Sir John Rogersons Quay, Dublin 2 The Economic and Social Research Institute (“ESRI”) has engaged Lisney to find a buyer for its headquarter office in Dublin’s south docklands. Three Whitaker Square is being offered to the market with the benefit of vacant possession at a guide price of €10.5m. While The Irish Times understands the ESRI has yet to secure a new premises for its operations, it has looked provisionally at a number of potential options in Dublin city centre. Three Whitaker Square extends to a NIA of 25,254 sq. ft distributed over six storeys with eight basement car-parking spaces. The accommodation currently comprises fitted office space, meeting rooms, seminar facilities and staff amenities. The building is self-contained and occupies a prominent position in Dublin’s south docklands. The Irish Times, 30th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Grand Canal Street Lower, Dublin 2 Stripe’s former Dublin headquarters is being offered to let through BNP Paribas Real Estate and Savills. The One Building comprises a seven-storey over basement office building with a NIA of 46,144 sq. ft. The ground floor features a reception area and offices to the rear. The building’s floor plates typically extend to 7,136 sq. ft and offer prospective occupiers the benefit of being fully fitted. There are 44 car-parking spaces with 37 of these located at basement level and seven at podium level. Additional shower and bicycle facilities in the basement are undergoing a full refurbishment. In terms of leasing, the top two floors of the building are currently under offer to an international occupier, leaving the remaining floor area of 34,552 sq. ft available to lease over five floors in its entirety or on a floor-by-floor basis. While a quoting rent has not been set, the One Building is expected to command in the region of €62.50 psf. The Irish Times, 30th September
North Wall, Dublin 3 Knight Frank has brought Eastpoint Business Park’s Block F, a 42,988 sq. ft office investment, to market. The office is being offered for sale with a guide price of more than €4.75m. The property comprises three individual office buildings, F1, F2 and F3, extending to approx. 14,000 sq. ft each, together with 67 car parking spaces. The investment is 67% vacant with the occupied accommodation let to Jacob Douwe Egberts, Ecocem and Ecclesiastical, generating combined passing rent of €317,888 a year. Block F3 has recently been upgraded and is available for immediate occupation. The property has a WAULT of 2.42 years and a BER B rating. The Business Post, 30th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Donnybrook, Dublin 4 Argyle Square, a multi-let scheme comprising seven own-door office units located just off Morehampton Road is guiding €2.95m through Lisney. The development extends to 8,671 sq. ft of office space in total, along with 819 sq. ft of stores. The price equates to a NIY of 5.93% with a reversionary yield of approx. 7%. Argyle Square comprises seven self-contained two-storey office units, with six of the seven units let to tenants operating across the legal, professional services, telecommunications, security and interior design sectors. The WAULT is approx. 2.8 years, and all the leases are on full repairing and insuring terms. There is one vacant unit of 1,088 sq. ft which will provide the incoming owner with the opportunity for leasing and income growth. The investment also comes with 14 surface car-parking spaces. The Irish Times, 30th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Clondalkin, Dublin 22 Having paid approx. €27m to acquire Unit F, a large logistics facility at Kilcarbery Distribution Park, in late 2024, ICG Real Estate is seeking a new occupier for the property through CBRE. Located on a 10 acre site, the now-renamed Axis building extends to a total area of 223,674 sq. ft, with 21,990 sq. ft of this laid out as office accommodation. The site has extensive circulation space, along with an additional service-yard area extending to 1.75 acres, with yard depths ranging from 40m to 180m. The site and building layout lend themselves to accommodating two occupiers, with JMC Van Trans and PRL having previously occupied the space. ICG’s dedicated asset-management arm, Axel Logistics, is expected to complete a full refurbishment of the Axis building in Q4 of this year. The works will bring the property to a highly sustainable A BER rating with LEED certification. Kilcarbery Distribution Park occupies a readily accessible location and is situated just 3.5km from the N7, 5.5km from the N4 and 5.5km from Junction 9 of the M50 motorway. The Irish Times, 30th September
Half Moon St, Cork City JCD Group is planning to pump €3m into converting a vacant basement into a “destination entertainment venue” with a fully licensed bar. The new Cork city centre complex, contingent on clearance from planners, will include bowling lanes, pool tables, darts, karaoke, and a games arcade. Planning documents prepared by town planners Coakley O’Neill reveal the likely occupier is Lane7, an established UK leisure and entertainment brand, that already operates out of two Dublin premises. The riverside basement site has been assessed for flood risk by MMOS Consulting Civil and Structural Engineers and while they concluded that it is at risk of fluvial and tidal flooding, risk can be “managed and mitigated to acceptable levels” with the introduction of flood barriers/gates. The JCD Group, advised by Savills, has gone in for a change of use as the 24,000 sq. ft below-ground venue was originally earmarked for retail. The mixed-use development was acquired by a JCD-linked entity, Progressive Capital Investments ICAV, at the start of the year believed to be for approx. €30m. To date, new tenants at the upgraded building include financial software company, Empyrean Solutions, who relocated there from another JCD development on Penrose Quay. Kennedy Wilson paid O’Callaghan Properties €36.3m for the 115,000 sq. ft mixed-use development in 2019. Cork City Council is due to decide on the JCD application by November 17th. The Examiner, 30th September
Tallaght, Dublin 24 Located immediately adjacent to The Square shopping centre and within a short walk of both Tallaght University Hospital and TUD’s Tallaght campus, the former Woodies site (2.94 acres) has full planning permission for a residential-led mixed-use scheme and is guiding €5.9m through Hooke & MacDonald. The residential accommodation is across two blocks of up to seven storeys in height. Block A includes 49 senior-living apartments and communal amenity facilities, while Block B comprises 150 apartments. The approved units comprise a mix of studio, one-bedroom, two-bedroom and three-bedroom apartments. The approved commercial accommodation consists of 17 units with a combined area of 22,851 sq. ft which would be suitable for healthcare, retail, cafe, pharmacy, childcare and neighbourhood service uses. The site’s €5.9m guide price represents just a fraction of the €20m that was paid for it at the height of the Celtic Tiger era. A plan to develop 350 apartments on the site never materialised and the property was put back on the market in 2016 for €4.5m. The Irish Times, 30th September
Clonskeagh, Dublin 14 Roebuck House, a substantial period redbrick house comprising five fully let apartments in Clonskeagh, is seeking a buyer at a price of €2.25m. The investment, which is for sale through TWM, is generating gross rental income of €150,720 a year with the rents set at approx. 15% below the prevailing market rate. The accommodation at Roebuck House extends to an overall area of 6,000 sq. ft and is distributed across one three-bedroom and four two-bedroom apartments within a well-appointed, detached period redbrick house. Roebuck House is the centrepiece of a wider development known as Roebuck Court, with apartment buildings located either side of the subject property. The scheme occupies a prime location next to Clonskeagh village and close to UCD’s Belfield campus. The Irish Times, 30th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Leeson Street Lower, Dublin 2 A Georgian property, incorporating a two-bedroom mews apartment and parking space at the rear, has been brought to market for €2.15m. Colliers is handling the sale of 70 Leeson Street Lower and is offering it for sale with vacant possession. The four storey over basement mid-terrace building and self-contained mews residence extends to a NIA of 5,591 sq. ft. The main building accounts for 4,918 sq. ft, with a further 673 sq. ft in the mews apartment. The property’s Z8 zoning under the Dublin City Development Plan provides scope for a range of future uses, subject to planning permission. The Business Post, 30th September
Ringsend, Dublin 4 Lioncor has completed Batch House, a 323-home residential building at Glass Bottle in Ringsend, bringing the number of homes delivered at the scheme during 2026 to 675. Batch House was delivered on programme and completes Phase One at Glass Bottle. Lioncor has now delivered 887 homes at the scheme since November 2025. Phase Two has full planning consent for a further 586 homes across two blocks. Glass Bottle is a 37 acre regeneration of the former Irish Glass Bottle site within the Poolbeg West Strategic Development Zone and is being delivered by a consortium of Lioncor, Oaktree Capital, and Ronan Group Real Estate. On completion, Glass Bottle will provide approx. 3,800 homes for 10,000 residents, alongside more than one million sq. ft of commercial space and significant public realm. The scheme will provide a mix of social, affordable, rental, and owner-occupier homes, with 25% of the residential accommodation designated as social and affordable housing. Lauder Teacher Press Release, 2nd October
Donnybrook, Dublin 4 Cairn Homes Montrose Ltd is lodging plans with Dublin City Council this week for a new block comprising 117 further one- and two-bedroom units on the former RTE site. Cairn said the new development, Block 5, will replace initial plans refused by the planning commission in July 2023. At the time, An Coimisiún Pleanála ruled in a split decision that original plans for Block 5 were too tall for the area. The initial building ranged between nine and 16 storeys and proposed 80 residential units, a 192-room hotel, a restaurant and a gym. Cairn Homes has lodged revised plans for the block, proposing a scaled-down building ranging between eight and 13-storeys. The hotel use has been removed from the new plans, and the building will be fully residential over an active ground-floor restaurant or café. This will see the overall height of the building reduced from 55.6 metres to 44.6 metres. Cairn noted the block’s eight-storey shoulder would reflect the height of the adjoining Block 4 to the north, while the 13-storey element sits beside Block 9 and aligns with Blocks 7, 8 and 9 along the Stillorgan Road, where the permitted scheme is tallest. The Business Post, 2nd October
Nationwide Deutsche Bank’s asset manager DWS is seeking to offload more than €300m of Irish property assets as it grapples with liquidity problems at several of its German property funds. The fund is on the cusp of agreeing a €220m apartment sale to Kennedy Wilson and has placed Westend Retail Park in Blanchardstown on the market with a guide price of €90m. DWS holds ownership of the two Irish property assets through separate real estate funds. The two funds had combined negative investor outflows of nearly €1.2bn in their respective reporting periods. The portfolio DWS is selling to Kennedy Wilson comprises 368 apartments spread across two apartment schemes in Dún Laoghaire, Cheevers Court and Haliday House, which DWS acquired in 2020 for €195m. Savills is handling the sale on behalf of DWS. DWS bought Westend Retail Park from Green Reit in 2018, for €147.7m. The shopping park is now valued at approx. €93m. The Business Post has established that the park generates an annual yield of 6.15% and rental income of more than €6m a year. Tenants include Next, Lidl, Sports Direct and Waterstones. The Business Post, 3rd October
Nationwide Investment volumes reached €649m in Q3, down 6.5% from the same quarter last year. However, the profile of activity shifted towards larger transactions, with 20 deals completing at an average size of €32m, compared with €20m a year earlier. Year-to-date investment has exceeded €2bn. The largest deal in Q3 was Greystar’s €180m sale of Quayside Quarter, a 268-unit PRS scheme in the North Docklands, to Quantum Immobilien. Quayside Quarter has been owned and managed by Greystar since its completion in 2019, with the deal marking Quantum Immobilien’s entry into the Irish market. The second largest deal was Marlet’s sale of The Shipping Office to BNY Mellon, for €160m. The third largest deal was DSV’s sale and leaseback of a portfolio of industrial assets to Realty Income for approx. €70m. Savills, 5th October
Sir John Rogerson’s Quay, Dublin 2 BNY has agreed to buy its new Irish headquarters in Dublin’s south docklands from Marlet Property Group. Property industry sources estimate the deal for the Shipping Office development, comprising 177,000 sq. ft of grade-A office space, amounts to between €140m and €165m. BNY currently employs more than 1,000 staff in the Republic. Excluding floor space in the building that is already let to Danske Bank, BNY will have capacity to accommodate more than 1,300 employees once the deal goes through. The world’s largest custodian bank initially signed a lease two years ago to take on four of the seven floors. Prior to the move, BNY operated from two offices in Dublin. The acquisition follows decisions last year by the company to close regional locations in Wexford and Cork. The Irish Times, 25th September
Ballycoolin, Dublin 15 Channor Real Estate Group has engaged Deloitte to find a buyer for Cobalt House at Blanchardstown Corporate Park. The investment, which comprises three fully let buildings extending to a total area of 37,300 sq. ft and 104 car parking spaces, is guiding at a price of €9.5m, which equates to a NIY of 9.11%. Cobalt House was developed in 2000 and has undergone refurbishment over recent years, which has brought the BER rating of its three buildings up to a range between B to A3. The Cobalt buildings are 100% occupied across seven tenants, namely Emydex, Calligo, Sword Medical, KSNPM, Behan & Associates, Gem Construction, and Therakos, and are generating overall rental income of €951,000 a year. The weighted average unexpired lease term is 5.42 years. The Irish Times, 23rd September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
