for a residential-led mixed-use scheme and is guiding €5.9m through Hooke & MacDonald. The residential accommodation is across two blocks of up to seven storeys in height. Block A includes 49 senior-living apartments and communal amenity facilities, while Block B comprises 150 apartments. The approved units comprise a mix of studio, one-bedroom, two-bedroom and three-bedroom apartments. The approved commercial accommodation consists of 17 units with a combined area of 22,851 sq. ft which would be suitable for healthcare, retail, cafe, pharmacy, childcare and neighbourhood service uses. The site’s €5.9m guide price represents just a fraction of the €20m that was paid for it at the height of the Celtic Tiger era. A plan to develop 350 apartments on the site never materialised and the property was put back on the market in 2016 for €4.5m. The Irish Times, 30th September
Clonskeagh, Dublin 14 Roebuck House, a substantial period redbrick house comprising five fully let apartments in Clonskeagh, is seeking a buyer at a price of €2.25m. The investment, which is for sale through TWM, is generating gross rental income of €150,720 a year with the rents set at approx. 15% below the prevailing market rate. The accommodation at Roebuck House extends to an overall area of 6,000 sq. ft and is distributed across one three-bedroom and four two-bedroom apartments within a well-appointed, detached period redbrick house. Roebuck House is the centrepiece of a wider development known as Roebuck Court, with apartment buildings located either side of the subject property. The scheme occupies a prime location next to Clonskeagh village and close to UCD’s Belfield campus. The Irish Times, 30th September
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Leeson Street Lower, Dublin 2 A Georgian property, incorporating a two-bedroom mews apartment and parking space at the rear, has been brought to market for €2.15m. Colliers is handling the sale of 70 Leeson Street Lower and is offering it for sale with vacant possession. The four storey over basement mid-terrace building and self-contained mews residence extends to a NIA of 5,591 sq. ft. The main building accounts for 4,918 sq. ft, with a further 673 sq. ft in the mews apartment. The property’s Z8 zoning under the Dublin City Development Plan provides scope for a range of future uses, subject to planning permission. The Business Post, 30th September
Ringsend, Dublin 4 Lioncor has completed Batch House, a 323-home residential building at Glass Bottle in Ringsend, bringing the number of homes delivered at the scheme during 2026 to 675. Batch House was delivered on programme and completes Phase One at Glass Bottle. Lioncor has now delivered 887 homes at the scheme since November 2025. Phase Two has full planning consent for a further 586 homes across two blocks. Glass Bottle is a 37 acre regeneration of the former Irish Glass Bottle site within the Poolbeg West Strategic Development Zone and is being delivered by a consortium of Lioncor, Oaktree Capital, and Ronan Group Real Estate. On completion, Glass Bottle will provide approx. 3,800 homes for 10,000 residents, alongside more than one million sq. ft of commercial space and significant public realm. The scheme will provide a mix of social, affordable, rental, and owner-occupier homes, with 25% of the residential accommodation designated as social and affordable housing. Lauder Teacher Press Release, 2nd October
Donnybrook, Dublin 4 Cairn Homes Montrose Ltd is lodging plans with Dublin City Council this week for a new block comprising 117 further one- and two-bedroom units on the former RTE site. Cairn said the new development, Block 5, will replace initial plans refused by the planning commission in July 2023. At the time, An Coimisiún Pleanála ruled in a split decision that original plans for Block 5 were too tall for the area. The initial building ranged between nine and 16 storeys and proposed 80 residential units, a 192-room hotel, a restaurant and a gym. Cairn Homes has lodged revised plans for the block, proposing a scaled-down building ranging between eight and 13-storeys. The hotel use has been removed from the new plans, and the building will be fully residential over an active ground-floor restaurant or café. This will see the overall height of the building reduced from 55.6 metres to 44.6 metres. Cairn noted the block’s eight-storey shoulder would reflect the height of the adjoining Block 4 to the north, while the 13-storey element sits beside Block 9 and aligns with Blocks 7, 8 and 9 along the Stillorgan Road, where the permitted scheme is tallest. The Business Post, 2nd October
OTHER
Nationwide Deutsche Bank’s asset manager DWS is seeking to offload more than €300m of Irish property assets as it grapples with liquidity problems at several of its German property funds. The fund is on the cusp of agreeing a €220m apartment sale to Kennedy Wilson and has placed Westend Retail Park in Blanchardstown on the market with a guide price of €90m. DWS holds ownership of the two Irish property assets through separate real estate funds. The two funds had combined negative investor outflows of nearly €1.2bn in their respective reporting periods. The portfolio DWS is selling to Kennedy Wilson comprises 368 apartments spread across two apartment schemes in Dún Laoghaire, Cheevers Court and Haliday House, which DWS acquired in 2020 for €195m. Savills is handling the sale on behalf of DWS. DWS bought Westend Retail Park from Green Reit in 2018, for €147.7m. The shopping park is now valued at approx. €93m. The Business Post has established that the park generates an annual yield of 6.15% and rental income of more than €6m a year. Tenants include Next, Lidl, Sports Direct and Waterstones. The Business Post, 3rd October
Nationwide Investment volumes reached €649m in Q3, down 6.5% from the same quarter last year. However, the profile of activity shifted towards larger transactions, with 20 deals completing at an average size of €32m, compared with €20m a year earlier. Year-to-date investment has exceeded €2bn. The largest deal in Q3 was Greystar’s €180m sale of Quayside Quarter, a 268-unit PRS scheme in the North Docklands, to Quantum Immobilien. Quayside Quarter has been owned and managed by Greystar since its completion in 2019, with the deal marking Quantum Immobilien’s entry into the Irish market. The second largest deal was Marlet’s sale of The Shipping Office to BNY Mellon, for €160m. The third largest deal was DSV’s sale and leaseback of a portfolio of industrial assets to Realty Income for approx. €70m. Savills, 5th October