Lower Fitzwilliam Street, Dublin 2 Fitzwilliam 28 has been brought to the market by Savills with a guide price of more than €150m. The office on Lower Fitzwilliam Street extends to approx. 135,000 sq. ft and is fully let to SMBC Aviation Capital Limited. The office generates an annual rental income of approx. €7.7m, providing an investor with a NIY of 4.7%. The office space has strong ESG credentials, including an A energy rating, LEED Gold and NZEB certification. It also includes 19,000 sq. ft of roof terraces, gardens and landscaped courtyards. The Business Post, 10th September
Warrington Place, Dublin 2 Avison Young is guiding €5m for numbers 11 and 12 Warrington Place. The property comprises an office block laid out over five floors from lower -ground level to third floor with a NIA of 14,305 sq. ft. The office accommodation is largely open-plan and sits alongside a three -bedroom apartment at third -floor level. Numbers 11 and 12 are partially leased to three tenants, namely Fidelity Information Services, Co-operative Housing Ireland and Sentrio. The total passing rent is €409,820 a year with further scope to increase the rental income by securing tenants for the vacant floors and the apartment. Avison Young believes the property would be suitable for refurbishment and continued use as office, or alternatively, for conversion to residential use (subject to planning permission). The subject property is zoned Z1 Sustainable Residential Neighbourhoods under the terms of the Dublin City Development Plan 2022-2028. A feasibility study prepared in advance of the sale suggests there is potential to convert the property to 21 apartments with car parking. The Irish Times, 9th September
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Horgan’s Quay, Cork City Two leading multinationals have committed to taking space at HQ2. The two companies, understood to have links to the biopharma and financial services sectors, have each taken a 10-year lease at Horgan’s Quay 2, an imposing new office block next to Kent Station and overlooking the River Lee. Clarendon Properties confirmed to the Irish Examiner that out of a total of 128,000 sq. ft, 115,000 sq. ft is either let, in legals or in negotiations. The prime office development is a joint venture between Clarendon Properties and builder BAM, under the banner of HQ Developments. It follows global tech firm Qualcomm Technologies taking the top three floors at adjoining Horgan’s Quay 1 last year, in the largest office deal in the city in 2025. HQ2 is the only major modern Grade A office space currently being completed in the city centre. Other Grade A stock such as nearby Penrose Dock, by John Cleary Developments (JCD) is fully let. The Examiner, 11th September
CityWest Shopping Centre, Dublin 24 Iroko Zen has acquired Citywest Shopping Centre for approx. €24m, in a deal that marks its first Irish shopping centre investment. Colliers advised Iroko Zen SCPI on the acquisition, with Bannon acting for the vendor, Ardstone. The convenience-led retail and office scheme extends to approx. 184,000 sq. ft and is anchored by an owner-occupied Dunnes Stores and a public library owned by South Dublin County Council. Extensive surface and basement parking also supports the centre’s retail and service offering. Citywest Shopping Centre generates NOI of approx. €2.24m a year. Its occupiers include McCabes Pharmacy, Specsavers, Costa Coffee, Eddie Rockets, O’Brien’s and Boyle Sports. The sale price of approx. €24m equates to a capital value of €130 psf. The Business Post, 10th September
Clonmel, Co. Tipperary A Georgian country house hotel is being offered for sale guiding more than €2m, with plans pending for a significant expansion. CBRE Hotels has been instructed to sell Raheen House Hotel, a 15-bedroom boutique hotel set on 3.4 acres at the foot of the Comeragh Mountains. The property comprises a main house dating from the early 1840s, together with the Coach House and a self-contained two-bedroom Gate Lodge. The hotel includes Darcy’s restaurant, Cobden’s dining room and the Buffalo Bar, while Cobden’s function room can cater for weddings and events of up to 135 guests. Capacity can increase to more than 200 guests when a marquee is used in the gardens. The property also includes a walled garden and courtyard used for outdoor wedding ceremonies, 57 parking spaces and gated access to the neighbouring Hillview Sports Club. A planning application is currently pending for 30 additional bedrooms and a single-storey spa and leisure centre. The Business Post, 10th September
Bray, Co. Wicklow A 44,687 sq. ft industrial and office facility in Bray is being offered for sale with a new 20-year lease to its existing occupier, Bisley Office Furniture Ireland Ltd, at an annual rent of €300,000. Knight Frank has been instructed to bring Bisley House at the IDA Business Park to the market at a guide price of more than €3.9m, reflecting a NIY of approx. 7%. The property sits on a 2.4 acre site and comprises a two-storey office building to the front and warehouse accommodation at the rear, together with a secure service yard and about 99 surface car parking spaces. The IDA Business Park is approx. 20km south of Dublin city centre and has access to the N11/M11 corridor. Occupiers in the surrounding area include businesses in manufacturing, logistics, pharmaceutical and technology. The Business Post, 9th September
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Little Island, Co. Cork Harvey Norman is among four significant tenants secured by JCD Group. The 65,000 sq. ft building at Evergreen Business Park will be used as a warehouse by the retailer. The other three significant new lettings secured by the JCD group at Blarney Business Park include CWS Workwear, occupying Block 8007, a 30,000 sq. ft building, Aviation supplier JB Roche, occupying Block 8008, a 20,000 sq. ft building, Daly Industrial Supplies Company, occupying Block 8001 a 30,000 sq. ft building. Evergreen Business Park is a new 250,000 sq. ft development which will consist of four “best-in-class” buildings when fully developed. Three of the four buildings are now completed with Silverstream Packaging Ltd occupying E400, Harvey Norman expected to occupy E100 in October, and the shell and core works of E500 are just finished and ready for tenant fit out. E500 consists of 45,000 sq. ft facility with 14m eaves. The Examiner, 11th September
Stadium Business Park, Dublin 11 A 39,132 sq. ft warehouse and office facility in north Dublin has been brought to the letting market at a guide rent of €625,000 a year. Unit 9 is being offered by joint agents JLL Ireland and Harvey on behalf of M7 Real Estate. The warehouse has three dock levellers and one grade-level access door, with provision to add a fourth dock-level door. Externally, the property has a secure 32-metre service yard, 70 car parking spaces and six dedicated HGV spaces. The refurbishment is expected to complete in Q4, with the property being marketed for occupation following completion. At €625,000 a year, the quoting rent equates to approx. €15.97 psf across the total floor area. The Business Post, 10th September
