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
Templeogue, Dublin 6W The Dublin GAA County board has placed the commercial element of the Spawell complex on the market through Bannon guiding €7m, with proceeds earmarked to fund its new state-of-the-art training facility on the remaining lands. Extending across 6.9 acres, the 56,000 sq. ft commercial portion comprises a licensed premises, retail and office spaces, a garden centre, sports and leisure facilities, and extensive surface parking. Currently generating an annual rental income of approx. €153,000, it is zoned for local centre use under the South Dublin County Development Plan with flexibility for healthcare, senior living, or a potential hotel development. The high-profile landholding is being offered by private treaty with a best-bids deadline of Thursday, December 10th. The Irish Times, 28th October
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Ballsbridge, Dublin 4 A mixed use investment property opposite the RDS has been brought to the market by BDM Property with a guide price of €3.6m for the entire (Lot 1), or €3.2m excluding an adjoining cottage (Lot 2). Currently generating a combined annual rental income of €265,090 from established tenants Ladbrokes, Base Pizza, Baan Thai, and the residential cottage, the property also features vacant upper-floor office space. There is longer-term potential for residential development following a previous planning permission for eight units across the rear yard, cottage, and upper levels. The Irish Times, 28th October
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Dame Street, Dublin 2 A five-storey over basement mixed use property at 18 Dame Street has been brought to the market by McNally Handy with a guide of €1.9m. Generating a combined annual rental income of €156,000 from tenants including Kathmandu Kitchen, City Education Group and City Therapy, the property delivers a NIY of 7.47% alongside a WAULT of nine and a half years. Occupying a prominent position near Temple Bar and South Great George’s Street, the building features cellular offices, ground-floor restaurant accommodation with rear access onto Dame Lane, and a vacant top floor extending to 563 sq. ft that offers potential for refurbishment and yield enhancement. The Independent, 29th October
Cherrywood, Dublin 18 Prime Arena Holdings has submitted a planning application to Dún Laoghaire-Rathdown County Council for a €250m multi-purpose arena in Cherrywood. Designed by global sports architecture practice Populous, the venue will accommodate an ice hockey seating capacity of 8,000 and a maximum capacity of 10,500 for music concerts and events. The project includes two Olympic-sized ice rinks, public food and retail concourses, athlete facilities, and a separate five-storey, 15,070 sq. ft (1,400 sq. m) aparthotel featuring 20 studio units. Backed by high-profile sports and entertainment figures alongside NHL investor support, the scheme is projected to generate over 262,000 annual hotel bed-nights and contribute approx. €350m each year to the Irish economy upon completion. The Business Post, 29th October
INDUSTRIAL
Ashbourne Business Park, Co. Meath Lisney has brought Unit 20 at Ashbourne Business Park to the market with a guide price of €6.75m. Fully let to Oasis Document and Data Management under a 20-year full repairing and insuring lease from January 2020 with no tenant break option, the modern 40,788 sq. ft high-bay industrial and logistics facility features a 14.9m clear internal height, five floors of high-density archive storage, and a B BER rating. The property currently generates €460,000 in annual rental income, delivering a NIY of 6.2% at the guide price, which is scheduled to increase to €529,000 in January 2030 and raise the yield to 7.13%. Located 20km north of Dublin along the N2/M2 corridor near the M50, the asset is supported by a parent company guarantee. The Irish Times, 28th October
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Retail
Opera Lane, Cork Pan-European commercial property investor M Core has acquired Opera Lane for between €20m and €30m, marking its second investment in the Irish market following its 2025 purchase of the Arena Centre in Tallaght. Developed in the mid-2000’s by O’Callaghan Properties, the 107,251 sq. ft open-air retail scheme features 12 units linking St Patrick’s Street with Emmet Place and has prominent tenants such as H&M, Next, Tommy Hilfiger, and Victoria’s Secret. While the closure of a former New Look unit left a vacancy, letting agents Savills are engaged in talks with potential replacements. The transaction represents one of Cork’s most significant commercial deals this year, aligning with M Core’s broader European growth strategy and ambitions to expand its €6bn portfolio further across the Republic. The Examiner, 29th October
