Mount Falcon Estate, Co. Mayo The four-star Manor House Hotel and its 95-acre estate is being offered for sale on behalf of the Maloney family by CBRE, seeking in excess of €10m. Mount Falcon comprises 32 guest bedrooms in the principal Manor House along with 45 guest lodges distributed across three areas, The Woodlands, The Courtyard, and the Lakeside that are within the wider estate. The hotel owns 17 of these lodges and, together with some of the lodges they lease, there is additional accommodation for a further 118 guests. The Manor House was designed in 1872 and was completed in 1876. Acquired for a reported €3.5m in 2002, the property and its estate underwent a multimillion-euro restoration over three years and opened for business as a luxury country-house hotel in 2006. Mount Falcon’s guest accommodation is complemented by the Kitchen Restaurant, The Boathole Bar, a 17m indoor pool, the Elemis spa and a range of conference and banqueting facilities including the Fuller Room, which has capacity for up to 200 guests. The Mount Falcon Estate comes with 3.2km of double-bank salmon fishing on the adjoining River Moy. The Irish Times, 8th July
Cardiff Lane, Dublin 2 JLL, on behalf of Oakmount, is guiding €6.25m for a newly developed office building in Dublin’s south docklands. The figure represents a substantial discount on the amount Oakmount spent on the acquisition of the building’s site and its subsequent development. The Irish Times understands the proceeds of the sale will be used to repay the lender on the project. Developed on the site previously occupied by the Crown Decorating Centre, 2 Cardiff Lane comprises 7,420 sq. ft of grade A office accommodation distributed over nine storeys, with a ground-floor retail unit of 751sq. ft. The building’s office floor plates range in size from 791 sq. ft (penthouse) to 846 sq. ft on the lower floors. The Irish Times, 8th July
Harcourt Street, Dublin 2 A private investor has purchased the historic Clonmell House on Harcourt Street for €3.7m. The four-storey over-basement Georgian building extends to approximately 8,811 sq. ft and comes with a two-storey mews together with 10 secure car-parking spaces accessed via Montague Lane. In May 2025, when it was launched on the market guiding €4.5m, The Irish Times reported that its basement and the first floor of the mews was let to Vaugirard under two separate leases with the basement in use as a bar and nightclub. It also said that both leases were for a term of 25 years from January 2016, with a passing rent of €55,700 and €8,000 respectively. The Irish Independent, 9th July
Stephen Court, Dublin 2 Mason Hayes & Curran is expected to conclude a lease agreement with Irish Life, the owner of the Stephen Court building, in the coming months. Stephen Court Limited, a subsidiary of Irish Life Assurance, received planning permission from Dublin City Council (“DCC”) in 2023 to demolish the building that housed Anglo’s headquarters, and build a seven-storey office block in its place. The project to revamp the building will increase its size from 151,000 sq. ft to 228,000 sq. ft. As part of its efforts to secure new office space, Mason Hayes & Curran was told it would be required to pay 15% – 30% more than the market rate to secure a space in Dublin 2. It is understood that market prime headline office rents currently sit between €65 and €67.50 psf. CBRE said in January that headline rents would need to rise to at least €75 psf “to support the viability of new construction”. The Business Post, 11th July
Dundrum Town Centre, Dublin 16 Dundrum Town Centre will be home to Ireland’s first Zara Home outlet later this year after the brand confirmed plans to significantly expand its Irish footprint. The new 15,854 sq. ft store will occupy a “prime location” in Town Square and will serve as a new anchor brand in the Pembroke District. It comes on the back of Zara’s ongoing major expansion and refurbishment of its existing store inside Dundrum Town’s main centre, increasing its footprint by 43% from 26,300 sq. ft to 37,700 sq. ft. The Business Post, 9th July
Deansgrange, Co. Dublin The German retailer Lidl will close its Deansgrange outlet with BNP Paribas guiding a price of €4m. The subject property comprises a retail unit of 14,402sq. ft along with a 120-space double-basement car park on a 0.99 acre site. Although the premises is occupied by German discount retailer Lidl at present, full vacant possession will be provided by Q4 of this year. The property is zoned ‘ZC’ Neighbourhood Centre under the DLRCC Development Plan, offering the incoming owner flexibility for a wide range of retail and commercial uses, subject to the necessary planning requirements. The Irish Times, 8th July
Navan, Co. Meath The Navan packaging facility occupied by Irish confectionery brand Lir Chocolates has been brought to the market by Colliers who are guiding €2.6m for the premises. Price equates to a capital value of €94 psf. Lir Chocolates Limited has been over holding for more than a year on an expired nine-year lease which dates from April 2016. Last October, the Irish Independent reported that the UK is Lir’s biggest market accounting for 69% or €28.83m of its 2024 revenues while the Republic accounted for 8%, or €3.44m, of its turnover. Unit 2 Navan Business and Technology Park is a modern detached industrial facility extending to 27,594 sq. ft gross external area comprising 19,769 sq. ft of warehouse accommodation and 7,501 sq. ft of modern two-storey office accommodation. The business park itself sits on a 91-acre site in Athlumney, Co. Meath. The Irish Independent, 9th July
