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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

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.

 

RETAIL

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

 

OFFICE

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

 

Industrial

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

 

Hospitality

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

 

MIXED USE

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

 

RESIDENTIAL / DEVELOPMENT

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

 

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


Origin Capital is a wholly owned subsidiary of LeBruin, a leading provider of corporate finance solutions.

Origin Capital funds senior debt transactions in the CRE investment sector, typically in excess of €2m.

If you would like to discuss how Origin Capital can help with your funding requirements, please contact us on 01 662 9264.

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.

 

RETAIL

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

HOSPITALITY

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

 

OFFICE

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 

 

Industrial

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

 

MIXED USE

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

 

RESIDENTIAL / DEVELOPMENT

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

 

OTHER

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 

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


Origin Capital is a wholly owned subsidiary of LeBruin, a leading provider of corporate finance solutions.

Origin Capital funds senior debt transactions in the CRE investment sector, typically in excess of €2m.

If you would like to discuss how Origin Capital can help with your funding requirements, please contact us on 01 662 9264.