O’Connell Street, Dublin 1 Lanthorn is selling a retail investment wrapped around the corner of O’Connell Street and Henry Street. Comprised of five retail properties branded The Spire Collection. Savills is guiding €7.75m for the lot which comprises 31, 32 and 33 Henry Street together with 68 and 69 Upper O’Connell Street. They are fully let and generating a combined annual passing rent of €662,500. That price would enable an investor to achieve a NIY of 7.75%. The tenants in the Spire Collection have leases which extend to an average period of 7.3 years to the break option and 9.1 years to expiry. With combined floor areas totalling 8,754 sq. ft of retail and ancillary accommodation, the properties are fully let to established occupiers, including Butlers Chocolates, House of Spells, Lush, Day & Night Convenience Store and Joe Walsh Tours. The Irish Independent, 23rd September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Tyrrelstown, Dublin 15 Having paid just under €9m for a portfolio of retail units at the Plaza in Tyrrelstown in January 2022, the owner, an Irish family office, has secured just under €10m in total from the sale of the scheme in two tranches. The first of these deals saw the disposal in the first quarter of 2025 of the development’s former public house for €600,000 while the second and more significant transaction saw a UK family office acquiring the main retail portfolio. While the price paid for the retail units has not been disclosed, The Irish Times understands the off-market deal carried a value of €9.25m, or approx. €250,000 more than the €9m which had been guided by Conway Auctioneers. The Plaza consists of a mix of national and local occupiers including SuperValu, Hickey’s Pharmacy, Lemon Food Co, Carry Out Off Licence and Paddy Power. Built by Twinlite 21 years ago, the wider Tyrrelstown scheme comprises one of the largest residential developments undertaken in Ireland, with more than 2,000 residential dwellings, approx. 89,997 sq. ft of town-centre retail and commercial space which includes a large Lidl store, the four-star Carlton Hotel Blanchardstown, along with a number of schools. The Irish Times, 23rd September
Dublin Carved is set to open two new stores in Dublin by next summer. The sub-maker already has stores in Ballsbridge, Grand Canal Dock and Charlemont, and is set to take up an almost 1,300 sq. ft unit in Dundrum Shopping Centre, which is set to open in late 2026. It has also agreed to take up a 1,000 sq. ft unit on Dublin’s Dawson Street, which is due to open during the second quarter of 2027. Carved first opened its doors in Grand Canal Dock in April 2022. This was followed by a second store in Ballsbridge in April 2024. Since then, the group opened up a third location in Charlemont in June of this year. The Business Post, 24th September
Walkinstown, Dublin 12 EP Mooney Centre on Dublin’s Long Mile Road, a fully let retail warehouse, motor showroom and industrial trade investment is being offered for sale through Bannon at a guide price of €12.9m. The subject property comprises five individual blocks extending to a combined area of 91,672 sq. ft. The property includes a car showroom, four retail-warehouse units and four industrial-trade units. The scheme is fully let and generating a total passing rent of approx. €1.028m pa from a strong tenant base that includes Mooney’s Hyundai, Kube Interiors and Giant Bicycles. The investment has a weighted average lease term-certain of more than 12 years. Should a sale proceed at the guide price, the new owner would be in line for a NIY of 7.25%. The Irish Times, 23rd September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Grafton Street, Dublin 2 Number 109 Grafton Street is being offered to the market through Colliers at a guide price of €2.35m. Should a sale take place at that level, the incoming owner would be in line for a NIY of 6% based on the property’s current rental income of €155,000. The subject property comprises a mixed-use building of 2,730 sq. ft. The ground floor and basement account for approx. 975 sq. ft of that space while the four upper floors extend to an overall area of 1,755 sq. ft. The ground floor and basement are let to Iris Galerie on a four years and 11 months lease commencing in April 2025 at a passing rent of €110,000 a year, while the upper floors are occupied by Gloss Nail Boss Academy on a four years and 11 months lease commencing in November 2024 at a passing rent of €45,000 a year. The current owner secured planning permission in September 2023 to convert the upper four floors from commercial to residential use. The approved scheme allows for the installation of four one-bedroom apartments across the building’s first to fourth floor levels. The Irish Times, 23rd September
Ballymount, Dublin 24 BDM Property is guiding €2.25m for Units 16 and 17 at Fashion City, the well-known light-industrial and retail showroom complex built by Park Developments. The units are fully let and generate annual rental income of €200,123 pa. The subject property comprises a two-storey industrial/showroom premises extending to a GIA of 17,847sq. ft. The accommodation is distributed across ground and first-floor levels and is configured as a mix of retail, showroom, retail warehousing and ancillary accommodation. Ground floor occupiers include Fairy Godmother, Halpenny Golf and Jessica Graaf, while The Beauty Suite occupies the entire first floor. The Irish Times, 23rd September
Blackrock, Co. Dublin A French property fund is the frontrunner to buy Frascati shopping centre and its adjoining apartments in south Dublin. Arkéa REIM is working with Atland IM to buy the mixed-use scheme. The mall was put on the market this year with an asking price of more than €80m. Its owner Invesco purchased the centre in 2015 for €68m. It went on to redevelop the mall, including the construction of 42 rental apartments on top of it. It also secured planning permission for another 120 units. More than ten parties bid on the centre, according to property website Green Street News. Arkéa REIM entered the Irish market in March when it paid more than €16m for Hawthorn House at Plassey Innovation Campus in Limerick. The Sunday Times, 26th September
Powerscourt, Co. Wicklow The Slazenger family are preparing to build up to 100 homes if the county council goes ahead with a proposal to rezone nearly 16 acres of the demesne for new residential development. The land is currently unzoned. Brock McClure submitted a proposal this year on behalf of a company controlled by the Slazengers, seeking to rezone the land. The company is seeking a “lower density” approach to the new site, which it said should accommodate between six and eight homes per acre. In its proposed changes to the development plan, Wicklow County Council said the scheme should include a “wide range” of housing types and sizes, including units suitable for older people. The Sunday Times, 26th September
Bray, Co. Wicklow Savills Ireland and Dillon Marshall, on behalf of Ballymore, has brought a recently completed build-to-rent scheme at its Sea Gardens development in Bray to the market for €34.5m. Shoreside at Sea Gardens comprises 62 rental homes on the Bray waterfront, together with approx. 14,000 sq. ft of commercial accommodation. The residential element of the offering comprises 35 one-bedroom apartments, 23 two-bedroom apartments and four three-bedroom townhouses. The scheme forms part of Ballymore’s wider Sea Gardens masterplan, which will ultimately comprise more than 1,200 homes. The homes were launched for rental in early 2026. Rental listings for the scheme have advertised one-bedroom apartments from €2,050 a month, two-beds from €2,550 and three-bedroom townhouse apartments from €3,400. The Business Post, 25th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Portobello, Dublin 8 Two refurbished residential investments comprising 17 fully occupied units have been brought to the market with a combined guide price of €4.065m. Artis is offering 18 and 35 Synge Street separately, with No. 18 guiding €1.87m and No. 35 seeking €2.195m. Both properties are described as Pre-’63 investments. No. 18 is an end-of-terrace building arranged over three levels and contains eight self-contained units: five studios and three one-bedroom apartments. It was extensively refurbished about five years ago and is fully occupied, generating gross annual rental income of €153,960. At the €1.87m guide price, that represents a gross yield of approx. 8.23%. No. 35, also an end-of-terrace property, extends over four floors and contains nine units: six studios, two one-bedroom apartments and one two-bedroom apartment. It has also been refurbished and is fully occupied, generating annual gross income of €177,804. The €2.195m guide price reflects a gross yield of approx. 8.1%. The two buildings are being offered separately by private treaty. The Business Post, 24th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Tyrellstown, Dublin 15 A large-scale site at Tyrellstown is being offered to the market through Lisney at a guide price of €16.5m. The 30.42 acre site is zoned HT (High Technology) under the Fingal County Development Plan 2023-2029. This designation allows for a range of developments including pharmaceuticals and life sciences, biotechnology, medical technology and devices, advanced and high-technology manufacturing, research and development, technology companies, healthcare-related uses and data centres, together with high-specification industrial and business occupiers. The Irish Times, 23rd September
Michan Street, Dublin 7 Cushman & Wakefield is guiding €3m for a brownfield site with full planning permission for the development of a 48-bedroom boutique hotel. The subject site is directly opposite the city’s Victorian fruit and vegetable market, which is currently undergoing a full refurbishment by Dublin City Council. The €44m project, which is expected to take just over two years to complete, will see the restoration of the 64,583 sq. ft building followed by the installation of 80 market stalls alongside a restaurant, food demonstration space and an outdoor farmers’ market. The hotel development site extends to 0.074 acres and has full planning permission for a 48-bedroom hotel extending to a total area of 22,345 sq. ft distributed across a part seven-storey and part eight-storey building. A feasibility study prepared by HKR Architects in advance of the sale suggests the site has potential alternatively for a hostel-led scheme comprising up to 414 bed spaces, subject to planning permission. The Irish Times, 23rd September
Clonmel, Co. Tipperary A 152 acre landholding is being offered for sale by the HSE with a guide price in excess of €2.95m, with much of the site zoned for employment use. Quinn Agnew and REA Stokes and Quirke have been instructed to jointly sell the Heywood lands. The property is being offered as a single lot and comprises approx. 100 acres of tillage land, with most of the balance in grass. The land forms part of a wider HSE holding in an area associated with Clonmel’s healthcare history. Sections of the wider HSE holding have been sold over time, with the remaining land now being offered as surplus to the HSE’s requirements for service delivery. While the holding is currently in agricultural use, most of the land is zoned E for employment. A further 51 acres fronting the N24 has recently been designated SR, or Strategic Land Reserve. The Business Post, 22nd September
Ballsbridge, Dublin 4 Savills has been appointed by Interpath to sell Shelbourne House and 23 Shelbourne Road. At €34m, the combined guide price represents approx. €386 psf on the 88,000 sq. ft accommodation. The two standalone buildings sit on a 1.2 acre site and are being offered by private treaty, either together or separately. Shelbourne House extends to 62,903 sq. ft over seven floors and produces €2.01m in annual income. It has a number of vacant floors, leaving scope for refurbishment, asset management or repositioning, subject to planning. Its tenants include the Office of Public Works and the Malaysian Embassy. Savills was last appointed to sell Shelbourne House in 2016, when it was guided at €31m. The reported capital value at the time was approx. €482 psf. The second property, 23 Shelbourne Road, extends to 25,329 sq. ft and is multi-let to seven occupiers, generating €1.06m a year. Refurbished in 2016, it provides office suites ranging from approx. 1,400 sq. ft to 5,400 sq. ft, with one floor vacant. The Business Post, 16th
Suffolk Street, Dublin 2 20 Suffolk Street is being offered for sale by Savills at a guide price of €4m. The property comprises a midterrace three-storey over-basement building extending to a NIA of 5,597 sq. ft and is generating rental income of €284,472. The ground floor and basement are leased to Custom Burger Ltd for a term of 25 years from September 2010, at a passing rent of €160,500 a year. The restaurant is currently subleased to Suffolk Catering trading as Boeuf & Coq until the expiration of the head lease. The upper floors underwent an extensive programme of refurbishment and have own-door street access to Talence Ontology Dental, subject to an annual passing rent of €42,504. The lease provides for a tenant-break option in August 2028. The remaining upper floors comprise three fully furnished one-bedroom apartments. All three units are dual-aspect and have south-facing outdoor terraces along with storage space. The apartments are generating total rental income of €78,468 a year. Should a sale of the property proceed at the €4m guide price, the purchaser would be in line for a NIY of 6.4%. The Irish Times, 16th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Parnell Street, Dublin 1 Norths is guiding more than €6m for Parnell Plaza, a property with office, retail or leisure potential. The property, which extends to 31,860 sq. ft over ground and first-floor levels, has had planning permission for retail, office and family entertainment uses and open plan and flexible floor plates can accommodate a range of uses including showroom, educational, and medical uses, subject to planning permission. The price equates to €187 psf. Fit-out includes escalator, passenger lift and staircases, cellular rooms, meeting or training rooms, staff facilities, storage, toilets, and ancillary accommodation. Parnell Plaza also contains Lidl, Leonardo Hotel and various shops on its ground floor. The Irish Independent, 17th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Donabate, Co. Dublin One of Ireland’s biggest distribution hubs has been put up for sale with a guide price of €165m, according to a report by UK property website Green Street News. The distribution centre, developed and let to Tesco, extends to 788,069 sq. ft and the purpose-built facility is among the largest logistics buildings in Ireland. It also follows the most valuable ever Irish deal in the sector earlier this year, which saw GIC team up with Valor to buy Horizon Logistics Park near Dublin Airport for €500m. The guide price quoted by Cushman & Wakefield for the Tesco hub is €5m more than the €160m that DTZ Investors paid for it, on behalf of KTB Investments & Securities and KTB Asset Management, in 2019 in an off-market deal. It occupies a 48 acre site with immediate access to the M1 motorway. It is equipped with 80 dock levellers, loading bays, 50-metre deep service yards and an on-site wind turbine. An attraction for investors is also expected to be its long-term lease, which will not expire until December 2040, providing more than 14 years of secure income. The Irish Independent, 18th September