Swords, Co. Dublin M7 Real Estate is continuing its sale of units at Swords Enterprise Park and four of them will be among the 110 lots which BidX1 will auction online on the 24th of September. Since M7 bought the enterprise park in 2022 for a sum reported to be slightly less than its €11.5m asking price, the investor has sold 22 units through BidX1, generating €7.98m. The 2022 purchase comprised 61 industrial/office units arranged over eight blocks with a combined 79,000 sq. ft of floor space. All four of M7’s lots in this month’s auction comprise two storey units each combining office and warehousing space and also offering surface parking. The investor’s most valuable lot on offer is units E6 and E7 extending to 4,111 sq. ft. Both are let to Evolution (Electronic Security Systems) and generate €69,000 in annual rent. They could produce a 7% NIY if sold at the combined guide price of €885,000. The Business Post, 11th September
Newport Street, Dublin 8 A bespoke scheme of 17 newly completed apartments is being brought to the market by Knight Frank at a guide price of €8.5m. Located next to the Guinness Storehouse and St James’s Gate brewery, the development at 17-19 Newport Street comprises 13 two-bedroom and four three-bedroom apartments distributed over five storeys, along with five car-parking spaces, and a communal rooftop terrace. Developed in 2020, the property is highly energy efficient with NZEB and A2/A3 Ber ratings. The investment is producing a gross annual income of €504,828 with full occupancy. Should a sale proceed at the guide price, the incoming owner would be in line for a 5.25% NIY. The Irish Times, 9th September
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North Wall Quay, Dublin 1 Quantum Immobilien KVG has made its first acquisition in Ireland with the purchase of the Quayside Quarter build-to-rent scheme from Greystar for a price understood to be in excess of €180m. The acquisition was made on behalf of a club of institutional investors based in Berlin and comprises 268 rental apartments across eight buildings within the 13 acre Dublin Landings mixed-use development. The fully furnished apartments have loggias or balconies and are supported by a private gym, residents’ lounge, co-working and meeting spaces, games room, on-site crèche, children’s playgrounds and rooftop gardens. The scheme also has 210 underground car parking spaces and 300 bicycle spaces. Greystar acquired Quayside Quarter in 2019 for €175.5m, making it the US investment manager’s first investment in Ireland, and has operated the scheme since. It will continue to manage Quayside Quarter for Quantum following the transaction. Quantum said the transaction was structured as an asset deal. It was advised by Arthur Cox, PwC and AECOM, while Greystar was advised by A&L Goodbody and JLL. The Business Post, 9th September
Portarlington, Co Laois A site on the edge of Portarlington offering potential to deliver 100 new houses has come to the market and Savills is guiding €3m. The property extends to approx. 9.88 acres and comprises predominantly green-field lands together with an existing vacant dwelling and agricultural buildings. It has recently been zoned Residential 2 under the Portarlington Joint Local Area Plan 2025-2031. The town is one of the fastest-growing commuter towns in the midlands thanks partly to its railway station which provides regular services to Dublin, Cork and Galway. Situated just 1km north-east of the town centre, the site enjoys approx. 200 metres of road frontage. The Irish Independent, 10th September
Parkgate Street, Dublin 8 Castlethorn has agreed to sell a new apartment project that will include Ireland’s tallest building once completed to the LDA for an undisclosed sum. The project on a site formerly occupied by Hickey’s Wholesale Fabrics warehouse, is due to be completed in 2029. As part of the deal, the state’s affordable housing developer will buy 562 homes. Once completed, the 30-storey, 102 metre building will be taller than Obel Tower in Belfast, currently the tallest building on the island at 85 metres. It will also tower over the 85.53m Railyard building in Cork which is currently being developed by JCD Group. The Parkgate development will include 198 apartments. The remaining apartments on the Parkgate Street site will be spread across three blocks, ranging in height from 10 to 13 storeys. The Business Post, 11th September
Donnybrook, Dublin 4 Pembroke Partnership is applying for planning permission to build apartment blocks up to six storeys on the site of the Magdalene laundry in Donnybrook and have clarified that they intend to erect an “information sign” to serve as a memorial to the site’s former use. If permission is granted, a “post-and-panel-style information sign” is to stand at the base of the laundry’s 90m chimney. The planning application filed this week details the “refurbishment of the existing laundry building” to allow for two two-bed duplex apartments and two three-bed houses as well as the construction of three “new blocks ranging in height from three to six storeys”. In these blocks will be 34 residential units in total : one studio apartment, 17 one-bed apartments, seven two-bed apartments, six three-bed units and three three-bed houses. Buildings adjoining the laundry will be demolished to construct these units if planning permission is granted. The Irish Times, 15th September
O’Connell Street Lower, Dublin 1 Plans have been lodged by Kinstonway Limited for the redevelopment of the landmark former Ulster Bank building. The site at 2-4 O’Connell Street was brought to the market by Cushman & Wakefield in May 2025 with a guide price of €2.75m. The building currently comprises two empty units at ground floor-level, with vacant offices overhead. The proposed development seeks to subdivide the former bank premises into three separate and independent units, comprising one retail unit, one restaurant unit and one office unit. It proposed Unit two, located at No. 2 O’Connell Street, be retained as retail use across approx. 1,300 sq. ft. Unit three, which comprises office use from the first to fourth floors of 2 to 4 O’Connell Street Lower across approx. 10,100 sq. ft, will also be kept the same under the proposed development. Unit four, located at 2-4 O’Connell Street lower, is proposed to be used as a restaurant across approx. 7,900 sq. ft across basement, ground and mezzanine levels. The Business Post, 11th August
College Square, Dublin 2 US tech firm Workday has put a fifth of the space it let in a new 21-storey office block in Dublin city centre back on the market a year after choosing the building as its new European headquarters. In April 2025, the company struck a deal to occupy the entire 416,000 sq. ft of office space in the newly built College Square scheme from Marlet Property Group. Workday, which is fitting out the building before moving in, has since decided to sublet at least a fifth of the space as it has been deemed surplus to requirements. Cushman & Wakefield has been instructed to advertise the second and third floors in College Square, which span 89,340 sq. ft, as available to let on flexible lease terms. College Square was developed by Marlet with its partner M&G Investments, on sites occupied formerly by Apollo House and the neighbouring College House. The mixed-used scheme includes 58 high-end apartments on 12 floors above the 10 floors of offices and 17,006 sq. ft of retail space on the ground floor. The Irish Times, 14th August
Sir Rogerson’s Quay, Dublin 2 Indeed is seeking to sublet a third of its EMEA headquarters, in a growing trend of tech companies scaling back their office needs. The firm which employs more than 1,000 people in Dublin has enlisted Savills to lease the first four floors of 100 Capital Dock, one of two buildings it occupies at 80 Sir John Rogerson’s Quay. Savills have quoted prospective clients annual rent of €59.50 psf for the 72,470 sq. ft space which is available to sublease in its entirety or floor-by-floor basis. The four available floors range from 16,489 sq. ft to 18,665 sq. ft. In 2017, the US multinational signed a 20-year pre-lease with Kennedy Wilson for 100 and 300 Capital Dock, together totalling 216,000 sq. ft, and said it would add 600 roles to what was at the time its 1,000-strong Irish workforce at its official opening two years later. Indeed subsequently sublet part of its St Stephen’s Green office in 2021, for which it had renewed its lease the year before, moving the majority of its Irish-based staff to Capital Dock. The Business Post, 15th August