Abbey Street, Dublin 1 Jervis Shopping Centre’s new owners have sought permission to make further changes to create space for a new leisure and retail offering. Last year, the 247,569 sq. ft shopping centre was acquired by UK-headquartered retail investor Pradera and Connecticut-based Cross Ocean Partners for close to €115m. The new owners have lodged plans with DCC to make changes to the development, which has a vacancy rate of close to 30%. A planning application lodged this week is for permission to subdivide a 38,341 sq. ft unit previously occupied by fashion retailer New Look into two units. The space has been vacant since New Look’s liquidation in February last year. The application said one of the new units created would span 23,465 sq. ft and be used as an amusement and leisure facility, with scope for retail, restaurant and bar facilities. The second unit created would remain in retail use. The application did not clarify which business has agreed to lease the leisure space. It said the expected tenant had intentions to provide amusements, including bowling alleys, mini electrical go-karts, mini golf, arcade games and pool. The centre’s owners applied for permission in recent weeks to convert a long-vacant unit into a restaurant space. The 15,069 sq. ft unit on the first floor was previously occupied by US youth fashion retailer Forever 21 until it closed its Irish business in January 2018. The Irish Times, 9th July
Baggot Street Upper, Dublin 4 The Upper Leeson Street Area Residents’ Association (ULSARA) is objecting to plans to convert a vacant retail unit into a gastropub on the ground floor, with three residential units on the upper floors, at 21 Baggot Street Upper which was formerly a Weirs hardware store. In its objection, ULSARA states that there were 28 ground-floor retail outlets trading on the street, of which 17 are already hospitality outlets: 11 are restaurants or fast food restaurants, three are pubs and three are coffee shops. The Pembroke Road Residents Association and the Upper Baggot Street Traders Association have also raised similar concerns. The Irish Times, 13th July
Savills Q2 Report The accumulative take-up in the second quarter reached 619,000 sq. ft across 14 deals, marking a 13% increase year-on-year. While the same number of deals was also recorded in the same period of 2025, the average deal size was up this year to approximately 44,200 sq. ft. Ireland’s vacancy rate remained at 2.8%. Meanwhile, a trend towards smaller, lighter units continued this quarter with an average completion size of 24,900 sq. ft, compared to 96,000 sq. ft across 2025. The industrial sector also benefited from occupiers working in information and communications technology, which included data centre related businesses. According to the report, take-up is expected to continue its incline moving into the latter half of the year, with more than 1m sq. ft currently reserved across vacant and pipeline stock. The Irish Times, 9th July
Blackrock Road, Cork A prime development site on Cork city’s ‘Millionaires’ Row’ with planning permission for 48 homes has been launched to market through Cohalan Dowling with a €4m guide price. The 1.5 acre plot on the city end of Blackrock Road near Ashton Park is adjacent to former Society of African Missions house Feltrim, a period property on three acres that sold at the end of 2024 for €6m. A planning application has so far not been lodged for the redevelopment of the Feltrim lands, although it’s understood the preference is for detached, high-end homes. The latest €4m market arrival on Blackrock Road is being sold by Wicklow-based Dwellings Development Blackrock Road Ltd. Having acquired the Blackrock Road site off-market for a rumoured €3m-€3.5m (c€2m per acre) in 2022, the company subsequently sought permission to develop the land in July 2023 and cleared the final planning hurdle on appeal in January last year, paving the way for the construction of 44 mews apartments, spread over one five-storey and one six-storey block, as well as four three-storey, four-bed mews houses. The Examiner, 8th July
Carrigaline, Co. Cork Cork County Council (“CCC”) is the new owner of Avondale Park, the former home ground of Avondale United Football Club, in a deal valued at €2.5m. The 4.62-acre site, in an area with favourable zoning for housing, could accommodate up to 70 homes based on current guidelines. The closure of the deal has released funds to the club to press ahead with the development of alternate lands on the Carrigrohane “straight” road closer to Cork City, leased from CCC for a peppercorn rent. The club lodged a planning application in May to develop a new sporting infrastructure at the Carrigrohane site, to include one full-size artificial pitch, one full-size natural grass pitch, and floodlighting for both pitches and training areas, as well as upgrades to an existing car park. Avondale Utd had played in Carrigaline since 1986. The Examiner, 9th July
Sutton, Dublin 13 German investor MEAG has purchased another Dublin property investment with the purchase of an apartment complex with 140 units in Sutton. The Seafield Strand development comprises six residential blocks with a total of 140 apartments and a preschool. The apartments consist of 108 two-bedroom units with the remaining properties made up of one and three-bedroom apartments. MEAG was advised on the transaction by CBRE. It follows MEAG’s purchase of another residential investment, 18 Newmarket Square in the Liberties, for €75m and its more recent acquisition of One Molesworth Street, which includes the Ivy Restaurant on Dawson Street, for €110m. The Irish Independent, 9th July
Kildare town, Co. Kildare Ready-to-go site with full planning permission for 20 houses has come to the market on the edge of Kildare town with Coonan Property guiding €1.8m for it. Extending to approximately 2.15 acres, its planning permission from Kildare County Council (“KCC”) permits the development to consist of two detached houses, 10 semi-detached houses and eight terraced houses. KCC granted planning permission in August 2024 to Glencresent Property Ltd for the development. Glencresent undertook some initial works including foundations for six semi-detached houses and secured an agreement with KCC for the contribution waiver. Subsequently, Glencresent put it up for auction in March 2025 with a €1.4m guide price and auctioneer Coonan sold it after auction for over its guide price. The property developer who purchased it negotiated a connection agreement with Irish Water. The owner then decided to sell it as it reviewed the company’s growth strategy after it secured opportunities to upscale other development projects. The Irish Independent, 9th July