Dún Laoghaire, Co. Dublin Mounttown Business Park is being offered for sale through Cushman & Wakefield at a guide price of €3m. It currently comprises seven commercial units, with six of these occupied and generating combined annual rental income of €241,800. The final unit is the subject of lease negotiations at present. Should a deal for this unit be concluded, Cushman and Wakefield estimate the development’s overall rental income will increase to €291,800 a year. All the leases have deeds of renunciation executed. Mounttown Business Park occupies a 0.63 acre site, which is zoned Objective NC (Neighbourhood Centre) under the Dún Laoghaire Rathdown County Development Plan 2022-2028. The subject site has a positive planning history dating back to 2007, when it was the subject of approval for the development of 27 apartments. The Irish Times, 16th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Inchicore, Dublin 8 A 2.9 acre industrial site primed for regeneration as a residential scheme is being offered to the market by CBRE at a guide price of €10m on behalf of Mashup Group. Located on the northern side of Kylemore Way and Jamestown Road, the site forms part of Phase 1 of the Kylemore Masterplan area. Adopted as a variation to the Dublin City Council Development Plan 2022 – 2028 earlier this year, the masterplan is also a part of the City Edge strategy, an initiative targeting the delivery of between 4,000 and 5,000 new residential units within the wider area. The subject site has the capacity to accommodate at least 400 of those potential homes according to a feasibility study prepared in advance of its sale. The details of this proposed development will be made available by CBRE to prospective purchasers on request. The Irish Times, 16th September
Smithfield Market Square, Dublin 7 The company behind the Light House Cinema has applied to Dublin City Council for planning permission to “upgrade and expand” its premises. The development involves converting a former retail unit on the corner of Queens Street and Blackhall Walk into a cinema. Plans for the unit include two new screening rooms which will expand the cinema’s capacity by 80 seats, accommodating 35 people in the first room and 45 in the second. This will bring the overall seating capacity to 694 people. The proposed works to the former retail unit include removing the entrance lobby and doors, modifying the windows, and installing stone and metal cladding. They also include an emergency escape door, new signage, bespoke artwork, specialised lighting, and a display window. Ancillary zones, including “circulation” paths and restroom facilities, will span approx. 2,314 sq. ft, with direct connectivity to the existing Light House premises. The total gross floor area of the proposed extension is approx. 4,144 sq. ft. The Business Post, 21st September
Castleknock, Dublin 15 D One Five has come to the market and BDM Property are offering interested parties the option of either buying it or taking a lease. It has a guide price of €2.5m or a rental guide of €200,000 pa. The property occupies the ground floor and basement of a two-storey over basement property within the Ashleigh shopping centre. It extends to 5,328 sq. ft over ground and basement levels. The ground floor extends to 3,014 sq. ft and accommodates a lounge bar, restaurant, coffee shop and catering kitchen along with customer toilets. The basement extends to 2,314 sq. ft with additional customer toilets, staff changing facilities, an office, a large food-prep kitchen with dumbwaiters and food cold room, a beer cold room and a walk-in food freezer. Outside, there is a large beer garden with a retractable awning. Adjoining occupiers include a gym, bookmakers, dentist and doctor’s surgery, food takeaway, coffee shop, off-licence/wine shop, boutiques and restaurants. The Irish Independent, 17th September
Dundrum, Dublin 14 Hibernia Real Estate Group has instructed CBRE to bring a portfolio of 293 rental apartments to the market, with a guide price of €130m. The Irish Times understands that the Dundrum Collection, which comprises 213 apartments in Block 3 at Wyckham Point and 80 apartments in Dundrum View, will be offered for sale as a single lot or separate lots. The proposed sale price equates to an average of €444,000 per apartment. There are 386 car parking spaces. Hibernia is understood to have received several offers in excess of €130m for the Dundrum Collection when it put the portfolio up for sale originally in 2023. They comprise a mix of one-, two- and three-bedroom units. Should a sale proceed at the €130m price, the portfolio would be expected to show a reversionary yield of approx. 6% once it is fully let and stabilised at its full estimated rental value. The Irish Times, 16th September
Ballsbridge, Dublin 4 A pair of period buildings on Pembroke Road containing 25 apartments, together with development land, a mews and income-producing car parking, is being offered for sale by public tender with an asking minimum value of €7.75m. Numbers 69 and 71 Pembroke Road, together with 70 Pembroke Lane, occupy approx. 0.55 acres. The pre-’63 buildings are being offered in three lots: the residential buildings and parking income, the rear site and mews, or the entire holding. The two three-storey-over-garden-level buildings are divided into 25 self-contained apartments comprising 12 studios, eight one-bedroom units and five two-bedroom apartments. The buildings extend to approx. 10,215 sq. ft combined, with No 69 measuring 5,619 sq. ft and No 71 some 4,596 sq. ft. The investment also includes extensive car parking, which generates €72,000 a year under a licence agreement. Presently there are four units vacant. The second lot includes 0.16 acres at the rear, described as having development potential subject to planning permission, together with a derelict mews of approx. 710 sq. ft opening onto Pembroke Lane. The Business Post, 15th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Capel Street, Dublin 1 A residential investment of 11 apartments is being brought to the market by Colliers with a guide price in excess of €4.25m. Numbers 37 and 38 Capel Street generate gross annual income of approx. €330,192 and extend to 9,031 sq. ft, with an average apartment size of 825 sq. ft. The investment comprises nine two-bedroom apartments and two penthouse one-bedroom apartments. The accommodation is divided between three period apartments at the front of the building and a modern block of eight apartments to the rear. Capel Street has undergone significant regeneration in recent years and is now characterised by a mix of independent retailers, cafés, restaurants and cultural venues. At a guide price above €4.25m, the GIY based on the stated annual income is approx. 7.77%, before acquisition costs and other expenses. The Business Post, 15th September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Tallaght, Dublin 24 Broomhill Road site has been brought to the market by Savills at a guide price of €3.5m. Located at the junction of Broomhill Road and Greenhills Road, the site, which extends to 1.13 acres, comes to the market with full planning permission from An Coimisiún Pleanála (“ACP”) for the development of 75 apartments and duplexes. The subject site is zoned REGEN under the South Dublin County Development Plan 2022-2028. In February 2025, ACP granted planning permission to the current owner, the Atlantico Partnership, for the development of 75 apartments and duplex units across three blocks ranging in height from five to six storeys, together with 6,555 sq. ft of commercial space at ground-floor level, 33 surface car-parking spaces and 190 bicycle-parking spaces. The approved apartment scheme will comprise 37 one-bedroom units, 29 two-bedroom units and nine three-bedroom units. The Irish Times, 16th September
Nationwide The number of new homes granted planning permission increased by 60% in Q2 of this year, reaching its highest level in more than four years. Planning permission was granted for 11,912 homes between April and June, an increase from 7,447 during the same three months last year, new figures from the Central Statistics Office (CSO) show. The increase looks to be driven by apartments, with 5,637 approved during the quarter. This is an increase of 107% from 2,725 recorded in the same period last year. The number of houses granted permission increased by 33%. Houses still accounted for a slightly larger share compared with apartments, with 6,275 approved. Dublin and Cork accounted for more than half of all the homes approved during the three-month period. The Irish Independent, 18th September
IFSC, Dublin 1 4 Custom House Plaza is being offered to the market by TWM at a guide price of €10m. Should a sale proceed at that level, the new owner would be in line for a NIY of 8.45%. The sale comes 10 months after Ardvest’s acquisition for €24m of the neighbouring properties, numbers 3 and 5 Custom House Plaza. Those two buildings extend to a total NIA of 60,606 sq. ft and are generating €2,656,974 in annual rental income. Number 4 Custom House Plaza extends to a NIA of 19,500 sq. ft distributed over five floors, with 20 secure basement car-parking spaces. The building is fully let to five tenants and is generating annual rental income of €929,414. The property is situated immediately adjacent to Connolly Station. The Irish Times, 2nd September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Cork Airport Business Park A multi-let office investment in Cork Airport Business Park has come to the market and Savills is guiding €6.3m. That appears to be a substantial discount to the price that the building, 5200 Cork Airport Business Park, sold for in 2018. At that time, The Irish Examiner newspaper reported that it was purchased by Irish/Singapore investor Fine Grain for €8.5m. The property is multi-let to four established tenants, including Aviva Insurance Ireland DAC, Aon Solutions Ireland Limited, Genesis Automation Limited, and Clear Insurance Ireland, formerly MBC, producing a combined rental income of €557,401 pa. That suggests a GIY of approx. 8.9%. The building also offers further income growth potential through the leasing of the remaining vacant first-floor accommodation of 21,636 sq. ft which would account for approx. 39% of the gross floor space of 55,887 sq. ft in the three-storey, standalone modern office building. At the time of Fine Grain’s purchase, it intended to refurbish 20,000 sq. ft of vacant space. The investment opportunity is being offered for sale by private treaty, with tenants unaffected. The Irish Independent, 3rd September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
East Point Business Park, Dublin 3 A three-storey office building at East Point Business Park is being brought to the market for €4m, with a NIY of more than 10%. JLL is handling the sale of Block G by private treaty. The property extends to 26,669 sq. ft and comes with 42 car parking spaces. The building is primarily let to Activision Blizzard Ireland producing annual rental income of €445,564. Block G currently has a B3 building energy rating, with an “actionable pathway” identified to achieve an A3 rating. East Point Business Park occupies a 40 acre landscaped campus and is home to occupiers including Oracle, Google, Enterprise Ireland and Ergo. The Business Post, 3rd September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Monkstown, Co. Dublin Koula Rooms, a fully let student-accommodation scheme comprising 28 bed spaces across two detached two-storey blocks is being offered to the market by Colliers at a guide price of €4.5m. Koula Rooms generates income across the academic year and summer letting periods. The development’s gross and net income stand at approx. €357,000 and €307,000 a year respectively. The asking price of €4.5m reflects a capital value of approx. €150,000 per bedspace and a NIY of approx. 6.53%. Located on Abbey Road and within a short walk of the campus of the Institute of Art, Design and Technology, which has approx. 2,500 enrolled students, the subject property comprises eight self-contained three-bedroom apartments. Each bedroom benefits from its own en suite bathroom, accommodating a total of 28 student bedspaces across single and twin-occupancy configurations. The scheme extends to a total area of 5,502 sq. ft and has recently undergone a comprehensive refurbishment programme. The Irish Times, 2nd September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Saggart, Dublin 24 Knight Frank is guiding a price of €6.85m for 2024 Bianconi Avenue at Citywest Business Campus. The subject property comprises a two-storey office headquarters building of 19,127 sq. ft, together with a self-contained warehouse extending to 30,278 sq. ft. The offices, which are vacant, have a flexible layout incorporating both open-plan areas and cellular offices/meeting rooms. The South Dublin County Development Plan 2022-2028 permits office, industrial, science/technology-based uses. Appropriately scaled commercial healthcare uses may also be considered for the property subject to further consultation. The warehouse has independent access and is let to Hevac Ltd until December 2030. Number 2024 occupies a site extending to 3 acres, with frontage on to the N7. The Irish Times, 2nd September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Santry, Dublin 9 Minaun Capital is understood to be in talks to sell Gulliver’s Retail Park in Santry to Union Investment. While the proposed deal has yet to be finalised, Minaun is on course to secure a significant return on its original investment. The company acquired Gulliver’s Retail Park for approx. €29.5m in April 2024. Union Investment is believed to be weighing the purchase of the property for approx. €45m. Should a deal proceed at that level, Minaun would be in line for a gross uplift of 52.5% on their original outlay. Built in 2005 by Cosgrave Property Group as part of a wider retail and office development comprising 270,000 sq. ft of space, the retail park extends to 142,740 sq. ft along with over 650 car-parking spaces. The scheme’s line-up includes Homebase, Lidl, EZ Living Interiors, Jysk, Petmania, McCabes Pharmacy, Eurospar, McDonald’s and Costa Coffee. The Irish Times, 2nd September
For lending terms on this asset please contact rossmetcalfe@origincapital.ie
Nationwide Paddy Power, owned by Flutter, will close up to 100 stores across the UK and Ireland by the end of the year. The move, which Flutter said is a review of its retail footprint, comes amid higher rents, energy costs and the hiking of gambling taxes in the UK, means up to 400 jobs are at risk of redundancy. The closures represent a potential fifth of Paddy Power’s retail footprint, with it having 196 shops in Ireland and 310 in the UK, including Northern Ireland. Last October, the Business Post revealed Flutter was closing 28 Paddy Power bookmaker shops in Ireland and a further 29 in the UK, including one in Northern Ireland. The Business Post, 3rd September