Swords, Co. Dublin Bidvest Noonan has agreed a lease for 19,500 sq. ft at the recently completed Airside Green in Swords. The company, which provides cleaning, security and technical services across Ireland and the UK, has long been based in Swords. The letting also marks another milestone for Airside Green, with Bidvest Noonan becoming the development’s second occupier. Airside Green comprises six floors of office accommodation arranged around a central core with flexible floorplates. The A-rated building has been designed to meet modern occupier requirements while benefiting from strong transport links. The development also benefits from its location beside Airside Retail Park and within a short walk of the Pavilions Shopping Centre. The Business Post, 13th August
Dockline Building, Dublin 1 Sony is set to take a lease in Dublin’s docklands under plans to grow out a research and development team for its iconic PlayStation brand. Sony announced plans last year to set up an office in Dublin which will take two floors at the Dockline Building in the IFSC. The space, which is 32,000 sq. ft in size, is part of a bigger office property. It’s expected the PlayStation team will move into the space, which is fully fitted out, in 2027. Dockline is a six-storey, Grade-A office and extends to 80,000 sq. ft. JLL is understood to be acting for Sony. Sony’s lease for the building is understood to represent a new lease with UBS, the landlord of the building. Sony’s plan to open a digital innovation and engineering centre in Dublin was first announced by IDA Ireland in April 2025. The Business Post, 11th August
Nexus Logistics Park, N2 US recycling firm Paladin Envirotech has taken space at Iput’s Nexus Logistics Park, letting 53,000 sq. ft of space at Unit 8. Headquartered in Florida, Paladin disposes outdated IT equipment in a secure and environmentally responsible manner. The US firm recently acquired Irish tech recycling company ICT as part of a €12m expansion plan. Iput said the unit forms part of the first phase of development at Nexus in north Dublin, which will deliver 1.5m sq. ft. across nine units. The wider park will comprise 17 units and 2.5m sq. ft. Following the letting of Unit 8 to Paladin, Iput said it will start the development of Unit 3, comprising 148,000 sq. ft, with completion targeted for May next year. In March 2025, Iput announced a €230m commitment to launch a new sustainable logistics sub-fund. The Dublin-based company raised €115m in new capital from two new investors – the Ireland Strategic Investment Fund, and a European institutional investor via CBRE IM’s Indirect Strategies, to develop the first phase of Nexus Logistics Park. The remaining €115m is being invested by Iput through a combination of capital and its zoned logistics landbank. The Business Post, 17th August
Howley’s Quay, Co. Limerick Tribeca Holdings is buying the building which is occupied by hospitality venue House Limerick. Tribeca Holdings, which already owns the remainder of the building on Howley’s Quay, is expected to redevelop the entire site following completion of the transaction. Fifty-nine full and part-time staff will lose their jobs as a result of House Limerick ceasing trading. Interpath was appointed joint receivers to the business on December 2, 2025. The proposed transaction involves the acquisition of the property from Vistamet Properties 2 Limited together with the licence, fixtures and fittings associated with House Limerick from a company called Yellow Way Limited. The price being paid is not known. House Limerick’s sister business House Dublin on Leeson Street is not impacted by the transactions. Interpath receivers continue to run House Dublin as a trading hospitality business. The Currency, 11th August
Dundrum, Dublin 14 The High Court has appointed joint liquidators to the Harvey Nichols luxury store in Dundrum Town Centre. The Dundrum store employs 33 people and it had been unable to recover from poor trading since the Covid-19 pandemic and was no longer being financially supported by its UK mother group. The annual rent for the Harvey Nichols Dundrum store was €1.059m and since Covid-19 the company had net liabilities of €19.382m in 2021 which had risen to €28.2m by the end of the 2026 financial year. The sole director stated that nobody wanted to buy the company and the board had decided it was in its best interests to enter a winding up process. RTE.ie, 14th August
Foxrock, Dublin 18 JLT Gortanore Limited has secured planning permission for a residential development in Foxrock. The 51-home project at Gortanore on Brighton Road, which DRLCC granted permission for, will comprise 30 apartments and 21 houses. The Foxrock site was acquired last year for €5.5m and was previously the site of a former embassy. Gortanore was purchased by the Royal Embassy of Saudi Arabia in 2013 from a Developer, who had paid €31m for the estate in 2006 with ambitions for a large apartment scheme. Planning permission allows for the demolition of the existing two-storey dwelling and ancillary buildings and their replacement with two four-storey apartment blocks fronting Brighton Road, containing 24 one-bedroom and six two-bedroom apartments. A further 21 houses will be built within the site, comprising nine three-bedroom terraced homes, eight four-bedroom semi-detached houses and four detached five-bedroom homes. The development also includes 60 car parking spaces, 48 bicycle spaces, more than 32,291 sq. ft of public and communal open space, new access roads, landscaped public areas and sustainable drainage infrastructure. The Business Post, 11th August
Ardfert, Co. Kerry A substantial landholding in Ardfert, with potential for housing and mixed-use development, has been launched to market with a guide price of approx. €2.5m. The strategically located property includes 16.3 acre of predominantly level greenfield land, as well as a two-bedroom house, a commercial garage unit and an adjoining carpark. The sale, subject to planning permission, includes 6.89 acres of land zoned ‘R4/Strategic Residential Reserve’, a local authority classification that marks it out for future housing development. A further 9.19 acres are zoned M1/Mixed-Use/General Development, which could potentially include both a residential and commercial element. Lastly the sale includes a 0.2 acre comprised of the commercial yard/carpark/house, zoned ‘M2/Town/Village Centre’ which provides for the development and enhancement of town core uses, including retail, residential, commercial, civic and other uses. The property is being sold by two local landowners whose decision to join forces for the purpose of the sale will improve access to the site for the buyer. The garage continues to trade, while the house is rented out. The Examiner, 13th August