Naas Road, Dublin 22 MCD Property is guiding €2.95m for a high-profile motor showroom on a self-contained 0.8-acre site at the Red Cow Interchange. Extending to 10,750 sq. ft, the property is currently let to AHE Motors Limited (trading as Leinster Motor Group) under a four-year-and-nine-month lease from March 2024 at a passing rent of €180,000 per annum, which delivers an initial NIY of 5.51%. Situated opposite the Red Cow Luas park-and-ride facility, the tenant has signed a deed of renunciation, offering incoming investors or owner-occupiers potential for alternative uses – such as hotel, motor sales, or retail warehousing – under its Objective EE (Enterprise and Employment) zoning. The Business Post, 2nd November
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
HOSPITALITY
Glangarriff, Co. Cork The historic Eccles Hotel in Glengarriff has been acquired by US hospitality investor Brian Patrick Martin for close to €4m, marking his first venture in the Irish market. Brought to the market by CBRE Hotels in July 2024 on behalf of hoteliers Ray Byrne and Eoin Doyle, the property is one of Ireland’s oldest continuously operating hotels, tracing its history back to 1745 and hosting notable literary figures such as George Bernard Shaw and W.B. Yeats. The hotel and spa facility features 59 bedrooms and suites, a restaurant, a bar, conference spaces, and treatment rooms following recent extensive refurbishments. Strategically positioned along the Wild Atlantic Way approx. 90km from Cork city, the landmark property offers the new owner an established trading performance and potential for continued growth. The Examiner, 30th October
Lisdoonvara, Co. Clare The historic Royal Spa Hotel in Lisdoonvarna has been placed on the market by Sherry FitzGerald McMahon with a guide price of €1.25m following the retirement of the Doherty family after 46 years of ownership. Tracing its roots back to 1832 and deeply embedded in Irish musical and social history, the landmark Victorian spa hotel is celebrated as the venue where musician Christy Moore penned his hit song “Lisdoonvarna” and performed alongside numerous prominent artists. Extending to approx. 11,313 sq. ft, the 12-bedroom hotel features a bar, café and dining spaces, an entertainment ballroom with a capacity for 200 standing guests, an outdoor covered pergola, and potential to add four to five further ensuite rooms subject to planning permission. The Independent, 30th October
Irishtown Road, Dublin 4 The Vintage Inn, a long-established, family-run pub on Irishtown Road, has been brought to the market by BDM Property with offers in excess of €1.5m sought following more than 55 years of ownership by the Gleeson family. Extending to approx. 2,982 sq. ft across two storeys, the turnkey licensed premises features a ground-floor traditional lounge bar and snug, customer toilets, an outdoor side beer garden with a retractable awning, cold storage, and rear smoking areas. The upper floor houses a fully equipped catering kitchen, office, stores, and a one-bedroom owner’s apartment. Located between Ringsend and Sandymount near the Aviva Stadium, Lansdowne Road DART station, and the major Glass Bottle urban development scheme, the property offers an incoming operator strong existing local trade and event-driven business. The Business Post, 27th October
OFFICE
Grand Parade, Dublin 6 Union Investment is nearing full occupancy at Two Grand Parade, a 106,000 sq. ft platinum LEED, A3-rated office building, following three new lettings. PTC Therapeutics, Video Elephant, and Azorra have each signed 10-year leases for individual floors of approx. 5,185 to 5,195 sq. ft, agreeing to rents in excess of €60 psf with CAT A+ fit-outs included. The building, developed by Hines and Peterson Group and acquired by Union Investment via a forward-funding deal in 2020, formerly served as the headquarters of the Irish Nationwide Building Society and features a design by Henry J Lyons Architects. The latest tenants join existing occupiers such as McKinsey & Company, KDB Ireland, and Element Fleet Management, with the final two floors currently under offer and expected to complete later this year through joint letting agents CBRE and Cushman & Wakefield. The Irish Times, 28th October