Eyre Square Centre, Co. Galway Normal is to open its first store in the west of Ireland after agreeing a 10-year lease at Eyre Square Shopping Centre. The retailer has taken a 3,946 sq. ft unit on the first floor of the shopping centre, formerly occupied by Bron. The store will be located beside Flying Tiger Copenhagen and Penneys. Colliers advised on the letting. The unit was acquired by Lanthorn while vacant in March this year and has now been re-let. Normal, which has been expanding its Irish presence, recently opened its first Dublin store at the Ilac Centre on Henry Street. The Business Post, 3rd September
Ormond Quay Upper, Dublin 7 The redevelopment of the site of the former Ormond Hotel may have moved a step closer following the property’s sale to a group of Irish investors. Having paid approx. €2.5m in 2013 to secure ownership of the Victorian-era hotel, Monteco Holdings has sold the site in an off-market transaction brokered by CBRE for approx. €12m. It remains unclear whether the Ormond Hotel site’s new owners will pursue the development of the hotel for which Monteco finally secured planning permission in 2017 or submit a new planning application of their own. The current planning consent provides for the development of a 120-bedroom hotel, along with food, beverage and meeting facilities distributed across 62,970 sq. ft over seven floors. The Irish Times, 2nd September
Dunbur Lower, Co. Wicklow Niall Molloy, Echelon founder and property developer, has struck a deal to buy a 31-acre development site outside Wicklow town for up to €7m which could accommodate up to 400 new homes. Molloy acquired the land through Beakontech Dunbur Limited. Filings with the CRO show that Beakontech agreed to purchase the entire issued share capital of Seedam Limited, the company through which the lands were held. While the terms have been agreed, the full payment for the site is contingent on the site being rezoned for residential development. Seedam had previously sought residential zoning for the property, which is currently listed as unzoned land, but was unsuccessful. The property was designated as a strategic land bank under the previous Wicklow Town-Rathnew Development Plan, where it was being held for future community expansion and not used immediately for development. Wicklow County Council is preparing amendments to its county development plan to identify additional land for residential zoning. The Business Post, 2nd September
Milltown Park, Dublin 6 Ardstone has secured planning permission from An Coimisiún Pleanála (“ACP”) for a revised 562-home residential scheme at Milltown Park. The scheme will comprise 556 apartments and six courtyard houses, alongside a café or restaurant and crèche. It is the third planning approval for the Milltown Park site from ACP and the third time Dublin City Council has supported proposals for the site. The latest plans represent a substantial reduction on the previously approved scheme, with the number of homes cut from 636 to 562. The maximum building height has also been reduced from 10 storeys to eight. The redesign follows legal challenges to the two previous permissions. Although permission had already been secured, Ardstone said it chose to amend the proposals to address concerns raised in those challenges and provide a clearer route towards delivery. The approval does not, however, mark the end of the planning history surrounding the site. Two further applications remain live. A Strategic Housing Development application is awaiting a decision from ACP, while Ardstone’s first Large-Scale Residential Development application is expected to come before the courts later this year. The Business Post, 3rd September
Straffan, Co. Kildare Sherry Fitzgerald is selling a 30 acre landholding just outside the village of Straffan on behalf of their client. Located directly across the road from the entrance to the five-star K Club hotel and golf resort, and positioned along the river Liffey at Straffan Bridge, the lands at Lodge Park are being offered to the market at a guide price of €2.25m. The subject property is zoned for agricultural use at present and comprises two large grass fields with mature boundaries, a substantial barn and two-storey farm building. The land has road frontage of approx. 200m from Straffan Bridge and it has direct access to the river Liffey along an 800m stretch running towards Castledillon. While the subject property’s potential in the short to medium term is likely to remain confined to its current agricultural use, prospective purchasers will take note of plans being progressed for a nursing home and housing on nearby lands. The Irish Times, 2nd September
Magheramore, Co Wicklow The international headquarters of the Missionary Sisters of St. Columban and lands at Magheramore have been placed on the market through Bannon at a guide price of €4.5m. The asset sitting on 50 acres is located directly across the road from the entrance to Magheramore beach. There are several buildings arranged across two clusters on the site, and these extend to a total area of 78,766 sq. ft of accommodation that includes 111 bedrooms. The buildings include the original Magheramore period house. Built around 1870 and known originally as Seapark House, the property has a large extension that houses the complex’s main bedroom accommodation and a church, built in the 1960s. A nursing home, which operated until last year, has 24 en-suite bedrooms and interconnects with the main building. The Bobbio Centre, which consists of 12 en-suite bedrooms, a five-bedroom cottage and offices, is located in a separate area of the site and there is a gate lodge at the main entrance to the complex. The Irish Times, 2nd SeptemberTullamore, Co. Offaly Jordan Auctioneers are selling a substantial residential development site in Tullamore at a guide price of €4m. The Tullamore site has planning permission for 92 houses on one part of the site known as The Meadows, while another part of the site is considered to have potential for a further 38 semi-detached houses. The Tullamore holding comprises a 10.77 acre infill site situated off Bachelors Walk and Church Road, close to Tullamore town centre. Approx. 7.53 acres benefit from full planning permission for the 92 houses, most of which would be three-bedroom terraced units as well as some semi-detached houses. The Irish Independent, 3rd September
Copley Street, Cork City Greystar has made its fourth investment in Ireland’s PBSA sector, with the acquisition of Copley Court in Cork from Elkstone. While the price paid for the 265-bed complex has not been disclosed, The Irish Times understands that Greystar paid approx. €33m for the property. The figure equates to an average of €124,528 per bed space. News of the deal comes just two months after Greystar completed its purchase for €37m of a 216-bed student accommodation scheme on Church Street in Dublin from Valeo Groupe. Greystar’s student-accommodation portfolio comprises a total of 2,171 beds following its latest acquisition, making it one of the largest owner-operators of student accommodation in Ireland. Since being relaunched in 2019, Copley Court has operated at or near full occupancy. It will now operate under Canvas Student, Greystar’s pan-European student accommodation brand. The Irish Times, 25th August
Henry Street, Dublin 1 16 Henry Street is available to lease through Colliers with indicative terms available on application. The accommodation, which recently underwent a refurbishment, extends to three floor areas. A ground floor retail area (1,118 sq. ft), a first floor retail area (962 sq. ft) and a basement ancillary (1,190 sq. ft). The property is available on a new lease. 16 Henry Street is immediately adjacent to Arnotts Department Store and directly opposite the newly opened Sports Direct flagship store. The expanded Zara store, due to open shortly, is also located opposite the property. Other leading retailers in the immediate vicinity include Dunnes Stores, Mango, Levi’s, Boots and Normal’s first Irish store. Colliers Press Release, 27th August
Oranmore Business Park, Co. Galway Unit 6, Ard Oran, comes to the market fully let to US-headquartered Cisco at a guide price of €8.5m through TWM. Should a sale proceed at that level, the new owner would be in line for a NIY of 9.52%, rising to 10.32% following a fixed rental uplift from November 2027. Built in 2007, the subject property comprises a modern office building of four storeys over a basement level. The property, which extends to 52,393 sq. ft excluding the basement, is occupied in its entirety by Cisco Systems Internetworking Ireland Ltd under the terms of a 25-year FRI lease effective from November 2007. Following a recent lease restructuring, the tenant’s remaining tenant-break option was removed, resulting in an unexpired lease term of approx. 6.2 years. The investment is currently generating €890,000 in annual rental income, with a fixed rental increase to €965,000 a year from November 2027. The Irish Times, 26th August
Swords Business Park, Co. Dublin The former headquarters of facilities services provider Bidvest Noonan in Swords Business Park has been brought to the market through Lisney with a €2.75m asking price. The detached office building extends to approx. 19,231 sq. ft and occupies a prominent position in Swords Business Park. A particular feature of the property is its parking provision, with approx. 64 spaces available through a combination of surface and undercroft parking. Other occupiers in Swords Business Park include An Post, Siemens Healthcare, Renishaw and Arvato. Swords Business Park is approx. 1km east of Swords Main Street and The Pavilions Shopping Centre, between the M1 motorway and the R132 Swords Bypass. The Business Post, 27th August
Fenian Street, Dublin 2 Monzo is set to move into X’s offices on Fenian Street as part of a sublease agreed with Elon Musk’s social media firm. The UK neobank will move from its current offices at WeWork’s campus on Dame Street as part of a lease signed in recent weeks. It is set to take approx. 16,000 sq. ft of office space, enough for 150 desks at One Cumberland Place which has been occupied by X. Monzo has made Ireland the site of its EU headquarters as part of its push into Europe, having received a banking licence from the Central Bank of Ireland last December. Monzo invested €71m of capital into its Irish-headquartered European operation as part of its successful move to secure a banking licence. The Business Post, 29th August
Tara Street, Dublin 2 The Irish Times is exploring plans to move its headquarters from Tara Street after 20 years at the premises. The newspaper has hired Cushman & Wakefield to draw up a list of office spaces in Dublin city centre with floorspace of approx. 30,000 sq. ft. The paper has a 25-year lease on its current HQ, a building that is owned by Dublin City Council (“DCC”), but this is set to expire in 2030. The paper has not ruled out seeking a new lease on its current office from DCC. The Irish Times moved to Tara Street in 2006, leaving its previous head office on D’Olier Street, which it had occupied for 111 years. The most recent available accounts show the Irish Times in 2024 reported turnover of €115.6m, ending the year with a profit of €4m. It employed 837 staff in the period, which represented a decline from 874 employees a year earlier. That year, the group completed the acquisition of RIP.ie, the digital death notice platform, which it said was part of a strategy to expand its range of digital products and services. The Business Post, 29th August
Great Victoria Street, Belfast Having paid approx. €23m to secure ownership of Belfast’s Fitzwilliam Hotel in 2015, businessman Michael Holland has instructed CBRE to find a buyer for the five-star property. The hotel, which began trading in 2009, is being offered to the market on a freehold basis at a guide price of €37.4m. A part of the Fitzwilliam Hospitality Group which also includes The Fitzwilliam Hotel in Dublin and well-known restaurants and bars such as Glovers Alley, Floritz, Cellar 22 and the Bailey, Belfast’s Fitzwilliam Hotel comprises 146 bedrooms and suites. The hotel is owner-operated and unencumbered, providing incoming purchasers with the full flexibility to either retain the operation under the Fitzwilliam name, subject to licence, or to rebrand the hotel. The current owners secured planning permission in June for the addition of 52 large bedrooms and suites, a conference centre, gym and a luxury spa with swimming pool and eight treatment rooms. The Irish Times, 26th August
Nationwide A new report highlights the rapid decline of the Irish pub industry, with a quarter of all pubs closing their doors since 2005 and the report’s author predicting up to 1,000 further premises could follow suit. The report compiled by DCU Economist Anthony Foley, shows that 2,205 premises, or one in four, have closed their doors since 2005. The decrease saw pub numbers fall from 8,617 to 6,412, an average of 110 per year. The number of pubs which closed their doors last year was 86, up from 65 in 2024 but down from 117 in 2023. The highest proportion of closures was in Limerick, with 37.2% calling time, followed by Offaly (-34.1%) Cork (-32.7%), Roscommon (-32.3%), Tipperary (-32.0%), Laois (-30.6%), Longford (-30.1%) and Westmeath (-30.0%). The lowest decrease was in Dublin with a drop of 1.1%, followed by Wicklow with a decrease of 9.5%. The report was commissioned by the Drinks Industry Group of Ireland which has called for the Government to use the upcoming Budget to introduce a 10% cut in excise, which currently stands as the second highest in the European Union. The Irish Examiner, 1st September
Clongriffin, Dublin 13 Ires Reit is in advanced talks to buy Two Three North, a 282-apartment development in north Dublin. Tristan Capital Partners and Twinlite put the scheme on the market in February with an asking price of €117.5m. The acquisition will mean Ires increases its portfolio size by approx. 8%. The company owned 3,611 residential units at the end of June in a portfolio worth approx. €1.25bn. Ires’s interim half-year results, reported this month, were its strongest in more than five years. Its gross rental income was €43.1m for the six months to the end of June, and it posted a pre-tax profit of €48m, up from €16m in the previous period. Two Three North was completed by Tristan Capital Partners and Twinlite in 2022 as a build-to-rent scheme. Onsite facilities include co-working areas, a gym, cinema and residents’ lounges. Rent roll in 2026 is expected to be €7.4m. Forty-six of the 282 apartments are leased to DCC, which pays an annual rent of €927,000. The Sunday Times, 30th August