Longwood, Co. Meath A fully serviced residential development site complete with planning permission, an extension of duration and an Irish Water connection agreement, has been brought to the market with a guide price in excess of €2m. Coonan Property has been instructed to sell the approx. 3.7-acre site on the Enfield Road in Longwood, where permission is in place for a 35-home scheme. The development was originally granted planning permission by Meath County Council, with the approval subsequently extended. The proposed scheme comprises a mix of detached, semi-detached and terraced homes, including six four-bedroom semi-detached houses, one four-bedroom detached house, 16 three-bedroom semi-detached units, eight two-bedroom mid-terrace homes and four four-bedroom end-of-terrace properties. The site occupies a prominent position on the eastern side of Longwood village, less than 250 metres from the village centre and directly opposite the area’s primary and secondary schools. The Business Post, 12th August
Greater Dublin Area The main property development subsidiaries of home builder Evara doubled revenues last year as the group significantly ramped up construction activity. The company completed close to 1,000 homes last year across projects in Portmarnock in north Dublin, Adamstown, Clonburris and Saggart in west Dublin, Kilternan and Cherrywood in south Dublin. New financial filings for 10 of the home builder’s entities behind these housing projects show they reported combined revenue of €256m in 2025, compared with €126m the previous year. Each of the 10 individual entities managing Evara’s construction projects recorded an operating profit. Combined profits at the companies came to more than €60m, compared with €25m the previous year. The company has forecast it will complete 1,400 homes this year and said it is on track for 1,500 completions annually by next year. The company has delivered more than 3,000 homes since it was founded seven years ago and currently has a pipeline of more than 7,000 homes to build. The Irish Times, 13th August
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Howth, Dublin 13 Tetrarch Capital has secured permission for the demolition and redevelopment of the Deer Park Hotel after its plan for the site was reconsidered by An Coimisiún Pleanála (“ACP”) following a judicial review. In 2022, Tetrarch’s subsidiary Wshi Unlimited Company applied for planning permission to knock down the existing hotel in the grounds of Howth Estate and build a new four-storey, 142-bedroom hotel with a bar, restaurant, gym and spa facility. The application was granted permission by Fingal County Council but that was appealed to ACP. It upheld the local authority’s decision, but that decision was then legally challenged by a local Green Party councillor. ACP said it would not oppose the judicial review and the grant of permission was annulled by the High Court in 2024. The court remitted the case to ACP to be re-adjudicated. Now, the planning appeals board has again granted permission for the project, paving the way for the construction of the new 116,605 sq. ft scheme on site. The Irish Times, 30th July
Tara Street and George’s Quay, Dublin 2 Plans for a bar and food market in Dublin 2 have been modified, three years after the scheme received planning approval. In 2023, permission was granted to Greybirch Limited, for the demolition of six existing units on the site and the construction of a three-storey food market with 13 vendors and a rooftop terrace. The company recently submitted modified plans to Dublin City Council (“DCC”) for a smaller development featuring nine vendors across two floors under a retractable roof, with the rooftop terrace removed. The filings stated that this would result in reduced impact on the adjoining neighbours. In 2019, permission was secured to demolish the nearby Tara Building co-working hub and other buildings to develop a 116-bedroom hotel, but the project never progressed. The Business Post, 27th July
Donnybrook, Dublin 4 DCC has refused a planning application by the owner of McCloskey’s pub to retain an awning over its beer garden after local residents raised concerns about noise and disturbance. Earlier this year, the pub operator, Tagatoni Ltd, sought retention permission for a 1,463 sq. ft retractable barrel-roof awning installed over the existing rear beer garden at the Morehampton Road premises. However, DCC refused permission, finding that the development would result in “an unacceptable level of disturbance” to the area’s residential amenities, including noise impacts on nearby homes. The council also found that the applicant had failed to demonstrate that the awning would not harm “the established character” of the area. The refusal marks the third time plans for an awning over the McCloskey’s beer garden have been rejected. The refusal follows several objections by residents who claimed that the covered beer garden had led to an “unacceptable” level of disturbance in the area. The pub had been put on the market by developer Lispopple Point Limited in 2022, at a guiding price of €1.9m. Lispopple’s owners had purchased the premises in 2017 for less than €1.7m from the McCloskey family, who gave their name to the pub. The Business Post, 30th July
Belfast Harbour’s City Quays 3, Co. Antrim Bank of America has secured the remaining office accommodation at City Quays 3 development, bringing the €58m Grade A office scheme to full occupancy less than three years after its completion. The US banking giant has leased the final four-and-a-half floors, comprising 58,000 sq. ft, as it establishes its new Northern Ireland hub. Last year it announced plans to create up to 1,000 jobs across multiple business functions, beginning with anti-money laundering operations. During the fit-out of its permanent offices, the bank will occupy a further 23,000 sq. ft of serviced office space in the neighbouring City Quays 1 building. Planning permission has already been secured for the City Quays 4 residential scheme and the mixed-use City Quays 5 office development. The Business Post, 29th July
Nationwide According to the latest MSCI / SCSI IPD index, retail property outperformed the office and industrial sectors in Q2 this year, despite the effects of e-commerce and internet shopping. In terms of the value of properties, retail surged 1.5% in the quarter and 4.55% over the 12 months to the end of June. That compares to capital growth of 0.9% and 3.63% over the same periods for industrial and logistics, the sector which has benefitted most from e-commerce. In terms of rent, retail grew by 1.2% during the quarter and 4.58% over the 12 months. In terms of returns to investors, retail provided 3.1% payback for investors in the quarter and 11.5% over the 12 months. The surge in this sector is also reflected in recent deals and the most significant of the quarter was Irish Life’s agreement to sell its 50% interest in the Ilac shopping centre off Henry Street to Hammerson in a deal reported to be worth approx. €45m. Cushman & Wakefield also reported that Frascati Shopping Centre in Blackrock has attracted strong market interest since they launched it for sale last month, asking in the region of €80m. The shopping centre is anchored by Aldi and has a Marks & Spencer together with 42 residential units. It is also understood Nutgrove Shopping Centre has gone sale agreed at a price exceeding the €27.2m guided by Savills. The Irish Independent, 29th July
Pearse Street, Dublin 2 Esprit Investments is looking to build a 21-apartment development, with retail units, on Pearse Street in Dublin city centre. Esprit is looking to build a new part-six and part-seven storey apartment building at the back of 32-35 Pearse Street. They want to retain the original buildings facing on to Pearse Street and to turn vacant offices in the upper floors into four two-bedroom apartments. The development will involve the demolition of non-original buildings to the back, and the construction of 17 apartments, a mix of studio and one-bedroom units, in the new building. Latest accounts for Esprit show it had investment property assets worth €362m at the end of 2024. Property filings show that 65 properties are registered to the company. The Sunday Times, 1st August