Earlsfort Terrace, Dublin 2 The Ireland Strategic Investment Fund (Isif) has committed €100m in new equity to Iput Real Estate to fund the development of 29 Earlsfort Terrace as part of Iput’s broader €500m Grade A+ office expansion strategy. The investment deepens Isif’s existing relationship with the Dublin commercial property firm, which manages a prime office and logistics portfolio valued at approx. €2.7bn. Having raised over €400m in new equity year-to-date in 2026, Iput will utilize the capital to deliver a significant addition to Dublin’s sustainable Grade A office stock, following its earlier launch of a €230m sub-fund to develop 1.5m sq. ft of logistics space at Nexus Logistics Park. The Business Post, 2nd November
RESIDENTIAL / DEVELOPMENT
Herbert Road, Dublin 4 Hooke & MacDonald has brought a substantially completed residential mews development near Sandymount village to the market with a guide price of €2.5m. Located near the Aviva Stadium and Ballsbridge, the scheme comprises three properties arranged over two storeys above basement level, including a 1,173 sq. ft one-bedroom mews and two two-bedroom mews measuring 1,442 sq. ft and 1,485 sq. ft respectively, each featuring open-plan living areas and private rear gardens. With core structural works completed, including secant piled walling, reinforced concrete, podium structure, and basement infrastructure equipped with five car-parking spaces, a car lift, and a vehicle turntable, the project offers incoming buyers the opportunity to finish a prime Dublin 4 residential scheme under existing full planning permission. The Irish Times, 28th October
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Dún Laoghaire, Co. Dublin A refurbished pre-1963 residential investment property at 91B George’s Street Lower has been brought to the market by Cushman & Wakefield with a guide price of €3.3m with vacant possession. Consisting of 10 one-bedroom apartments and two studios within a Georgian structure, the B-rated scheme delivers an NIY of 7% after standard purchaser’s costs and has the potential to generate approx. €285,000 in gross annual rental income. The property has undergone a comprehensive refurbishment, including updated wiring, plumbing, insulation, fire safety infrastructure, modern kitchens, replaced bathrooms, and centralised utility servicing, offering an incoming investor a clean slate to establish a new tenancy strategy in a premier coastal location. The Business Post, 30th October
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Cabra, Dublin 7 The site of the former Matt Whelan’s public house on Fassaugh Avenue has been brought to the market by CBRE on instructions from receiver Grant Thornton with a guide price of €7.5m. Extending across 1.26 acres, the shovel-ready site is being sold with full planning permission under the Large-Scale Residential Development process for a purpose-built student accommodation scheme comprising 249 bed spaces across two blocks, alongside 30,903 sq. ft of outdoor amenity space. Situated near TUD’s Grangegorman campus and 750 metres from the Cabra Luas Green Line stop, the site is predominantly zoned for sustainable residential neighbourhoods and offers incoming developers immediate potential to address strong regional student housing demand. The Irish Times, 28th October
Arklow, Co. Wicklow Castlethorn Construction has acquired a site in Arklow with an initial plan to build up to 500 homes. The Sunday Times understands the land at Tinahask Upper, close to Arklow golf club, could ultimately accommodate up to 1,000 homes. Castlethorn announced in August that it had secured a €125m investment from Avenue Capital. The company has been very active in the land market in recent months, focusing on the greater Dublin area. It plans to build more than 7,000 homes and is also a prolific landholder in Co Wicklow with sites in Ashford, Bray and Arklow. Castlethorn applied to Wicklow County Council for planning permission last week for phase one of the Arklow development, after completing the acquisition of the site. It wants to amend a current planning application submitted by the site’s previous owners, Tom and Pat Redmond, in 2024. The Sunday Times, 1st November