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Nangor Road, Dublin 12 Quinn Agnew is guiding €1.95m for Block E, Westland Business Park where the top two floors are let. These first and second floors are generating a passing rent of €145,000 pa with the lease expiry on those floors extending for 20 years from August 2024. In all, the three-storey building extends to 13,568 sq. ft and comes with 40 designated car-parking spaces. Completely refurbished, the office block is laid out with both open-plan and cellular offices as well as meeting rooms to match. The first and second floors are occupied by H+K International, a provider of integrated equipment and service solutions to the restaurant and retail industries. Having been fully refurbished with raised-access carpeted floors, suspended ceilings and LED lighting, each floor is equipped with a kitchenette, staff welfare facilities and lift access to each floor. The Irish Independent, 2nd July
Leasing Activity Over 400,000 sq. ft of office space was signed for in Q2 according to a report from Knight Frank. The steady pace of leasing in the period April-June means total take-up for the first half of the year came to almost 800,000 sq. ft. This is in line with the average achieved across the preceding five half-year periods. Half of the space taken during the six months was located in Dublin 2, which will add further pressure to current supply and future availability of space in this location. The largest space reserved was 100,000 sq. ft at 160 Townsend Street for which Enterprise Ireland agreed terms. The authors of the report point to a strong pipeline of reserved space, with 1.1m sq. ft agreed, half of which is focused on Dublin 2. One of the largest outstanding deals is artificial intelligence firm OpenAI’s move to the Tropical Fruit Warehouse on Sir John Rogerson’s Quay. The former warehouse had been earmarked for TikTok, but OpenAI is now set to take up its 88,000 sq. ft of space. Forecast total take-up will reach 2.0-2.2m sq. ft for the year. Given the ongoing strong steady demand for space, the pace of rental growth will accelerate, with prime rents expected to be €70 psf by year-end and at least €75 psf for pre-lets. The Irish Times, 1st July
Henry Street, Dublin 1 Zara will almost triple the physical footprint of its Dublin flagship store under new plans to revive its presence on Henry Street. Under the plans, due to be completed in the final quarter of the year, the store will be its biggest in Ireland. The Spanish fashion giant in September 2024 closed its 20,000 sq. ft. store on Henry Street, in the old Debenhams building, saying it intended to reopen the premises in the future. The Business Post understands Zara’s Henry Street store will reopen towards the end of 2026, with the retailer set to occupy the entire basement of the Debenhams store as well as the upper floors of its previous space. The 210,000 sq. ft. building has been redeveloped in recent years, having been bought by Mike Ashley’s Frasers Group in 2024. Sports Direct, also owned by Ashley, is planning to open a flagship store there in the near future, alongside a 27,544 sq. ft gym, which will be the first opened by the group in the south of Ireland. The Business Post, 1st July
Rosses Point, Co. Sligo The owners of the Glasshouse hotel in Sligo town have bought Yeats Country Hotel Spa & Leisure just a few kilometres down the road. The Rosses Point hotel was owned by Fiona McEniff, who is thought to be retiring out of the trade. Michael O’Hehir and Ronnie Greaney, long-term business partners, are believed to have purchased the 98-bedroom hotel for €7m. The duo developed and opened the Glasshouse, then known as the Silver Swan hotel, in 2003. The Yeats Country Hotel has been closed since 2023 to accommodate Ukrainian refugees. However, the last of the residents were due to move out of the hotel in June, as the Department of Justice closes accommodation centres around the country. Before its closure, the business operated as a four-star hotel with a swimming pool, spa and leisure club. The hotel was put on the market in 2024 but did not sell. It has an oceanfront location, overlooking Coney and Oyster islands. The Sunday Times, 5th July
Hotel Performance Dublin hotels are outperforming most of their European counterparts in terms of revenues and occupancy levels according to a new report from Savills. Revenues per room (RevPAR) in Dublin reached €148 in the 12 months to April this year while occupancy levels reached 84.1%, well above the European average of 71.7% and ahead of major gateway cities. Only Edinburgh outperformed Dublin in terms of occupancy at 85% and RevPAR, at £141 (€163). The research found Dublin recorded 146 nights where hotel occupancy exceeded 90%, known in the hotel industry as compression nights because demand leaves very little bedroom capacity available. The report also highlights the continued importance of the US market, with American visitors accounting for around one-fifth of overseas visitors to Ireland while generating 41% of international tourism expenditure. This high-spending visitor base continues to support premium room rates, luxury accommodation and year-round demand. The Irish Independent, 2nd July