Nationwide The Land Development Agency (“LDA”) says it will deliver 1,800 homes by the end of this year and plans to invest approx. €1.5bn in housing projects. In the state body’s mid-year update, it promised to deliver more than 8,000 homes between now and 2028, with nearly 3,000 next year and more than 3,500 the year after. The delivery of those 8,000 homes is expected to cost approx. €3.5bn. The agency expects to deliver more than 13,000 homes by 2030 in addition to the 3,215 homes it has completed since being set up. Its development pipeline has grown to more than 28,000 homes with over 6,500 currently under construction across more than 20 developments. The LDA is working to raise about €1bn in borrowing from the European Investment Bank and domestic pillar banks in order to help fund future housing projects. The agency says more than 10,000 people are now living in LDA homes and it expects the figure to be approx. 35,000 by the end of the decade. The Irish Independent, 30th July
Dublin The Digital Hub Development Agency (DHDA) has agreed to sell properties with a book value of €24m to the LDA for €1.25m. The 2025 annual report for the DHDA discloses that heads of terms with the State’s housing body were agreed at a board meeting last February. It states that the agreed sale is in compliance with the Government’s decision to dissolve the DHDA. A note states that when the transaction with the LDA is recorded in the 2026 accounts, it will reduce the DHDA balance sheet valuation of development assets by €24.1m. The cash consideration from the transaction will be €1.25m. In February 2025, the DHDA incurred a zoned tax liability of €575,400 in respect of three vacant development sites it owns. For the financial year ended December 31, 2025, the rate payable was 3% of the market value of three sites – Watling Street Warehouse, Cash and Carry and 24-27 Thomas Street. The Irish Independent, 3rd August
Nationwide New figures released by the Central Statistics Office (“CSO”) show that the number of houses completed between April and June this year is down 3.6% compared to the same three months in 2025. Housing completion figures show that 8,823 new homes were built in the second quarter of this year, according to the CSO. Overall housing completion figures for the first six months of this year are at 16,679 homes this year compared to 15,149 homes between January and June 2025. The Government does not have a standalone target for this year, but under its housing plan it is aiming to build 300,000 homes by 2030. Housing experts continue to say approx. 50,000 units need to be built annually to tackle the housing crisis. According to the CSO figures, 2,658 apartments were built in the second quarter of this year, down 12.2% from the same period last year. More than half of all completions (54%) were scheme dwellings, 30% were apartments, and 16% were single dwellings. RTE.ie, 30th July
Ranelagh, Dublin 6 Transport Infrastructure Ireland (TII) has spent more than €9m to acquire four homes beside a contentious MetroLink station site in south Dublin. A number of homeowners on Dartmouth Square West last year sought to bring a judicial review against the rail project, but dropped the challenge after TII agreed to buy the properties backing on to the Charlemont MetroLink station. MetroLink said the agreement involved a commitment to buy between 10 and 15 homes on the square, with TII chief executive saying details of the agreement with the residents were being kept confidential. New property filings show TII bought four properties on Dartmouth Square last month for a combined price of €9.1m. Based on the average cost of the four homes purchased to date, buying 15 Dartmouth Square West properties could cost TII up to €34m. Three of the properties were acquired from homeowners who were part of the legal case related to MetroLink. The biggest fee was paid for number 10 Dartmouth Square, which cost €2.6m to acquire, while €2.45m was paid for number 8. Numbers 5 and 14 cost €2m and €2.05m respectively. There is no requirement to demolish the Dartmouth Square West homes being acquired by TII. The State body is expected to sell them on once the Charlemont station is completed. The fees paid for the four homes in June are below the market prices paid for two properties on Dartmouth Square North late last year, which were bought for prices of between €2.7m and €2.8m by private individuals. The Irish Times, 31st July
Various Clarendon Properties has reported a rise in the value of its Irish property portfolio following a number of revaluations and works to its buildings. The real estate group owns properties in Dublin, including Powerscourt Town Centre on South William Street and several victorian-era buildings on College Green in the city centre. Clarendon Properties does not report group accounts, but financial filings for 11 of its subsidiaries show its Irish-based properties were valued at a combined €147.3m at the end of June 2025, compared to €142.8m the previous year. The portfolio’s value rose due to €1.7m worth of capital improvements to the buildings in the year, while eight firms in the group also revalued their investment property assets upwards by €2.4m. The biggest revaluation gain was reported by Pextell Limited, which owns the Victorian buildings at 34-35 College Green and properties immediately to the rear at 6-10 Suffolk Street. The value of its property rose by €2m to €43.1m. Last year, Clarendon Properties also disposed of some retail assets in a €11.9m deal with French investor Atland Voisin.. It sold the Churchtown-based Nutgrove Retail Centre, south Dublin, which it had acquired in 2015 as part of a €12.8m deal that included the mixed-use Beacon South Quarter in nearby Sandyford. The firm’s most notable purchase was made in 2006 when it struck a €132m deal to buy a 21-storey skyscraper in Boston, Massachusetts, called 265 Franklin Street. The Irish Times, 29th July
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Park West Business Park, Dublin 12 Colliers has launched the sale of a three-story office building with a guide price of €3m. Block 8, Park West Business Park, comprises a self-contained three-story office building extending to approx. 24,231 sq. ft, along with 35 on-site car parking spaces. The property reflects a NIY of 12.13% and a capital value of approx. €124 psf, assuming standard purchaser’s costs. Park West Business Campus is well-connected to Dublin city centre and the wider transport network, with Park West & Cherry Orchard railway station located within a seven-minute walk of the property. The property is fully let to Vianova, on a four-year fixed-term lease from 1st September 2025, with no break option at a passing rent of €400,000 pa. The Business Post, 23rd July