Nationwide Castlethorn is planning to build more than 7,000 homes in the greater Dublin area with the support of Avenue Capital. The New York based Avenue agreed to invest €125m to help with the delivery of the homes. It will make an initial €100m capital commitment, taking a minority stake in a new vehicle set up by both companies. Last year, Castlethorn built 1,150 homes. It now plans to double its annual output to 2,300 units by 2028. The Avenue investment is set to support land acquisitions, as Castlethorn looks to buy land with room to build approx. 3,000 homes. The other 4,000 homes will come from sites that are already within the homebuilder’s control. Among them is likely to be a site off Old Connaught Avenue in Bray, Co. Wicklow. Last month, Castlethorn applied for planning permission to build the first phase of an 800-home scheme there. The Sunday Times, 30th August
Kilmeague, Co. Kildare Knight Frank is guiding €2.75m for lands with potential for the development of up to 150 new homes. Located next to an established residential estate on the outskirts of the village of Kilmeague, the lands extend to a total area of 10.8-acres and are greenfield at present. The entire holding is zoned for residential development under the terms of the Kildare County Development Plan 2023–2029 (Variation No 3). The density range of 25 to 35 units provided for in the plan would allow for a residential development of 110 to 150 units, subject to planning permission. Kilmeague is within convenient reach of the employment, retail and services of Naas (20km), Newbridge (12km) and Kildare town (12km). The Irish Times, 26th August
Nationwide The average market rent for a two-bedroom apartment has risen to €2,204 a month. In Dublin, rental availability fell by 18% over the year to fewer than 1,150 homes. Rents increased by 1.4% between March and June, a marked slowdown from the record 4.4% quarterly increase recorded in the first three months of the year. Market rents in Galway city were 13% higher in the second quarter than a year earlier, while rents rose by 12% in Cork, 11% in Limerick and 5.5% in Waterford, which was broadly in line with Dublin where rents were up 6.5% year-on-year in June. Outside the main urban centres, rents increased by between 9% and 10% annually across Leinster, Munster and Connacht-Ulster. The average monthly rent for a double room in a shared house stood at €812 during the second quarter. There were 2,480 rooms available to rent nationwide on August 1, down 20% year-on-year and the lowest August figure since 2022. The Irish Independent, 24th August
Dublin Airport, Co. Dublin An Coimisíun Pleanála (“ACP”) has grounded plans by DA Terminal 3 Ltd for a new cargo hub development on their lands on the Airport’s western campus. This follows ACP refusing planning permission for the firm’s plan for four aviation-related cargo-handling units to operate on a 24-hour seven-day-a-week basis and ancillary office space on a site at Huntstown, Swords. The scheme was to employ 350 people, comprising 200 warehouse jobs and 150 office jobs. A planning report lodged by CWPA Planning & Architecture for the applicants stated that the 30-acre application site was the first phase of a 123.5-acre site owned by DA Terminal 3 Ltd to be developed by the company. Longer-term development proposals for the overall site include the development of Terminal 3 for Dublin Airport. ACP refused planning permission after Dublin Airport operator, DAA, made a submission to the commission arguing that there are clear concerns the proposed development does not provide air transport-related infrastructure. The DAA submission opposed the proposal and stated that the units present as standard warehouses that do not have the specific characteristics of air cargo handling warehouses and there is an absence of connection to or integration with the airport. The Irish Independent, 27th August
StoneyBatter Place, Dublin 7 German-headquartered property investor Commerz Real has acquired Stoneybatter Place, a 142-bed student accommodation complex near Technological University Dublin’s main campus at Grangegorman. While the price paid for the portfolio has not been disclosed, an examination of the Property Price Register shows two sales with a combined value of €31.2m being recorded for the Stoneybatter Place development on August 5th. Commerz Real purchased the scheme, which is almost fully leased, from Harrison Street Asset Management for its Institutional Smart Living Europe Fund. Students pay between €300 and €380 a week to rent bedspaces at the complex, plus utility fees of €48 or €65 a week depending on the type of unit they occupy. News of the deal comes just over nine months on from Commerz Real’s €22.35m purchase for the same fund of the nearby Swuite Dublin student residential scheme from its developer-owner, the Iveragh Group. Completed in 2018, this has 128 beds along with common areas that include a lounge, study room and a café. In addition to its two properties in Dublin, the fund’s portfolio has three residential complexes located in Frankfurt am Main, Seville and Vienna respectively. The Irish Times, 24th August
Earlsfort Terrace, Dublin 2 Archer Capital is preparing to sell the Conrad hotel, with an asking price of €130 m. The company has appointed CBRE and Eastdil to handle the sale of the hotel, which sits opposite the National Concert Hall. Archer Capital, which is owned by affiliates of APG Asset Management, one of the world’s largest pension investors, and GIC, the sovereign wealth fund of Singapore, bought the Conrad in 2019, for €115m. The company also bought the nearby Shelbourne hotel in 2024 for €260m. In April, the Conrad was granted planning permission by DCC to increase the number of floors to ten by adding an eight-storey extension over existing event space. It had sought to increase the number of rooms from 192 to 308. The Sunday Times, 22nd August
Ormond Quay, Dublin 1 JLL has been appointed the selling agent of The Morrison, which is expected to have a price tag of more than €90m. The Morrison is owned by Zetland Capital, a London-based private equity firm. Zetland Capital purchased The Morrison for close to €68m in 2021. The hotel was reported in late 2024 to be back on the market. The Sunday Times, 22nd August
Store Street, Dublin 1 Plans for the development of a 130-bedroom hotel near Dublin Connolly train station have been approved. MY Talbot Properties Limited was granted permission from An Coimisiún Pleanála (“ACP”) for the hotel development, which had been granted permission by Dublin City Council (“DCC”) in February of this year, and provided for the demolition and reconstruction on 13 to 18 Store Street for a hotel spanning six to eight stories. The proposed development includes a bar and public reception space at the ground floor, as well as a plant room and welfare facilities. ACP approved the proposed development, documents filed on Thursday show, subject to 19 conditions. The developer is required to pay the planning authority a financial contribution of approx. €380,000 in respect of “public expenditure and facilities benefiting development”, in accordance with DCC’s development contribution scheme. Furthermore, the developer must pay a contribution of approx. €120,000 to DCC in respect of the Luas “cross city scheme”. Another condition attached to the permission was that no advertisement signs, structures, banners, flags, etc. are allowed to be displayed on the building or on the window without a separate planning permission. The Business Post, 20th August
Whitehall, Dublin 9 Plans to build a funeral home at the former Regency Hotel in North Dublin have been blocked by ACP. The hotel was renamed The Bonnington Hotel in 2017 following refurbishment. The group first applied for permission for change of use from the existing vacant restaurant to a funeral home in February of this year. Permission was refused by DCC at the end of March, was appealed by The Bonnington in April, and was refused permission by ACP just last week. In its refusal, ACP said the proposed use as a funeral home was “non-permissible” for the site, which is located on lands zoned for “sustainable residential neighbourhoods” – zone 21. ACP also denied the change of use on parking grounds. It said the hotel failed to provide sufficient information on “car parking management”, and “failed to demonstrate that the proposed development would not result in unacceptable levels of overspill car parking in adjacent residential areas”. The Business Post, 21st August
Kinsale, Co. Cork Old Head Golf Links is set to expand after receiving planning permission for new bedrooms and modified guest facilities ahead of next year’s Ryder Cup. Ashbourne Holdings Ltd has been given the green light to add eight new guest bedrooms to the course. In addition to the new guest rooms, the golf course also received retention permission to reduce the size of a previously permitted members bar area. The Old Head Golf Links is built on a 220-acre diamond of land jutting two miles into the Atlantic Ocean in Kinsale. Most recent accounts filed by Ashbourne Holdings Ltd show the company’s turnover rose to €14.9m at the end of 2024, up from €12.8m in the previous year. The group’s operating profit also rose in 2024, increasing by 39% to €5.1m. Four of the new bedrooms will be located within a single-storey extension, replacing a previously permitted roof garden, while the other bedrooms will be located on a site previously earmarked for a spa and pool. The Business Post, 24th August
Cherrywood, Dublin 18 Outsurance has almost doubled its office space with a new expanded facility in Cherrywood. The group has expanded its current 19,000 sq. ft office to 36,000 sq. ft in order to accommodate its workforce. Outsurance entered the Irish market in 2024, having previously operated in South Africa and Australia, and began with a workforce of 70 people. In June 2024 it committed to growing its headcount to 300 roles over the course of the following three years to 2027 as part of an overall investment of €160m. In June the Business Post reported that the South African insurance company had pumped another €10m into its Irish subsidiary. The additional funding brings to €110m the amount of share capital invested in the Irish arm to date. The company reported insurance revenues of €4.9m in the year ending 30 June 2025, up from the €23,220 recorded a year earlier. The Business Post, 20th August
Sir John Rogerson’s Quay, Dublin 2 Iput has agreed more than 22,000 sq. ft of lease renewals and new lettings at its Two Riverside office building. Interpath has renewed its lease for the 10,200 sq. ft of the penthouse floor at Two Riverside for a further five years, extending the agreement due to expire in December 2026. Separately, an unnamed e-commerce platform has taken 12,000 sq. ft on the building’s fifth floor. To date, Iput has agreed 37,000 sq. ft of lease renewals and 30,000 sq. ft of new studio lettings across the 73,000 sq. ft building.Other occupiers at the building include Beauchamps LLP and a leading global online travel and technology company.A further 6,000 sq. ft is currently available to lease. Two Riverside has been upgraded to include a redesigned reception, a Technogym-equipped gym, a landscaped rear courtyard and end-of-trip facilities. The Business Post, 24th August
Tallow, Co. Waterford Meta chief executive Mark Zuckerberg and his wife have purchased Strancally Castle in Co. Waterford. It is estimated the luxurious estate could have cost between €20m and €30m in light of the full restoration undertaken over the past 20 years. The couple had bought the gothic-revival style house and its 440-acre estate several weeks ago. It is located close to Ballynatray House along the River Blackwater. Facebook and Instagram parent Meta employs approx.1,500 people in Ireland, with its international headquarters based in Dublin. Last month, the social media giant delivered Q2 revenue of $60.80bn, up 28% year-over-year. The Business Post, 20th August
Nationwide The building of 3,028 new homes was commenced in July – an increase of 169% on the same month last year (1,125) – according to figures published by the Department of Housing. Of the new commencements last month, over half (1,612) are houses being built as part of multi-unit developments, 1,004 are apartments, with the remaining 412 made up of one-off houses. The department said that since the beginning of 2026, 18,974 new homes have been commenced, which is up 152% from the 7,539 homes commenced in the first seven months of last year. The data show it is also the second highest number of new-home commencements for the period, since recording began in 2014. Just over a quarter of July’s commencements are in Dublin. Figures published earlier this year by the Central Statistics Office showed that between January and March, 7,856 new homes were built – a rise of a third on the same three months in 2025, and the highest number of first-quarter completions since 2011. However, for the second quarter of the year the number of new home completions – at 8,823 – was down on the same period in 2025. RTE.ie, 20th August
Nationwide The first half of 2026 marked a significant rebound in Ireland’s development land market, with transaction volumes reaching €478m across 40 deals, up nearly 80% on the same period in 2025. The average deal size increased substantially to €12m, driven by a number of large-scale transactions in Dublin and the wider Greater Dublin Area (“GDA”). Investor and developer demand remained firmly focused on residential and mixed-use opportunities. Residential land transactions generated the highest turnover at €228m, accounting for 22 deals, while mixed-use sites contributed a further €205m from just eight transactions. Market activity was heavily concentrated within the GDA, which generated €409m, or more than 86% of total turnover recorded nationally. This dominance was underpinned by several landmark transactions, including the sales of Camden Yard (€90m, acquired by DCC), Merchants Yard (€90m, acquired by a Live Nation consortium) and Lands at Edmondstown in Dublin 16 (€70m). Deals exceeding €50m accounted for €250m of total turnover from only three sales, while the €1m to €5m segment remained the most active by volume, recording 20 transactions. This bifurcation reflects a market where capital is increasingly targeting either prime strategic opportunities or smaller, lower-risk sites capable of supporting near-term delivery. Development Land H1 Report, Cushman and Wakefield