Rathgar, Dublin 6 A prime residential development opportunity has come to the market quoting in excess of €6m. The former Murphy & Gunn Hyundai dealership, at the corner of Kenilworth Square and Rathgar Avenue, last came to the market in 2021 quoting €8.5m. At the time, a feasibility study suggested the site could accommodate a scheme of 90 apartments, subject to planning permission. This time around the site, which extends to approx. 0.8 acres and no longer includes 45 Kenilworth Square, is being offered to the market by Knight Frank and benefits from planning permission for the demolition of all structures on site and the development of 19 residential units across a mix of houses, apartments and duplexes. The proposed scheme includes a three-bedroom plus large study mews house, three four-bedroom mid-terrace houses and one four-bedroom end-of-terrace house. The scheme includes seven ground-floor, two-bedroom apartments, ranging from approx. 769 to 789 sq. ft, and seven three-bedroom duplexes. The Irish Times, 1st July
O’Connell Street, Dublin 1 Support for a state acquisition of the landmark Carlton Cinema site on O’Connell Street is growing after being left vacant for almost 32 years, as politicians across parties rally against dereliction. The site’s location at the heart of the capital’s main thoroughfare has made it the poster child for the problem of derelict properties in Dublin city, due to decades-long legal issues that have stymied its development. The cinema closed in October 1994 and has remained vacant ever since. O’Connell Street’s issues were laid bare last week after travel bible Lonely Planet described the area as a “troubled street”, highlighting vacant buildings, dereliction and long-stalled redevelopments. The Irish Independent, 6th July
Various JLL is guiding €650,000 for a development site at 32 Hatch Street, close to the junction of Leeson Street and Hatch Street in Dublin 2. Extending to 0.03 acres, it benefits from 10 metres of frontage onto Hatch Street Lower. While the site does not currently have planning permission, it presents an opportunity for redevelopment as a small-scale infill residential or guesthouse scheme. In Finglas, the site of the former Drake Inn pub was sold at a BidX1 auction for €806,000 or 34% over its €600,000 guide price. It came with permission for 25 apartments. In 2023 it was guiding €1.5m and in 2024 the vendor, a company named Mulsh Sarl, received permission for a retail unit and cafe along with eight one-bedroom apartments, 11 two-bedroom units and six three beds. Near Kildare town, an 11.8 acre land holding sold for €500,000 or the equivalent of €42,000 per acre at a Coonan Property auction. That was about 25% more than the €400,000 guide price. It is believed to have been bought by a local landowner. The Irish Independent, 2nd July
Home Building Programme Dublin City Council (DCC) is seeking builders to participate in a €2.5bn house building programme across the capital over a four-year period. In a notice published on Monday, DCC states that it intends to establish two four-year contractor multiparty framework agreements “for the delivery of a significant programme of housing projects”. This will utilise primarily the design and build (DB) delivery model. An estimated value of €2.5bn has been placed on the works. The council said 26 sites comprising approx. 4,000 residential units have been identified for inclusion in the scheme and further sites may be added. DCC has already secured planning permission for 13 of the sites and obtaining planning consents will be its responsibility for the remaining sites. Among the sites where DCC has secured planning permission are 167 units for Stanley Street in Dublin 7; 171 homes for Basin View in Dublin 8; 171 units for Cherry Orchard Avenue in Dublin 8; 288 properties for Ballymun LAP site, and 110 units for the Church of Annunciation in Finglas. The Irish Times, 6th July
Q2 Investment More than €1bn worth of investment property deals were done in Q2 according to the latest provisional figures compiled by CBRE. This represents the strongest second quarter since 2022, driven by a large industrial portfolio sale, Horizon Logistics Park, and also supported by healthy activity across other sectors including offices and residential. The figure brings to approximately €1.5bn the total value of deals done in the first half of this year which is nearly 70% ahead of the same period last year. Henderson Park’s sale of Horizon Logistics Park in north Dublin for €500m was one of the largest individual property transactions ever recorded in the Irish market. It was purchased by Singapore-based GIC in partnership with Valor and accounted for approx. 50% of the total Q2 investment. A second Henderson Park sale contributed to office investment activity as the UK-based investor sold One Molesworth Street, Dublin 2 for €110m. Best known for the upmarket Ivy restaurant on its ground floor at the corner of Dawson Street and Molesworth Street, this mainly office building was purchased by MEAG, the investment management arm of Munich Re. The Irish Independent, 2nd July
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Trim, Co. Meath FBD has agreed to buy Knightsbrook hotel, the Sunday Times understands. The hotel was put on the market in April for €25m, and hotel industry sources say it has achieved that figure. FBD, a farmer-owned investment company, is the largest shareholder in the quoted insurer FBD Holdings. It already owns five hotels in Ireland, including the Castleknock hotel, the Heritage in Killenard and Faithlegg in Waterford. The company owns two hotels in Spain and has a residential property development at La Cala with Taylor Wimpey. The acquisition of Knightsbrook will bring the number of hotel rooms in its portfolio to over 1,500. Knightsbrook has 131 rooms and 28 self-catering holiday homes. On 172 acres, the property also has an 18-hole golf course and a spa. The hotel has been run by the Cusack Hotel Group but since 2017 has been owned by a group of investors who bought it for €19.5m. It was being pitched by property agents as having “significant potential”, with “target capital investment”, to be repositioned as a destination resort. The Sunday Times, 28th June