North Wall Quay, Dublin 1 Citi Bank paid €100m to acquire the site of its new European headquarters in Dublin’s north docklands from RGRE in January 2023. The bank, which has had a presence in Ireland for more than 60 years and is the largest bank in the Irish market by assets, with some $210bn on its balance sheet, is gearing up to make the move from its long-standing home at 1 North Wall Quay to its new 300,000 sq. ft European headquarters. The new office building is nearing completion at Waterfront South Central, the mixed-use scheme RGRE is developing next to the 3Arena in Dublin’s north docks. The total spend on its new European headquarters is set to weigh in at approx. €569.6m between the costs of site acquisition and construction, with the vast majority of those funds flowing into the Exchequer. Some 2,300 people were employed on the project at various stages over the past three years, while more than 80% of the contracts were signed with and fulfilled by Irish companies. Distributed across 10 office floors, the bank’s Waterfront South Central offices will be 31% larger than its current HQ and will have 2,000 seats to accommodate approx. 3,100 employees. The Irish Times, 27th July
Canal Road, Dublin 6 Core Capital has been selected as preferred bidder to purchase the former headquarters of the Construction Industry Federation (“CIF”). Two sources familiar with the sales process for the site, called Canalside, told The Irish Times that the firm bid in the region of €14.5m for the 1.24 acre site. Osborne+Co previously agreed a deal in 2021 to buy the site for €23m. The sale was never completed, but a firm linked to Osborne+Co did secure planning permission to build a new 145,312 sq. ft, eight-storey office scheme. Last year, a number of derelict victorian cottages on the site partially collapsed along the Grand Canal. The buildings were then demolished and hoarding has been erected around the site. In April 2026, CIF and the Construction Workers Pension Scheme instructed joint agents Savills and FQP to put the organisation’s former offices on the market with full vacant possession at a guide price of €16m. The Irish Times, 22nd July
St. Stephen’s Green, Dublin 2 October Investments has secured the flexible workspace provider Pembr as occupier for No. 16 St. Stephen’s Green. The building, which served for many years as the corporate headquarters of the ESB, has been restored and redeveloped as an office building capable of accommodating more than 350 workers. The entire property will now be operated by Pembr. No. 16 comprises 39,220 sq. ft of grade-A office accommodation. Some 9,000 sq. ft of that space is contained in the original Georgian building, while the majority of the accommodation (30,220 sq. ft) is distributed across a newly constructed seven-storey building that is accessed through interconnecting glass corridors on four levels to the rear of the property. Approx. 25% of the building’s floor area will be set aside by Pembr for communal and customer-facing facilities. The Irish Times, 22nd July
City Quay, Dublin 2 An Coimisiún Pleanála (ACP) has refused planning permission to Ventaway for a 24-storey office block on the former City Arts Centre. ACP refused planning after finding that the 104.8m (344 ft) high building “would stand apart as an overly assertive solo building” at the location. Ventaway first lodged its 24-storey proposal with Dublin City Council in 2022 and it was refused planning permission in May 2024 by An Bord Pleanála. However, following a High Court challenge by Ventaway, a Judge quashed the May 2024 refusal and remitted the application back to ACP for fresh consideration. In December 2024, Ventaway lodged plans for a scaled-down 14-storey scheme and that was granted planning permission by the council in July 2025. However, ACP issued a refusal against the scheme last week following an appeal by An Taisce. By refusing planning permission for the scheme, ACP overruled its own inspector’s recommendation to grant planning permission. The commission refused planning permission, having regard to the overall design, including height, scale, massand form of the proposed building. It noted that it would be likely to have noticeable and detrimental overbearing impacts on neighbouring property. The Irish Times, 21st July
Grand Canal Quay, Dublin 2 State Street, the American financial services giant, has signed a 12-year lease at No. 2 Grand Canal Quay for floors four to ten, and will pay an annual rent of just under €5.25m. State Street is renting 78,000 sq. ft in total, more than half of the office block and enough room for approx. 800 workers. The company employs over 2,000 people in Ireland. Last year it decided to break its lease early on its office at Sir John Rogerson’s Quay. It is expected to vacate by 2028. No. 2 Grand Canal Quay, which is under construction, will comprise 145,000 sq. ft and up to 15 floors in total when it is complete. The office sits beside the former Esat building. The deal with State Street was the largest transaction on the Dublin rental market in Q2 of 2026. The Sunday Times, 25th July
Point Square, Dublin 1 Almost 100,000 sq. ft of modern office accommodation at Point Square is being brought to market by Click Offices on behalf of the building’s owners. The scheme comprises five floors of approx. 20,000 sq. ft each within the waterfront development beside the 3Arena, with office suites available from 16 desks to full-floor occupancies of up to 200 desks. Point Square’s ownership is divided across a number of entities. The Gibson Hotel is owned by Deka Immobilien, Dunnes Stores owns the shopping centre’s anchor retail unit and the adjoining 3Arena is operated by Live Nation. The shopping centre itself was acquired earlier this year by Hakuba Ltd, the investment vehicle backed by New Vision Alternative Strategies ICAV, a fund managed by Ballybunion Capital. Click Offices is working alongside Agochant, asset manager for Hakuba Ltd, to lease the office accommodation. The offices are immediately available and fully fitted out. Traditional leases are being quoted at €47.50 psf on a minimum three-year term, while serviced accommodation is expected to command approx. €500 per desk. The Business Post, 22nd July
Kearnsanstown Industrial Estate, Co. Carlow A sale and leaseback opportunity is being offered to investors for the Alutec Facades premises. REA Sothern is guiding €1.55m. The property is being offered with a new 10-year lease, producing a rental income of €125,000 pa, with a rent review at year five and offering a gross yield of approx. 8%. The premises is located at 8-10 Kearnsanstown Industrial Estate and extends to a combined 200,000 sq. ft across two buildings devoted mainly to manufacturing. Its site area extends to 1.5 acres which also accommodates a front section used for stock storage and the rear for parking. The Irish Independent, 23rd July
Ballycoolin, Dublin 11 The last remaining infill development site at Stadium Business Park has been brought to the market with an asking price of €2.8m. The 4.33 acre site is being offered for sale by private treaty through Harvey and is zoned “GE” under the Fingal Development Plan 2023-2029. The site has an established planning history, including an expired permission for a high-density business unit scheme extending to 98,382 sq. ft. Stadium Business Park is located within the Dublin Enterprise Zone between the N2 and N3 corridors, providing access to the national road network, Dublin Port Tunnel and Dublin Airport. Existing occupiers in the park include Chemco Ireland, DFDS, Dunnes Stores, Global Fruit Company, Lindab and KDM Hire Ireland. The Business Post, 22nd July