Nationwide The planning regulator has warned South Dublin County Council it “risks frustrating the implementation of national housing policy” and undermining the delivery of housing targets, by failing to rezone enough lands for new homes. Councillors in June voted against rezoning lands at St Edmundsbury in the Liffey valley near Lucan; Finnstown Castle, between Lucan and Adamstown; and Coldcut Road, south of the Liffey Valley shopping centre. The council’s chief executive had proposed rezoning the three sites, which combined could accommodate more than 1,700 homes, following an edict last summer from Minister for Housing, all local authorities must provide significant additional land for housing. The Finnstown Castle lands, most of which are owned by Adamstown developer Maplewood, and Coldcut Road sports club’s lands are currently zoned as “open space”. However, the St Edmundsbury lands are zoned as “high amenity” due to their environmental and natural amenity value. More than 1,600 submissions were made to the council opposing the St Edmundsbury rezoning, with Lucan locals suggesting the lands should instead form part of a Liffey valley park. In a letter to the council, the Office of the Planning Regulator said the councillors’ decision to block rezoning did not comply with the Minister’s direction or the National Planning Framework and should be reversed. The Irish Times, 24th August
Burlington Road, Dublin 4 Crownway Investments has secured permission by DCC to refurbish and extend a 1990s office building on Burlington Road called Temple Chambers. Located off Mespil Road, the existing five-storey office building on 0.3 acres spans 24,003 sq. ft and was previously occupied by the law firm Addleshaw Goddard. The proposal would involve retrofitting the existing block and adding a new extension. The redevelopment project has proposed the construction of a new six-storey extension on to the side of the current block, which would increase the size of the office space on site by 61% to 38,577 sq. ft. The Irish Times, 7th August
Styne House, Dublin 2 Anthropic is set to take a lease on Styne House on Hatch Street. In March, the AI firm behind the Claude chatbot announced plans to create 200 jobs in Ireland by 2027. It is now expected to imminently take 21,000 sq. ft of space at Styne House, which is owned by Iput. That will mark a six-fold increase in the office space it currently holds in the capital, as part of plans to build out its European headquarters from Ireland. Anthropic now has a workforce of more than 85 people in Dublin. Iput acquired Styne House, a six-storey, 70,400 sq. ft building that overlooks the Iveagh Gardens, in 2012. In July, the Business Post reported OpenAI and Anthropic had lured scores of employees from established Big Tech firms, including senior employees at long-established firms like Google, AWS, Microsoft, Twitter and Stripe. The Business Post, 8th August
Greater Dublin Area AI and data-centre investment is driving occupier demand in Dublin’s industrial and logistics property market, which is also benefiting from rental growth. In its Q2 report on the market, CBRE point to the impact AI is having, as reflected in recent data from the Central Statistics Office. They showed that goods imports in the office machines and data-processing equipment category, which covers computer servers, GPUs and AI computing hardware, reached €20.5bn in 2025. This was more than double the €9bn recorded in 2023. In the first five months of 2026 alone, the value of imports reached €16.2bn. The largest transaction was CEL Critical Power’s new letting of Unit 7 at Mountpark Grange Castle West, covering 138,983 sq. ft on the N4 corridor in west Dublin. The deal was the only transaction in the first half of the year that exceeded 100,000 sq. ft, and the most significant new-build industrial letting recorded in Dublin this year. Prime rents for new stock rose 2% in Q2, reaching €14.50 psf. Second-hand prime rents also rose, up 4% quarter-on-quarter to €12.00 psf. The Irish Independent, 6th August
Grafton Street, Dublin 2 An application has been lodged with Dublin City Council (“DCC”) for a makeover of the Victoria Secret’s outlet on Grafton Street. The American lingerie brand is to move from its premises at 28/29 Grafton Street to retail units 1 and 2 at 40-43 Nassau Street. The owner of 28/29 Grafton Street, Sretaw Limited, has lodged two planning applications with DCC. One application is for a change of use to the sale of cosmetics and beauty products, and the second application relates to proposed upgrades to the existing shopfront and facade at ground-floor level. The planning documents do not name the skincare and cosmetics firm involved, but it was reported last May that the new occupier is to be luxury beauty brand Space NK. It plans to relocate from its current, smaller premises at 82 Grafton Street. The move by the US-owned Space NK to open a bigger Irish store comes on the back of the success of its business here, with revenues more than doubling from €3.3m to €8.43m in the 12 months to the end of March 2025. The Irish Independent, 6th August
Naas, Co. Kildare Applegreen is to create 150 new jobs with the opening of a €15m new EV hub and roadside service area later this year. The new Applegreen service area, which will be located close to the Naas Ball at Junction 9 on the M7, is part of a multi-million-euro investment that Applegreen is making in its Irish business this year. The new M7 Naas Ball site will be a state-of-the-art facility that will initially include Popeyes and Taco Bell outlets, M&S Food, Crafted Kitchen & Deli, and an Applegreen forecourt and convenience store. The Popeyes outlet in Naas will be the first Popeyes Drive-Thru in the Republic of Ireland. An additional Drive-Thru outlet will also open at the new Naas site this winter. The site will also have eight Applegreen fast charge ultra-fast EV chargers with a total of 16 charging points, a separate truck stop for HGV fuelling and an Applegreen carwash. The Irish Independent, 6th August
Parnell Square, Dublin 1 Dublin’s long-delayed Parnell Square Cultural Quarter is finally set to move ahead, with construction due to begin in the coming weeks. DCC has appointed Purcell Construction Limited as the main contractor for the first phase of the project, which has an estimated cost of €173.2m. The council said the project is being funded through the Towns and Cities Regeneration Investment Fund and DCC resources, with €105.14m in government funding confirmed. The first phase includes the delivery of a state-of-the-art City Library at Parnell Square North, comprising more than 65,659 sq. ft. It will replace the existing Central Library at the Ilac Centre. The project was originally unveiled in 2013, when it was expected to be completed by 2017 at a cost of €60m. By 2016, costs had skyrocketed to €100m. DCC began tendering for the project in December 2024. The project had previously been given a start date of September 2025. The Business Post, 11th August
Airport Road, Co. Cork Two high-profile commercial development sites with planning consent for a hotel and a neighbourhood centre have come to market with a combined guide price of €4.05m. The first site is a 1.5 acre site with full planning permission for a 158-bedroom hotel, with offers sought in excess of €1.5m. The second site has permission for a 13,100 sq. ft neighbourhood centre, guiding at €2.55m. Both commercial sites are part of a larger 7.23-acre landbank purchased by a consortium in 2018 for an undisclosed sum, after it guided at €3m. The consortium was granted permission for a mixed-use development in 2023, including the 158-bed hotel, neighbourhood centre, and 121 residential units. Site clearance began late last year, with construction of the residential element due to proceed across 20 blocks, mostly three-storey apartments/duplex units, spread over 4.5 acres. The scheme is being delivered in partnership with approved housing body Clúid, with homes to be provided under a cost-rental model. The Irish Examiner, 5th August
Dublin Standard Chartered, Affinius Capital and Macquarie Capital are collectively providing €732m to support a portfolio of 1,812 apartments developed by Marlet Property Group and owned by a client fund of M&G Real Estate. The transaction combines a €550m senior mortgage facility arranged by Standard Chartered with a further €182m preferred equity commitment from Affinius Capital and Macquarie Capital Principal Finance, creating a long-term capital structure for one of the country’s largest institutional private rented sector (PRS) portfolios. The financing underlines continued international confidence in Ireland’s residential market at a time when apartment development remains constrained by viability challenges, rising construction costs and regulatory uncertainty. The portfolio comprises six recently completed residential communities across Dublin, delivered between 2021 and 2025, including developments at Harold’s Cross, Dundrum, Grand Canal Harbour and Claremont on the Howth Road. Together they comprise 1,812 apartments and 12 commercial units. The Business Post, 10th August
Sandymount, Dublin 4 Lioncor has sold 176 social homes at Dublin’s Irish Glass Bottle site to approved housing body Co-operative Housing Ireland (“CHI”) for €82.14m. The price tag works out at around €466,000 per home. The developer said it has now “handed over” the Glass House scheme to CHI, which will manage the building. The delivery of the A-rated homes was supported by DCC, with funding from the Housing Finance Agency and the Department of Housing. Residents are expected to move into the homes “in the coming weeks”. Lioncor said many have already been allocated by DCC through its choice-based lettings system. Lioncor has also completed an additional 400 homes at the site, with another 323 due for completion by mid-September. The Business Post, 4th August
Dublin 1 & 2 The Dublin City Development Company, a Special Purpose Vehicle, is to be tasked with using the levers of the state to attract and leverage significant private investment for the revitalisation of Dublin. The newly published progress report from the Taoiseach’s office is on the delivery of the Dublin City Taskforce (“DCT”) recommendations, setting out the achievements and updates under the plan, just one year since it became operational. The taskforce had recommended 10 Big Moves that would rejuvenate Dublin city, including revamping O’Connell Street, transforming public transport, and converting derelict sites into high-density residential communities with provision for essential workers. Last week, chair of the DCT told the Business Post it would be the end of the year before the body was fully up and running. The report said that the first task of the new body would be to develop a 10-year Integrated Area Strategy for the city centre, to “optimise funding and investment”, and “tackle vacancy and dereliction”. The Business Post, 4th August
Nationwide The price of planning applications needs to increase with the system facing severe constraints and a shortage of up to 400 planners according to the president of the Irish Planning Institute. The sustained shortage of professional planners comes at a time when demand for planning expertise is increasing across housing, infrastructure, climate action and renewable energy and on the back of the arrival of new planning laws. With construction inflation threatening the viability of many developments, particularly in housing, the building industry would likely oppose any further increase in costs. However, planning authorities across Ireland were expected to process increasingly complex applications involving environmental assessments, transport modelling, climate adaptation, biodiversity protection in the context of housing, renewable energy, and major infrastructure delivery. In 2023, the operating cost of the statutory planning functions of Ireland’s 31 local authorities exceeded €186m, while income from planning fees remained below €30m, meaning planning application fees covered only around 16% of the cost of providing the service. Ireland faces a sustained shortage of professional planners, and that reflects a prolonged period of under-supply following the sharp decline in planning student numbers after 2008. Government estimates suggest that Ireland has a net shortfall of between 350 and 400 planners. The Sunday Independent, 9th August
Nationwide Nursing homes have warned that the health service is heading for crisis, with just 38 additional beds registered last year. Nursing Homes Ireland (“NHI”) said 26,065 beds are currently registered in the Government’s Fair Deal scheme, 70 fewer than there were at the start of the year. Research by the ESRI shows we need an additional 15,000 beds by 2040 to manage the country’s ageing population, an average of 1,000 a year. NHI said seven nursing homes closed last year and two have closed so far this year. Registrations have been made for six new nursing homes in the last 18 months, but not all of these are open or have even been built. Data published by the Sunday Independent last week showed more than 3,300 patients waited in hospital to access supports in the first four months of this year. Almost half of them (48%) were waiting to enter residential care. In extreme cases, people were left waiting for more than a year. The Sunday Independent, 9th August
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
Patrick Street, Cork City Colliers is guiding €2m for 71–72 St Patrick’s Street. The property comprises a three-storey mixed-use building extending to 6,037 sq. ft. The ground floor comprises about 2,123 sq. ft and is let to Boots Ireland at a passing rent of €155,000 a year (7.05 NIY). Boots has been in occupation since 1987 and has recently recommitted to the property by way of a new lease which is due to expire in June 2032, with no break options. Boots also own a two-storey building that sits immediately to the rear of 71-72 St Patrick’s Street, underscoring their commitment to the property. The upper floors of the property, which have independent access, are currently vacant and previously operated in restaurant use. The Irish Times, 10th June
Union Quay, Cork City Savills is guiding €2m for No. 6 Union Quay. The property is also available to let for an annual rent of €185,000. The building’s high-profile waterfront position, combined with own-door access “offers a flexible opportunity for a broad range of purchasers and occupiers”, according to Savills. American e-commerce company Zazzle bought the 11,539 sq. ft, two-storey premises for about €1.2m in 2013 from Guinness Ireland. Internally, the building comprises predominantly open-plan office space complemented by meeting rooms, canteen facilities, shower provision, and secure access throughout. Accommodation is over ground and first-floor levels and is presented in turnkey condition. The Irish Examiner, 10th June
Dundrum, Dublin 14 Colliers is guiding €2.5m for Paradigm House in Dundrum Office Park which is right beside Dundrum Luas station and just off the village’s main street. With a total floor area extending to approximately 8,000 sq. ft over four storeys, Paradigm House occupies an end-of-terrace position in an office complex whose occupiers include Dún Laoghaire Rathdown County Council. A purchaser will also benefit from 26 car-parking spaces. The building is fully fitted and provides a mix of open-plan and private office accommodation, a reception area and canteen with kitchen. The Irish Independent, 11th June