Lucan, Co. Dublin Having failed to find a buyer when it was offered for sale for €5.25m on behalf of Oakmount in 2024, the Foxhunter pub has returned to the market guiding €3m. The sale is being handled by joint agents Colliers and John P Younge on behalf of receivers Interpath. While the €3m now being sought for the Foxhunter matches the price paid by Oakmount for the pub and its adjoining 1.06-acre site in 2019, the property had been dormant when they acquired it. On this occasion, the investment is underpinned by a 25-year FRI lease to Rocket Fusion Ltd from September 2019, providing a secure annual income of €275,000, with five-yearly rent reviews. A former company within the Press Up group, Rocket Fusion now forms part of Eclective, the group established in 2024 by London-based finance firm Cheyne Capital. The Foxhunter comprises a substantial licensed premises (16,264 sq. ft) along with two restaurants trading as Elephant & Castle and Wowburger respectively. The venue also includes a private function room with its own bar and outdoor terrace. The property also has two self-contained two-bedroom apartments at first-floor level. The Irish Times, 24th June
Brick Yards, Dublin 1 A new “world-class” entertainment venue is being planned for Dublin’s north docklands by Ticketmaster owner Live Nation, Gaiety Investments and US firm Oak View Group. Live Nation confirmed to the Business Post that the partners are in the “early stages” of planning the venue at the recently acquired Brick Yards site in the docklands. The eight-acre site, now known as Merchants Yard, was bought off-market for close to €90m, according to The Irish Times. It was previously brought to market by Savills Ireland in 2021 for more than €80m. The proposed entertainment venue is expected to host a venue larger than the 3Arena, though detailed plans have yet to be finalised. Live Nation formed a new company in Ireland called Live Nation Brickyards Limited, with €35.4m put into the company by investors to date. Gaiety Investments is led by Irish concert promoter Denis Desmond and his wife Caroline Downey, while Oak View Group is a US entertainment company headquartered in Colorado. The Business Post, 25th June
Warrenpoint, Co. Down The seafront Whistledown Hotel has come to the market and CBRE Hotels is guiding in excess of £2.5m (approx. €2.9m) for it. Overlooking Carlingford Lough and framed by the Mourne Mountains, the hotel extends to approx. 18,775 sq. ft. and 21 boutique bedrooms. Full planning permission has also been secured for a sea-facing garden terrace, while additional expansion opportunities include enhanced meeting and event facilities. The sale also includes a vacant, ground floor retail unit located across the street from the hotel which offers potential for redevelopment into a commercial retail space, including a coffee shop. The Irish Independent, 25th June
Church Street, Dublin 7 Greystar closed the acquisition of a 216-bed PBSA property on Church Street from Valeo Groupe Europe. It is believed the property sold for approx. €37m. The deal is Greystar’s third major investment in the Irish student sector. It bought Point Campus in Dublin in 2024 and two blocks in Dublin and Galway last year. The four properties now add up to 1,906 student beds under Greystar’s student-focused ‘Canvas’ brand which operates in seven countries. Greystar owns close to 900 additional rental apartments across Dublin, including Griffith Woods, Brickfield Square and Monkstown. Earlier this year, Greystar is understood to have agreed a deal to sell one of its Dublin blocks, Quayside Quarter, which accommodates 268 apartments, for around €180m. The Irish Independent, 25th June
Phibsborough, Dublin 7 DCC has given the green light to plans for the refurbishment and extension of Phibsborough Tower and its change of use to become a nine-storey 150-bedroom hotel. The development by Stormborn Capital Acquisition Three Limited also includes a PBSA block over five to nine storeys, providing 411 bedspaces. The overall scheme involves the regeneration of Phibsborough Shopping Centre and No’s 345-349 North Circular Road, and adjacent lands. The council concluded that “the enhanced mix-use redevelopment, along with the redeveloped Dalymount Stadium will also help serve the needs of the surrounding catchment, providing a range of retail, commercial, cultural, social and community functions that are easily accessible by foot, bicycle or public transport in line with the concept of the 15-minute city”. The proposed development comprises three blocks, the third of which will be a four-storey building incorporating residential and retail/restaurant uses. The council is requiring the developers to pay a combined €3.09m in planning contributions towards public infrastructure and the Luas Cross City Scheme. The Irish Times, 25th June
Tallaght, Dublin 24 Located on Greenhills Road, Greenhills Court comprises a purpose-built residential scheme of 15 apartments and two townhouses, all of which are let on a 20-year lease from June 2024 to an approved housing body (“AHB”). The investment is generating total annual rental income of €318,720 with Hooke & MacDonald guiding €6.25m (NIY 4.88%). The yield is based on a breakdown of €5.8m being paid for the investment’s 17 residential units and €450,000 being paid for its development site. The property comes for sale with full planning permission for the development of 10 additional apartments and a retail unit on an adjoining development site and above the existing basement car park. The leaseholder, Focus Housing Association CLG, is Ireland’s seventh-largest AHB and currently provides more than 1,200 affordable, sustainable homes for individuals and families, with a presence in 11 counties. The Irish Times, 24th June