Rathcoole, Dublin 24 A 10.89 acre commercial holding along the Naas Road corridor has sold under the hammer for €3.65m. The Blackchurch Inn property in Rathcoole, Co Dublin, was sold at auction by Coonan Property in Naas last Thursday. Bidding opened at €1.4m and progressed in €100,000 increments to €2.85m before auctioneer briefly adjourned proceedings to seek the vendors’ instructions. The property was placed on the market, prompting a new bidder to enter the competition. Bidding then continued in €50,000 increments until a local businessman secured the property for €3.65m. The sale equates to more than €335,000 an acre. The property combined the former Blackchurch Inn, vacant for the past seven to eight years, with extensive external storage areas, a commercial yard and a substantial landholding, making it an unusual offering in a location that continues to attract commercial interest because of its accessibility. The Business Post, 22nd July
Knocktopher Abbey, Co. Kilkenny StarStone Group, the Meath-headquartered property investor, has acquired Knocktopher Abbey. DNG Country Homes & Estates and DNG Ella Dunphy confirmed the sale of the Victorian Gothic estate. While the purchase price has not been disclosed, the property had been guided at €1.85m. Starstone intends to transform the historic Kilkenny property into a boutique hotel. The asset is set amidst c.11 acres. Located between Kilkenny and Waterford cities, the estate extends to approx. 20,085 sq. ft, including the principal abbey building and seven converted self-catering cottages housed within former stables and coach houses. The mature grounds incorporate woodland, landscaped gardens, pleasure walks and a tennis court. The Business Post, 24th July
Tallaght, Dublin 24 Ardstone has secured permission to develop a new €70m apartment project close to Tallaght Stadium in south Dublin. In May the company applied for permission to build a 169-apartment scheme on a 3.26 acre site on Whitestown Way. South Dublin County Council has approved the application by the developer, which also included plans for two commercial units, a creche and new public open space area. The project will provide 80 one-bed, 85 two-bed and four three-bed apartments in two blocks, the highest of which will be six storeys. The planned development will also include 77 car parking spaces, with 66 under the development and 11 on-street. The company also owns the Jesuit Order’s former Milltown Park campus in Dublin 6, which it bought for €65m in 2019. The Irish Times, 23rd July
Patrickswell, Co. Limerick Fitzpatrick & Heavey Homes has expanded into the Limerick housing market after it closed a deal to buy a development site on the outskirts of the city. The company confirmed the deal as it commenced construction on the first phase of 105 homes on the 36 acre site. Fitzpatrick & Heavey Homes chief executive said the land bank acquired by the company has capacity for 400 homes in total. A spokesman for Fitzpatrick & Heavey Homes declined to disclose the purchase price of the site, which was acquired from a local private landowner. A recent report by the Department of Housing said site costs for houses in Limerick last year were €44,000 per unit, which would value the lands acquired by Fitzpatrick & Heavey Homes at more than €17.5m. The Irish Times, 22nd July
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Dublin Airport Two hotels near Dublin Airport, with a combined 423 rooms, have been sold to the MHL Hotel Collection in a deal believed to be worth in the region of €95m. CBRE Hotels and JLL, on behalf of Tifco Hotel Group, announced the sale of The Crowne Plaza Hotel and The Holiday Inn Express to the hotel group. The 4-star Crowne Plaza Hotel features 209 bedrooms and suites, while the three-star Holiday Inn Express comprises 214 guestrooms. Both hotels are located close to Dublin Airport and have an affiliation with the IHG brand. MHL Collection was founded in 2013 by partners John Malone, Paul Higgins and John Lally. The acquisition marks the 15th and 16th hotels added to their Irish portfolio. Subject to regulatory approvals, the transaction is expected to be completed by the end of summer. The Business Post, 17th July
Merchant’s Quay, Cork City The arrival of Wings World Cuisine, an all you can eat buffet restaurant with late night karaoke, will end a 13-year vacancy on the Merchant’s Quay shopping centre’s upper floor. The new Cork city centre venue, in which €1.2m will be invested, will extend across 17,000 sq. ft on the first floor, incorporating the former Kylemore premises and several additional units. It will include a 280-seat restaurant as well as three karaoke rooms which will remain open until 2am. The deal to secure Wings World Cuisine for Merchant’s Quay, on behalf of landlord Clarendon Properties, was negotiated by Savills, who has signed the tenant on a 25-year lease with five yearly reviews. The Examiner, 15th July
Ballsbridge, Dublin 4 The Health Service Executive is understood to be closing in on the purchase for approx. €40m of the former St. Mary’s nursing home, located on a 13.47-acre site immediately adjacent to St. Vincent’s University and Private hospitals. St. Mary’s was offered quietly to prospective purchasers by Avison Young on behalf of the Religious Sisters of Charity earlier this year. A strategic masterplan drawn up by Reddy Architecture + Urbanism in preparation for the sale identified the site’s potential for a “landmark multi-use development” comprising of approx. 360 apartments across a range of tenures. The HSE’s move to acquire the St. Mary’s campus is understood to be part of a longer-term strategic plan for the development of healthcare infrastructure at St. Vincent’s University Hospital and on the lands surrounding it. A portion of the hospital’s existing site is already earmarked for the development of the new National Maternity Hospital. The Irish Times, 15th July
Clontarf, Dublin 3 A mixed-use investment property in Clontarf is among the more valuable lots being offered at BidX1’s online auction on Thursday, July 23rd. It is one of 48 lots which have combined guide prices of approx. €14m. Located at the corner of Vernon Avenue and Seafield Road, the Clontarf property is known as Merchamp Centre and has a €2.1m guide price. A standalone two-storey building, extending to 3,772 sq. ft, it comprises three ground-floor retail units together with nine offices on the first floor. All the units are generating rent which totals €221,600 pa equating to a 9.85% gross yield while its operating income nets to €181,942, equating to a 7.88% NIY. Its first-floor offices, which were recently refurbished, are occupied under licence. Occupiers and customers also benefit from 20 parking spaces. The ground floor retails units include an off license, a corner shop and an insomnia coffee shop. The Irish Independent, 16th July
Killarney, Co. Kerry French drinks group Spirit France Diffusion has bought the site of Killarney Brewing and Distilling, following a long and sometimes fractious sales process for the four-acre-plus site with distillery and visitor centre. A price has not been disclosed, but the property has been on the market for a year. The 61,354sq. ft distillery facility on 4.2 acres in Fossa was put on the market last October by Cushman & Wakefield with a guide price of €5.5m. Opened in 2022, it was intended to become a tourism and entertainment hub with a visitor centre, gift shop and 260-seater restaurant. The Sunday Independent reported that a €4.8m offer made for the site last December had been followed by a higher bid in April made by a local publican and farmer. But in early May, the Irish Examiner reported that a South African firm had subsequently bid €5.895m to buy the site. The Irish Independent, 19th July