Leeson Street, Dublin 2 JLL is guiding €2m for 41 Leeson Street lower on the instructions of receivers at Interpath Advisory. Since taking over control of 41 Leeson Street Lower, Interpath has engaged Porter Privé to operate its serviced offices and currently four tenants occupy suites there with the other four suites being vacant. A purchaser has the prospect of acquiring vacant possession. The building extends to 3,960 sq. ft net over four storeys and a basement accommodating 74 desks plus one boardroom for 10-12 people. Amenities include CCTV, gas heating, terrace and garden, shower facilities, bike storage and it is fitted to Cat-A standard with reception, kitchen, and flexible rental rooms. The Irish Independent, 11th June
Nationwide Applegreen is to create up to 450 jobs as it opens Popeyes chicken restaurants at its roadside locations around the country. Applegreen will invest about €6m to open Popeyes outlets at a number of its Irish locations over the next four years. Its first Popeyes restaurant will open at its Midway, Junction 17 service station on the M7 at Portlaoise in Co Laois in the next few weeks. Popeyes UK and Ireland, recently opened its first Irish outlet in Blanchardstown in Dublin, with a second due to open in Liffey Valley Shopping Centre shortly. Applegreen has been working with Popeyes in the US since 2021. Popeyes operates approx. 5,400 restaurants in 50 countries worldwide, with annual sales of $8bn. RTÉ.ie, 11th June
Frederick Street South, Dublin 2 An appeal has been lodged in relation to a decision by Dublin City Council (DCC) to deny permission for a 19-bed hotel in Dublin City Centre. Dr Swee Han Quek is a hotel investor across Ireland, who is a director in the Mayrange Hospitality group which owns Castlemartyr, Tulfarris hotel and golf resort and the ring of Kerry golf club. In documents filed late last week, his company 24 South Frederick Street Propco Limited appealed a decision from DCC to deny permission for a 19-bed hotel at Trinity Town House on 24 and 25 Frederick Street South, just across from Trinity College. The proposed development would be linked to the Trinity Townhouse Hotel locations at number 12, 29 and 30 Frederick Street South in Dublin 2. The proposed development would comprise a 9,365 sq. ft hotel, a 527 sq. ft café and a 118 sq. ft art gallery. The Business Post, 15th June
Sandyford, Dublin 18 Joint agents Cushman & Wakefield and Browne Corrigan are guiding €3.65m for an aparthotel site with full planning permission for 122 units in Sandyford. The scheme was previously brought to market in 2025, with an asking price of €4.5m. The site, at Grafton House, is situated at Ballymoss Road. The current premises extends to about 11,648 sq. ft over two storeys and is laid out on a 0.55-acre site. The property had most recently been in use as a temporary Educate Together school but now comes with full vacant possession. Current permission, granted in 2026, is for 73 one-bed units and 49 two-beds. The rooms are 378 to 570 sq. ft in size, with the completed scheme extending to nine stories in height with a gross floor area of 79,911 sq. ft. The Irish Times, 10th June
Wicklow Town, Co. Wicklow Auctioneer O’Neill and Flanagan is guiding €4.16m (€20,000 per acre) for a 208-acre farm at Ballyguile More and Ballyguile Beg on the Wicklow coast just a few minutes from Wicklow town and the M11. The property has no residence or road frontage but comes with a small yard and has three access points from a local shared lane capable of taking a range of vehicles, farm machinery and articulated lorries. The farm will be sold in its entirety and is described by agent as not just as a big farm, but as the biggest field in Ireland. The continuous block of agricultural land is predominantly south-facing, gently elevated and set within well-defined boundaries. The ground is currently in tillage but is equally suitable for multiple agricultural uses. The farm also comes with significant development potential given that within 200m of the farm, at two sides, are lands that have been zoned ‘residential’. The Irish Independent, 11th June
Tinakilly, Co. Wicklow Development firm Ardale has sold a 28-acre site near Tinakilly, to Cairn Homes for more than its €22.5m guide price, according to market sources. The site has capacity for up to 400 homes. Ardale acquired the land as part of a 132-acre holding in 2015 and has already developed 350 homes on the wider site. The company faced planning challenges on the remaining land, eventually securing permission for 220 homes after a judicial review of an initial refusal. Further changes to planning guidelines have provided scope to boost density to 400 homes on site. The Irish Independent, 12th June
Coolock, Dublin 5 DCC has granted planning permission for 618 apartments at the former Chivers factory at Coolock despite concerns expressed by the parent company of Cadbury chocolate. The council granted a seven-year planning permission to London-based Platinum Lands Ltd for the Large Scale Residential Development plans for the site on Coolock Drive. The applicants had lodged plans for 621 units last November in four 10-storey blocks. Cadbury parent Mondelez Europe had raised a concern over rodent migration from the construction site to its chocolate production plant “of national significance”. At the Coolock plant, Cadbury produces some of its best known brands including Twirl, Flake, Boost and Dairy Milk. The council has ordered the applicants to adhere to a number of Environmental Health Section Division requirements in the grant of permission. The Irish Times, 11th June
The Hooke & MacDonald Residential Market Report 2026 Residential investment turnover reached €443m in Q1 2026 across all residential asset classes. The largest transaction was the sale of Newmarket Yards, Dublin 8, comprising 413 apartments, to BEO Ventures for €212m (4.87% NIY). Separately, IRES REIT agreed the forward purchase of a 77-unit apartment scheme in Naas, Co. Kildare for €31.75m (5.2% NIY). The report also notes that a significant portion of the Government’s new rent regulation framework took effect on 1 March 2026. Rules included rent increases for existing stock will be capped at the level of inflation (CPI) rather that the current linkage to the HICP (Harmonised Index of Consumer Prices), but to a maximum of 2% for existing tenancies. For new apartments which commenced construction in June 2025, rent increases will be linked to CPI with no 2% cap. Three major private rental sector assets launched in Q1: Cualanor, Dun Laoghaire (€200m /4.4% NIY), Two Three North, Clongriffin (€117.5m / 4.79% NIY), and Alto Vetro, Grand Canal Dock (€18m/4.75% NIY). Hooke & MacDonald Release, 11th June
Home Completions Home completions are expected to rise by 11% to 40,000 this year, but getting started on new builds has been slowed by the war in the Middle East, according to Goodbody Stockbrokers. Data published by the Central Statistics Office on Wednesday showed a fall of 1% in the total number of homes approved for planning permission in the first quarter compared with last year, down to 8,092 units. Houses accounted for 61% of those, while apartments made up the rest. The number of apartments granted planning permission fell by 2.7%, while the total number of house approvals remained static. There was an annual fall of 34% in the total number of homes approved in Dublin to 1,452 units. Of these, the number of apartments approved was down 31.6% to 1,064, while the number of houses approved decreased by 39.7% to 388. The Irish Times, 11th June
Bray, Co. Wicklow A decision on the future of a major housing development in Bray has been delayed, while a separate housing scheme on adjoining lands has now been granted planning permission. An Coimisiún Pleanála had been expected to rule by June on an appeal against Wicklow County Council’s approval of phase two of Ballymore’s Sea Gardens development, which involves 293 homes. However, correspondence issued on June 2nd confirmed that a decision has not been reached within the expected timeframe due to the complexity of the case and will now be made “as soon as practicable”. That appeal, which was lodged last year by a number of local residents and groups, centres on a number of concerns about flooding, traffic, wildlife impacts and infrastructure. Meanwhile, in a related but separate case, the planning body has now signed off on Ballymore’s 159-home development on adjoining lands at the former Bray Golf Club, which also form part of the wider Sea Gardens masterplan. The Irish Independent, 12th June
Adamstown, West Dublin Tuath Housing and Evara are set to deliver 355 new homes in Adamstown. Construction is underway at the Aderrig development, with the first homes due for completion in 2027 and the remainder to be delivered in 2028. The homes, to be owned and managed by Tuath, are being developed on a 5.34-acre site within the Adamstown Strategic Development Zone. The project will be made up of seven studio apartments, 164 one-bedroom units and 184 two-bedroom apartments. Tuath is funding the development through staged payments using a combination of finance from the Department of Housing, the Housing Agency and the Housing Finance Agency. Backed by US real estate firm TPG, Evara has delivered more than 3,500 homes and has set a target of ramping up its delivery to 1,500 per annum. Tuath is currently managing more than 17,500 homes nationally. The Business Post, 11th June
Nationwide MySolar, which installs solar panels for houses, schools and businesses for a monthly fee and no upfront capital cost, has secured a finance deal with a large German investment fund. Prime Capital, a Frankfurt-based investment manager with €4.2bn of assets under management, has agreed a seven-year financing deal with MySolar, headed by the businessman Ian McKenna. It sourced Prime Capital through the debt adviser LeBruin. McKenna said it would allow MySolar, which to date has completed 3,000 installations, increase its operations significantly here in Ireland. MySolar acquires the hardware, so there is no upfront cost to the customers. Ownership of the panels reverts to the customers usually after five years for commercial customers and ten for residential. Fees can be as low as €29.50 a month. The Sunday Times, 14th June
If you have an article which you would like to have considered for inclusion in our next weekly report, please contact us at info@origincapital.ie
Clonshaugh Road, Dublin 17 CBRE is seeking offers in excess of €5.3m for a sale-and-leaseback retail investment in north Dublin. The property, which is occupied by homeware and DIY brand The Range, offers a buyer the opportunity to secure a NIY of 6.75% and at least 15 years of guaranteed rental income. Located on Clonshaugh Road, the investment, a 32,000 sq. ft store on a 2.5-acre site, is part of a wider portfolio comprising 10 stores distributed across England, Wales, Northern Ireland and the Republic of Ireland. The Range will provide a 15-year lease term with no break options and built-in growth with five-yearly CPI-linked rent reviews (1-3%). The Clonshaugh Road property is currently generating €392,220 in annual rental income, which equates to €12 psf. The Irish Times, 13th May
For lending terms on this asset, please contact rossmetcalfe@origincapital.ie
Youghal, Co. Cork Clancy’s Bar & Restaurant, a well-known landmark in Youghal’s hospitality scene, has been launched to market with a guide price of €945,000 through Sherry FitzGerald Hennessy. Occupying a prime coastal spot by the scenic Front Strand and close to the eastern terminus of the 23km Midleton to Youghal Greenway, the 2,264 sq. ft property on 0.79 acres includes a ground-floor bar and restaurant with panoramic sea views, a lower ground-floor function room and commercial kitchen, and a large beer garden. The business has a strong food offering and can seat 160 customers in its restaurant, while the private function room can accommodate up to 110 guests. The Irish Examiner, 13th May
Lisdoonvarna, Co. Clare Two Clare hoteliers have made a significant expansion to their business with the acquiring of a 113-bedroom hotel on the Wild Atlantic Way. John Burke and Gerry Quin, the team behind the Fiddle and Bow collection, have recently added the well-known Hydro Hotel in Lisdoonvarna to their portfolios. John, who also owns the Armada Hotel and the Armada House, shared the news through social media. In July 2025, 171 Ukrainian refugees were relocated from the West Clare hotel as their contact with the State ended. The hotel had been listed for sale through Savills at €4.75m before it was purchased by the Fiddle and Bow collection. The Irish Independent, 18th May
Clonliffe Road, Dublin 3 Hotel group Dalata has opened its latest Maldron property, with the Maldron Hotel Croke Park officially opening its doors. The property is the company’s 21st hotel in Dublin, and expands the Maldron brand’s presence in Ireland. It brings to 27 the number of hotels operated by the brand in Ireland and the UK. The hotel is located directly opposite Croke Park Stadium at the junction of Clonliffe Road and Jones’ Road, and offers 200 guest rooms, four meeting rooms, a bar and a restaurant. Dalata’s development partners on the project were McAleer & Rushe, which also worked on the Croke Park Hotel for the GAA 20 years ago. The Irish Times, 14th May
Sandwith Street Upper, Dublin 2 Hoteliers Paul and Charles O’Callaghan have secured flexible workspace provider Iconic Offices as occupier for Sandwith Court. The building, which served for many years as the Dublin headquarters of KBC Bank before its exit from the Irish market, will now be operated by Iconic as a flexible workspace. Colliers negotiated the letting of the 65,000 sq. ft property to Iconic Offices on behalf of the landlord, Sandwith Property Unlimited Company. The O’Callaghans’ deal with Iconic Offices comes just four months after their boutique hotel group, The O’Callaghan Collection, paid €12.5m for Montague Court, a 1970s office building off Harcourt Street primed for redevelopment. The price paid represented a discount of about 9% on the €13.2m which had been guided for the property. The Irish Times, 13th May
Hatch Street, Dublin 2 Colliers is guiding €2.5m for numbers 24 and 25 Hatch Street, two interconnecting Georgian buildings. The subject properties are being offered to the market with full vacant possession. Extending to a total area of 5,750 sq. ft, they comprise two mid-terrace, three-storey over-basement buildings of 5,000 sq. ft, together with a two-storey mews of 750 sq. ft to the rear of number 25. The properties are being offered for sale with six parking spaces, accessed via Hatch Place. The self-contained rear mews provides additional flexibility and potential for a variety of uses. The buildings are zoned ‘Z8 – Georgian Conservation Area’ which allows for a range of potential uses, including office, residential, educational and medical (subject to planning permission). The Irish Times, 13th May