Ballsbridge, Dublin 4 Cushman & Wakefield is guiding a price of €4.5m for the Lansdowne Collection, a portfolio of three properties. Number 14 Lansdowne Road and its two mews buildings, 91 and 92 Lansdowne Park, are being offered for sale with the benefit of vacant possession and are available to purchase individually or as a collection. Number 14 is a three-storey, semidetached property extending to 3,359 sq. ft and was most recently in use as office space. The building retains numerous of its period features. The property has a light-filled extension and ample off-street car parking. The house could revert to its original residential use, subject to planning permission. Located to the rear of number 14 and accessed off Northumberland Road, 91 & 92 Lansdowne Park comprise two self-contained, three-storey midterrace redbrick buildings which extend to 1,054 sq. ft each. Both properties have four bedrooms and four bathrooms, with rear gardens and one off street parking space each. The Irish Times, 24th June
Sandyford, Dublin 18 Lamb Doyle’s has moved a step closer to being replaced by new homes. Having traded from 1832 until recent years, the pub which sits on an elevated 0.97-acre site on Blackglen Road in the foothills of the Dublin Mountains, has been acquired by Bourke Builders for €1.6m. The price paid represents a discount of 41.8% on the €2.75m which had been sought by Oakmount when they first offered it to the market in 2024. The site’s sale ultimately saw JLL acting for receivers Interpath. While Oakmount had submitted a planning application to DLRCC in 2024 for the development of 14 three- and four-bedroom houses on the site, that proposal was subsequently withdrawn. The site is zoned Objective A under the current DLR County Development Plan 2022–2028. That objective supports residential development while protecting existing residential amenities. The Irish Times, 24th June
Schull, Co. Cork A development site with full planning permission for 57 homes in Schull has been launched to market with a price tag of €3.7m. Permission for the scheme was granted last year to Carmina Properties Ltd. The latest scheme is for a mix of housing types, including seven detached homes, 22 semi-detached units, 18 townhouses, and 10 duplex apartments, spread over a site of approximately 5.5 acres. The scheme was permitted on appeal with more than 50 conditions attached. The cost per stand, based on the €3.7m asking price, is €65,000. The Colla Road location is expected to be a significant selling point. The Examiner, 26th June
Military Road, Waterford Corrib Oil acquired the Motorpoint service station on Waterford’s Military Road. While the price paid in the off-market transaction has not been disclosed by the joint agents Cushman & Wakefield and Sherry FitzGerald Rohan, The Irish Times understands the property secured approx. €3.2m. The vendor, a private owner, had acquired the station, which sits on a 0.4-acre site, in the mid-1990s. The property had been trading until recently as a Maxol service station with a Daybreak convenience store but has been repositioned as a Circle K service station, Spar and Corrib Deli offering by its new owner. All Corrib Retail convenience stores are branded as Spar, while all its forecourts are branded as Circle K or Texaco, with instore partners including Insomnia, Apache Pizza, Subway and Zambrero. Corrib Oil also owns the franchise in Ireland for Wendy’s Restaurants, the first of which opened last year in Cork city, with the second due to open this month in Tullamore, Co Offaly. The Irish Times, 24th June
Various Billionaire fashion mogul Amancio Ortega’s Irish real estate portfolio is valued at €324m, new financial filings have shown. The owner of the clothing firm Inditex, which controls Zara, Bershka and Pull & Bear, has built up a large global property empire valued at close to €20bn. In the past three years Ortega’s family office Pontegadea has spent hundreds of millions of euro on Irish real estate to add to its worldwide collection. New financial filings for his Irish holding companies show they control a combined €324.5m of property. Last year these properties earned Pontegadea a combined €19.5m in revenue and after-tax profits of €5.8m. Ortega’s Pontegadea made its first move into the Irish real estate market in 2023 when it acquired the Opus 6 apartment block on Hanover Quay for €104m from Angelo Gordon and Carysfort Capital. In late 2023 his family office paid close to €225m for 1.2m sq. ft of logistics space at Baldonnell Business Park. Ortega’s latest Irish property deal came in June 2025 when he bought Ten Hanover Quay, a 68,286 sq. ft Dublin docklands office block, from Kennedy Wilson and Nama for close to €70m. The Irish Times, 24th June
Dublin Airport Maurice Regan, the founder of building firm JT Magen, is set to buy Gerry Gannon’s car park at Dublin airport in a deal to be signed next week. The New York-based construction tycoon has been partnered with Gannon on the site since 2024, when he provided €250m to buy Gannon’s loans out of Nama. The car park, which trades under Regan’s Park2Travel brand and is managed by Apcoa, turned a profit in its first nine months of trading and is expected it to do so again this year. The car park was at 100% capacity last June, July, August and September. The Sunday Times, 28th June
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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
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
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
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
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
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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New Origin Kvika Deal Under Origin Capital’s strategic relationship with Kvika banki hf, Origin Capital recently arranged a two year, €2.25m, interest only facility, secured on an office property in Dublin. If you have a funding request for €2m+, please contact Ross Metcalfe at rossmetcalfe@origincapital.ie Origin Capital, 9th June