Sandyford, Dublin 18 A prominent corner property in Sandyford Business District (“SBD”) has been brought to the market by Agar with a guide price in excess of €2.75m. The Mentor Books building at 43 Furze Road extends to approx. 10,000 sq. ft and occupies a 0.5 acre site with more than 300 feet of frontage onto Furze Road and Blackthorn Road. The Mentor building is close to Beacon Hospital and a range of established occupiers including Woodie’s, Brooks, Spirit Motor Group, Frank Keane, Polestar, Volkswagen and Toyota dealerships. Today, SBD extends across more than 400 acres and accommodates approx. 1,000 businesses employing more than 26,000 people, alongside a residential population exceeding 6,000. The Business Post, 15th July
Rathcoole, Dublin 24 A detached high-bay warehouse and office facility in Greenogue Business Park in Rathcoole has been brought to the market with a €3.75m guide price. Harvey has been appointed sole selling agent for 537 Greenogue Business Park, a self-contained industrial facility extending to approx. 19,957 sq. ft on a secure 1.04 acre site. The property comprises 17,807 sq. ft of warehouse accommodation, together with 1,075 sq. ft of ground-floor offices and staff facilities and a further 1,075 sq. ft of first-floor storage space. The warehouse offers a 10-metre clear internal height, providing high-bay accommodation suitable for a range of logistics, manufacturing and distribution uses. Located within Greenogue Business Park, the warehouse is approx. 1.1km from the Rathcoole Interchange on the N7, offering direct access to the M50, the Outer Ring Road and the national motorway network. The Business Post, 16th July
South William Street, Dublin 2 Numbers 57 South William Street and 1 Coppinger Row are generating total rental income of €427,000 from three tenants and are being offered to the market by Colliers in one lot guiding €6m. Should a sale proceed at that level, the incoming owner would be in line for a NIY of 6.47%. Number 1 Coppinger Row comprises a four-storey over-basement building extending to a net internal area of 6,349 sq. ft. Number 57 South William Street is a four-storey building extending to a net internal area of 3,936 sq. ft. The two buildings are interlinked at basement level. The ground floor and basement of 1 Coppinger Row are let to Lion Hunt Limited t/a Coppinger Restaurant on a 25-year lease expiring in August 2048, at a passing rent of €145,000 pa. The upper floors are let to the Centre of English Studies Limited under a 10-year lease expiring in January 2028, generating a passing rent of €102,000 pa. Number 57 South William Street is fully let to Urbana Beauty Distribution Limited on a 20-year lease expiring in November 2044, subject to a passing rent of €180,000 pa. The Irish times, 15th July
Nationwide The British outdoor retailers Mountain Warehouse and Regatta and the gym operators PureGym, Flyefit and Anytime Fitness are among companies looking to take over the leases of EuroGiant and Born Clothing stores. EuroGiant was put into liquidation in February while Born Clothing collapsed in April. The closures resulted in 96 units being put back on to the market. Bannon reported last week that demand for the stores has been “exceptionally strong”, leading landlords and the receivers to conduct best-bid processes in some cases. Regatta has more than 30 stores across the country. Normal, the Danish retailer which opened its first Irish shop at the Ilac centre in Dublin in December and has gone on to open a further three stores in Dublin, Cork and Mullingar, has also been in discussions to move into vacant units. Interest has also come from the supermarket chains Tesco and Polonez, as well as the books retailer Waterstones. The Sunday Times, 19th July
Dún Laoghaire, Co. Dublin Deutsche Bank’s asset manager DWS has taken apartment blocks it put up for sale earlier this year off the market. In January, DWS appointed Savills to prepare 368 apartments spread across Cheevers Court and Haliday House for sale. DWS officially launched the sales process for the two south Dublin apartment schemes in March, with a guide price of €220m attached to the two schemes. The price listed represented a near 12% premium on the amount the German fund paid for the apartments six years ago. In 2020, DWS acquired Cheevers Court and Haliday House for €195m from the Cosgrave Group. The Irish Times understands DWS chose to cancel the sales process because it would be difficult to reinvest any proceeds from a transaction in another residential asset with a similar yield. The Irish Times, 18th July
Dundrum Road, Dublin 14 Eir has reignited its plans to build more than 100 apartments in south Dublin. The company has applied to DLRCC for planning permission to knock down Sommerville House, an office development on Dundrum Road, and replace it with two apartment blocks. A 2022 planning application by Eir for 111 apartments was refused by An Coimisiún Pleanála after local opposition. The planning inspector recommended it refuse consent because the scheme did not comply with a requirement under local laws to have 20% of its apartments as three-beds. In the latest planning application, the company wants to build 109 apartments. Seven would be three-beds and the rest would be divided between one – and two-bedroom units. The apartment blocks would range from two to six storeys. Eir also wants to erect ten telecommunications antennae on the roof of one of the blocks. The Sunday Times, 19th July
Clongriffin, Dublin 13 More than 700 apartments have been given the green light by Dublin City Council (“DCC”) as part of a large-scale development that is set to bring around 2,000 homes to the area. The Land Development Agency has secured planning permission for 711 apartments in Clongriffin’s Main Street, spanning more than 785,765 sq. ft. The development comprises three residential blocks, ranging in height from five to 10 storeys, and has provisions for ground floor retail, cafe and restaurant units, as well as community, arts and cultural spaces, as well as a standalone childcare facility. It comprises 50 studio apartments, 304 one-bed apartments, 351 two-bed units and 6 three-bed units, as well as communal space of approx. 6,458 sq. ft. The site will accommodate a total of 335 car parking spaces, and 1,605 bicycle parking spots. The creche must be completed prior to the occupation of 75% of the development. In total, 76 observations were filed with DCC on the project. The Business Post, 14th July
Ballincollig, Co. Cork Planning permission has been granted to O’Callaghan Properties for the development of more than 120 homes on a site in Cork formerly occupied by global tech company Dell EMC. The application for the homes on a site at Innishmore was submitted to Cork City Council by Castle Peak Properties Ltd in February, seeking to construct a large-scale residential development consisting of 130 homes at the 2.47 acre site. Castle Peak is linked to O’Callaghan Properties. However, due to plan alterations requested by the local authority, a reduced version of the development will be constructed, with 124 homes built. Other changes made to the plans include an additional eight car parking spaces, bringing the total spaces to 76. The approved development will see the demolition of the existing former two-storey Dell EMC building and ancillary plant area for the construction of 102 apartments and 22 duplex units. They will be spread across two blocks ranging in height from two to five storeys, following the omission of the sixth storey at the request of the council. It will comprise a unit mix of one-and two-bed apartment units, as well as one-, two-, and three-bed duplex units. The Examiner, 17th July
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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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