Carlow Town, Carlow CBRE is guiding €7.5m for the four-star, Seven Oaks Hotel. Located in the heart of Carlow town, the Seven Oaks Hotel and Leisure Club is a well-established 89-bedroom venue with a full range of facilities catering to guests and locals alike. The hotel’s food and beverages are served in TD Molloy’s Restaurant and the Oaks Bar, while its conference and banqueting facilities can accommodate up to 500 delegates, a capacity matched by few hotels in the region. The hotel’s recently reopened leisure club features a 20m swimming pool, a steam room, sauna, jacuzzi and gym. Positioned just off the M9 motorway and in the heart of Ireland’s Ancient East, the hotel is accessible from Dublin in just over an hour, is a 30-minute drive from Kilkenny and two hours from Cork. The Irish Times, 3rd June
Castletownbere, Co. Cork Local agent Charles McCarthy is quoting €3.5m for the Berehaven Holiday Complex, near Castletownbere. Located at Waterfall on the Beara Peninsula, this four-star holiday complex comprises 16 self-catering houses, 10 detached pods and a separate fully licensed bar/restaurant/function room. Its 10-acre property also accommodates service units including an office and laundry. Most of the self-catering houses accommodate three-bedrooms and one of them is a one-bedroom unit. The bar/function room which was recently redecorated has capacity to cater for 120 people. Each of the 10 detached pods can sleep four people and come with a shower/WC and basic kitchen facilities. The property has its own private pier, beach and helicopter pad. The Irish Independent, 4th June
Gardiner Street, Dublin 1 Colliers is guiding €2.975m for the former Paddy’s Palace Hostel located at the junction of Beresford Place and Lower Gardiner Street. The property comprises two interconnected period buildings extending to approximately 9,214 sq. ft and are arranged over basement and four upper floors. The buildings retain many original features and are designated as Protected Structures. It is currently configured as a hostel with significant capacity and offering substantial potential for repositioning or redevelopment (subject to planning permission). Internally, the property is currently operated as a hostel providing 22 guest rooms with total capacity of 108 bed spaces. The existing layout offers a mix of private and dormitory-style accommodation, alongside associated communal areas and facilities. The property is offered with vacant possession and is held under a combination of freehold and long leasehold title. Colliers Release, 3rd June
Sandyford, Dublin 18 The Hive, a fully refurbished office building in the Sandyford Business District which is home to Woodies-owner Grafton Group, has been sold for €23.25m (7% NIY), the Business Post understands. The property has been sold by HWBC as sole agents on behalf of Grant Thornton, acting as receiver for Bain Capital, to a private Irish buyer, which was not disclosed. As well as Grafton Group, occupants of The Hive include Cubic Telecom, NTR, Keyword studios and BMC. In 2022, the 73,033 sq. ft office building, which is laid out across four floors, was brought to the market guiding €34.4m. In July 2025 it was put up for sale again guiding €24.2m. The office building generates annual rental income of €1.95m, with a WAULT of 8.2 years to expiry. The Business Post, 5th June
North Wall Quay, Dublin 1 Ronan Group Real Estate (RGRE) has won planning permission from Dublin City Council (“DCC”) to partially demolish and rebuild the headquarters of Citibank on the north quays. The current six-storey building at 1 North Wall Quay will roughly double in height, as the permission allows one of four new blocks to rise to 12 storeys. The original building was completed in 2000, as a new headquarters for what was then Citibank. RGRE bought it three years ago in a deal reportedly worth €140m. Its original redevelopment proposal was for a 17-storey scheme, which was refused by DCC, a decision upheld by An Coimisiún Pleanála. A revised design, submitted last December, reduced both the bulk and the height. A 10-year planning permission has now been granted for the redevelopment on the 2.17-acre site, with the new blocks going from seven to 12 storeys, and the existing facades to be removed. As well as office accommodation, the new building will have a 7,104 sq. ft community space. The Irish Independent, 8th June
Balbriggan, Co. Dublin Harvey is guiding €4.5m (6.5% NIY) for KVS Business Park. The park comprises 13 industrial and warehouse units and the combined floor areas of its 13 units extend to 36,110 sq. ft. They are split between two modern blocks set in a gated development. The scheme is fully let to eight tenants and is producing rental income of €319,700. 43% of this income comes from An Post who operate a delivery centre from units 3-6. Three of the units have outstanding rent reviews which will allow the new owner to see an immediate rental uplift. Unit sizes range from 1,687-5,020 sq. ft, except for the An Post facility which measures 14,664 sq. ft. The Irish Independent, 4th June
Ballycoolin, Dublin 11 Harvey is guiding €895,000 for Unit 6C Rosemount Business Park, Ballycoolin Road. The property is a modern light industrial/warehouse unit extending to 5,436 sq. ft which is being sold with the benefit of vacant possession. Of steel frame construction, it is finished to a high standard with a clear internal height of seven metres. Loading access is provided to the rear of the facility by way of one level access door. The well-appointed two-storey office and staff facilities are situated to the front of the property. A large loading yard, with a depth of 27 metres, is located to the rear of the property, with five designated car spaces provided to the front. The Irish Independent, 4th June
Rathcoole, Co. Dublin Joint agents Harvey and CBRE are offering two industrial units for rent at Units B6 & B13 Aerodrome Business Park in south-west Dublin. Their landlord, Kennedy Wilson, has substantially refurbished the pair. Located in a terrace, the two units extend to 7,158 sq. ft and are available under new long-term leases. The quoting annual rents are €68,500 for Unit B6 and €65,000 for Unit B13. Key features of the refurbished units include eight metre clear internal height, one automated level access door per unit, upgraded LED lighting to the warehouse, modern WC and staff facilities, new kitchenette, freshly decorated office accommodation including new floor covering and air-conditioned offices. Aerodrome Business Park is situated only 550m from the Naas Road (N7). The Irish Independent, 4th June
Nationwide Dublin’s logistics and industrial buildings are becoming taller as occupiers seek to maximise storage capacity and improve operational efficiency, according to new research from Knight Frank Ireland. A study by the firm predicted that average warehouse clear heights in Dublin will hit 14 metres this year, an increase from 12 metres in 2018. This trend is more evident in larger units. For schemes completed in 2025 and currently under construction in Dublin, average clear heights range from 9.1 metres for units below 10,764 sq. ft, to 14.4 metres for units above 107,639 sq. ft. Knight Frank says height is becoming a much more important consideration from both an occupier and investor perspective. Taller warehouses allow occupiers to increase pallet capacity, improve operational efficiency and support greater levels of automation, while also “maximising increasingly scarce industrial land”. The Business Post, 3rd June
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
Galway City A receiver has been appointed to a student accommodation development in Galway city. Sancus Lending has appointed Myles Kirby of restructuring firm Kroll as receiver over the assets of Wallbury, the company behind the scheme. The development, located on Moneenageisha Road near the Wellpark Retail Park and the G Hotel, comprises 14 apartments. Originally bought for use as a traditional apartment complex, the development will now be put up for sale. The Business Post, 7th June
Rathmines, Dublin 6 A fully-let apartment scheme in Rathmines, The Pavilion View portfolio, is being offered to the market by BNP Paribas Real Estate guiding €8.5m (NIY 4.91%). Located above the Lidl store on Lower Rathmines Road, Pavilion View comprises 24 apartments consisting of a mix of one-, two- and three-bedroom units, including a three-bedroom penthouse. The entire scheme is let to Real Estate Property Partners on a 10-year lease from 2023 at €436,000 pa. The apartments are fully occupied under standard residential tenancy agreements, and none of the existing residents are impacted by the sale. The Irish Times, 3rd June
Dublin Kennedy Wilson, a US-based investment company, and APG, a Dutch pension fund, have formed a €2bn residential joint venture to develop and manage over 3,400 private rented homes in Ireland. As part of the venture, Kennedy Wilson will acquire a minority equity interest in APG’s existing 1,100-unit Cherrywood portfolio in South Dublin. Kennedy Wilson will separately acquire a minority equity interest in, develop and deliver, approximately 2,300 new private rented sector units across the Player Wills, Bailey Gibson and Clonliffe sites. Each site holds full planning permission, with construction commencing immediately on over 700 units at the former Player Wills cigarette factory on the South Circular Road in Dublin 8. Construction on the remaining 1,500 units across the Bailey Gibson and Clonliffe schemes is expected to commence early 2027. Upon completion of the developments, Kennedy Wilson’s owned and managed Irish portfolio will extend to approximately 6,900 residential units. The Business Post, 4th June
Nationwide British private equity firm Matter Real Estate has appointed KPMG to examine a potential sale of Dwellings Developments, its Irish housebuilding business. Founded in 2019 as a joint venture between Matter and a group of Irish entrepreneurs led by former McInerney Holdings executive Barry O’Connor, Dwellings focuses on residential developments in regional growth centres, particularly Limerick, Cork and the greater Dublin area. The company is understood to sell around 150 homes annually, with an average selling price of €400,000, targeting first-time buyers, families and approved housing bodies. It holds planning permission for more than 700 homes across a substantial land bank. Dwellings own development sites across Limerick, Cork, Wicklow, Meath and Kildare. The Business Post, 7th June
Various Locations, Cork Seven former dispensaries and health centres owned by the HSE and valued at just under €900,000 will come up for auction later this month. All are based in Cork and include a 2,207 sq. ft, three-storey, end-of-terrace property at No 4 Carriglee, Western Rd, with an AMV of €300,000; a two-storey, 1,012 sq. ft end-of-terrace former dispensary at The Parade in Ballydehob, (€75,000 AMV); Cobh former health centre at 2-3 Canon O’Leary Place (1,378 sq. ft, AMV €120,000); a former dispensary on Main St, Dunmanway (1,625 sq. ft, AMV €110,000); a former health centre on William O’Brien St, Mallow (4,284 sq. ft, AMV €70,000); a former health centre on Beach Rd, Passage West (1,948 sq. ft, AMV €150,000) and a former dispensary in Rathduff (721 sq. ft , AMV €40,000). The properties will be sold individually by auction in June, overseen by Donnellan & Joyce Auctioneers. The Irish Examiner, 4th June
Sandyford, Dublin 18 French real estate investment firm Wemo One has acquired two laboratory facilities in Sandyford Business District for a total of €8m. Both properties are leased to Eurofins, the French laboratory services and analytical testing firm. The acquisition marks Wemo One’s second investment in the Irish market, where it now has three properties as part of its portfolio. The total leasable area of the two properties totals more than 24,542 sq. ft, with a yield of 7%. The group has 35 assets spread across Europe between Spain, Italy and France. HWBC advised Wemo One on the acquisitions, while the properties were sold by M7 Real Estate, which was advised by Lisney. The latest acquisition comes shortly after the group paid €3.6m for a 22,927 sq. ft facility in Cookstown industrial estate in Tallaght, which is currently leased to Prodieco. The Business Post, 6th June
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