Baggot Street, Dublin 2 Project management and cost management consultancy GagaMuller is to establish its headquarters at 76 Baggot Street in Dublin after signing up to rent a full floor extending to 8,048 sq. ft. GagaMuller will employ 70 people at the Dublin office which is close to the Grand Canal. Its new office space can accommodate 80 desks, allowing for the firm’s expansion over the next 12 months as it extends its services to the European and US markets. Property agent JLL organised the Baggot St letting which related to a fully refurbished floor with new boardroom, three meeting rooms, breakout areas and upgraded IT infrastructure. Located within Dublin’s traditional central business district, 76 Baggot Street’s other tenants include Fitbit, Elkstone and BHSM. The Irish Independent, 14th May
Donnybrook, Dublin 4 Colliers has completed the sale of The Warehouse in Donnybrook for its full asking price of €2m following what the agent described as a highly competitive sales process driven largely by owner-occupier demand. The own-door office property attracted significant interest from businesses seeking a headquarters building in one of Dublin’s most established commercial and residential districts. The sale is also seen as a further indication that demand for character-led office buildings has remained resilient despite changing workplace patterns and evolving hybrid working arrangements. Colliers said the competitive bidding process demonstrated that occupiers continue to prioritise location, flexibility and immediate usability when acquiring commercial property in Dublin’s core suburban markets. The Business Post, 15th May
New Ross, Co. Wexford One of the final remaining industrial development opportunities within the Marshmeadows Industrial Hub has been brought to the market. Extending to about 7.68 acres, the brownfield site is being offered for sale by tender through PN O’Gorman, the guide price is available on application. Positioned close to the N25, the site sits less than 2km from New Ross town centre and approximately 2km from Stokestown Junction. The property is zoned for “Port-Related Activities and Logistics” under the current Draft Development Plan 2022-2028, making it suitable for a range of industrial, transport and logistics-related uses. Existing accommodation on site includes office space extending to approximately 1,507 sq. ft, alongside a 1,625 sq. ft garage and workshop building and a warehouse of some 1,432 sq. ft. The Business Post, 13th May
Ireland Industrial & Logistics Market Report Q1 2026 Industrial take-up reached 431,000 sq. ft. in Q1 2026, down from 586,000 sq. ft. in Q1 2025 but well above Q1 2024 levels of 160,000 sq. ft. Activity remains below the five-year Q1 average of 612,000 sq. ft. While occupier demand remains strong, macroeconomic uncertainty and rising costs are prompting more cautious leasing decisions and longer transaction timelines. The quarter’s largest deal saw Evri lease 92,500 sq. ft. at Airport Business Park, marking its entry into the Irish market. Activity was concentrated in Dublin North and the North-East, supported by large-scale deals, while Dublin South-West recorded lower activity. Increased speculative completions pushed vacancy to around 4%, signalling a shift in market conditions. Prime rents remained stable at €14.50 psf. Investment volumes reached €41m across four transactions, representing 9% of overall turnover. Colliers Ireland Industrial & Logistics Market Report Q1 2026, 14th May
Longmile Road, Dublin 12 Quantum Property is guiding €2.1m for a mixed use property located at 60A Longmile road. The property extends to 20,500 sq. ft over two floors. The first floor is fully let to two occupiers generating €150,000 pa (7.14% NIY) while the second floor extending to 11,000 sq. ft is vacant and offers significant asset management and reversionary potential. The property is situated on the south side of the Longmile road linking it directly to the Naas road and M50. Quantum Property Press Release 12th May
Clonee, Co Meath 4.25 acres, which are zoned for residential use, are being offered to the market by Knight Frank at a guide price of €3.25m. The subject property comprises greenfield lands and sits immediately adjacent to Holsteiner Park which is 2km from Clonee. The lands are zoned A1 Existing Residential under the Meath County Development Plan 2021-2027, the objective of which is “to protect and enhance the amenity and character of existing residential communities”. The Irish Times. 13th May
Cherrywood, Dublin 18 DLR Properties (DLRP) is seeking expressions of interest from developers for a holding of 13.3 acres in Cherrywood. The process for expressions of interest in the site known as Town Centre 3 is being handled by QRE on behalf of DLRP, which is a subsidiary of Dún Laoghaire-Rathdown County Council (“DLRCC”). It is being offered to the market with full planning permission in place for 418 apartments distributed across four blocks ranging in height from two to five storeys. Former approval secured in 2023, provides for the construction of 124 studios, 96 one-bedroom apartments, 81 two-bedroom (three-person) units, and 117 four-person units. A proposed amendment to the planning scheme will allow for up to 1,150 residential units to be developed on the site, along with 559,723 sq. ft of other town-centre-type uses. The Irish Times, 13th May
Prosperous, Co. Kildare Sherry FitzGerald Reilly is guiding €7m for a 13.84-acre site located at Curryhills, Prosperous with planning permission for 93 homes. The planning permission will allow 40 three-bedroom semi-detached houses; five three-bedroom detached houses; six four-bedroom semi-detached houses; four four-bedroom detached houses; 10 two-bedroom semi-detached houses; 14 two-bedroom apartments and 14 one-bedroom apartments as well as a dedicated creche facility. It is accessible through Emerson Road, which connects it to Prosperous village centre located 500m away. The Irish Independent, 14th May
Synge Street, Dublin 8 Bannon is guiding €3.75m for the former Christian Brothers’ monastery on Synge Street. The property is located between Grantham Street and South Circular Road. It comprises three main sections including a self-contained three-storey building to the rear. The property extends to a total area of 23,548 sq. ft, excluding a large cellar area and sits on a site of 0.4 acres. The building has 22 bedrooms and several large multifunctional rooms. It has served a variety of uses as well as the monastery including, more recently, as short-term residential accommodation. There are several car spaces in a central courtyard. The property is zoned Z15 under the Dublin City Development Plan 2022-2028. Permissible uses for this zoning include health/medical, residential institution, education, assisted living, sports facility and recreational uses. The Irish Times, 13th May
Cherrywood, Dublin 18 Several US and Canadian ice hockey stars, including former Stanley Cup winners, have emerged as investors in the proposed €250m ice hockey arena for Dublin. The proposed scheme aims to serve as a national hub for winter sports as well as a concert and corporate events venue. It will feature an 8,000-plus capacity arena, expandable to more than 10,500 for big events, and include two Olympic-sized ice rinks. As well as being the State’s first permanent Olympic-standard ice facility, it will also host Dublin’s first professional ice hockey franchise, which aims to compete in the UK league. A planning application for the stadium development, which has the backing of DLRCC, is scheduled to be submitted before the end of July this year. The Irish Times, 13th May
Cork Airport Business Park In Cork Airport Business Park, more than 20,000 sq. ft has been taken up between the sale of 12,000 sq. ft at Building 4600, and the letting of 8,000 sq. ft at Building 2100 to Evumed, who are paying rent in the region of €18psf pa. Knight Frank, who oversaw both deals, did not confirm the sale price of 4600, but it’s understood it was close to the €1.7m guide. The largest building in the park Building 5300, previously occupied by US tech giant IBM is available. The property comprises a modern detached two storey third generation office building with a total gross internal area is 25,115 sq. ft. Internally, the property is fitted to a high standard. Externally the site is landscaped and there is surface car parking. The Irish Examiner, 14th May
Waterford Airport The sod is set to be officially turned on the new €30m construction phase of Waterford Airport. Today’s event will mark a significant milestone in what is planned to be the eventual resumption of commercial flights to and from the southeast of the country. Around 140,000 people passed through Waterford Airport annually during its busiest years but there has not been a regular passenger service at the airport since 2016. The runway will now be lengthened to over 2,200 metres and widened to 45 metres to accommodate large commercial jet aircraft. The series of upgrades will enable the return of commercial passenger services, with a target set of the airport handling upwards of 400,000 passengers annually within three years. The upgrade works are set to be begin immediately following the takeover of the airport by US oil billionaire, Kelcy Warren. RTÉ.ie, 18th May
If you have an article which you would like to have considered for inclusion in our next weekly report, please contact us at info@origincapital.ie
Grafton Street, Dublin 2 Savills is guiding €3.4m for Number 2 Grafton Street and 50 Nassau Street. Located at the junction with Nassau Street, the asset comprises a 2,615 sq. ft five-storey over-basement building in a prominent corner position in Dublin city centre’s foremost shopping area. The building is occupied by a diverse tenant mix and is anchored at street level by coffee chain, Starbucks, and by Claddagh Jewellers. The upper floors of the property are home to a number of office and service occupiers. The investment is currently generating total annual rental income of €242,426, and the weighted average unexpired lease term is approximately 6.5 years to break. Should a sale proceed at the guide price, the new owner would stand to secure a NIY of 6.48%. The Irish Times, 6th May
For lending terms on this asset, please contact rossmetcalfe@origincapital.ie
Blackrock, Co. Dublin Failing to find a buyer for the Frascati Centre in Blackrock when it offered it in a quiet, targeted process for about €100m in 2023, the owners are preparing to offer it for sale on the open market. Cushman & Wakefield and Eastdil Secured will be joint agents and the price is expected to be between €75m and €80m. Acquired by Invesco Real Estate for €68m in 2015, a further €80m was spent on its renovation and extension. The Blackrock property comprises 177,000 sq. ft of retail space and 43,000 sq. ft of residential accommodation distributed across 42 apartments. The scheme is generating an annual rent roll of €6.9m. There is an opportunity to increase the Frascati Centre’s net operating income substantially, with full planning permission in place for the development of an additional 123 rental apartments across two phases. The Irish Times, 6th May
North Dublin Docklands US real estate investor Kennedy Wilson said it has bought out its co-owner in Coopers Cross, a mixed-use development in the North Dublin docklands. The company said in its latest quarterly report that it paid Cain International $24m to buy its 50% stake in Coopers Cross. This resulted in a $16m remeasurement gain for the firm. Coopers Cross is spread across 394,000 sq. ft and includes 471 apartments. The office block was completed early last year. The Business Post, 10th May
Parnell Street, Dublin 1 Cushman & Wakefield is guiding €6.925m, exclusive of VAT for Unit 2 at the Ivy Exchange. Developed by the Cosgrave Property Group in 2006 as part of the wider, mixed-use Ivy Exchange, Unit 2 comprises ground and mezzanine floor accommodation extending to 28,068 sq. ft. The subject property is fully let to Tesco Ireland on a 25-year lease which commenced in November 2007. The current passing rent is €495,000 a year with approximately 6.8 years income remaining until lease expiry. The financial accounts for Tesco Ireland for the year ending February 22nd, 2025, show total sales in the year grew 5.8% with a turnover of €3.445bn. Should a sale of Unit 2 proceed at the guide price, the incoming owner would stand to secure a NIY of 6.5%. The Irish Times, 6th May
For lending terms on this asset, please contact rossmetcalfe@origincapital.ie
Navan, Co. Meath JD Sports has opened a new store at Navan Town Centre. The European sportswear retailer has agreed a deal to occupy the 7,535 sq. ft which had been left vacant by UK fashion retailer New Look following the liquidation of its Irish operations. JD Sports was represented in the negotiations by Bogle Estates while Cushman & Wakefield and Savills acted as joint letting agents for Navan Town Centre. Developed originally in 1980, Navan Town Centre was extended on a number of occasions between 1995 and 2009. The scheme today extends to 303,383 sq. ft with 1,388 car-parking spaces. Navan Town Centre is anchored by Tesco, Penneys and Dunnes. Other well-known retailers at the centre include Sports Direct, River Island, Boots, Starbucks and Costa Coffee. The Irish Times, 6th May
Killester, Dublin John P Younge is guiding €6m for The Beachcomber, a 6,000 sq. ft landmark bar over two levels located at 179 Howth Road. Turnover is believed to be heading for over €2.7m. At ground floor level its lounge bar extends to 2,938 sq. ft. A kitchen extending to 102 sq. ft is also located at ground level, as are a store, cold room, toilets and an office. At first floor level is a lounge/carvery/restaurant in two sections: one to the front of 1,324 sq. ft while a back section extends to 1,690 sq. ft. At this level a catering kitchen measures a much larger 370 sq. ft and it is complemented by a food cold room. The Irish Independent, 7th April
Laragh, Co. Wicklow McDonnell Properties is guiding €1.5m for a café and delicatessen and a heritage property located in the heart of the Wicklow Mountains National Park. The sale involves the well-established 8,611 sq.ft Glendalough Fayre cafe and shop, and an historic stone house built in 1865 as a Royal Irish Constabulary building. With a long-standing presence in the village, the cafe deli is better known as Glendalough Green or the Glendalough Cafe, with its iconic red signage. Next door is the Royal Irish Constabulary building, which comes with a period slate roof and striking Victorian entrance door and five bedrooms. To the rear, a courtyard leads to a built-in BBQ area. The Irish Independent, 10th May
Sir John Rogerson’s Quay, Dublin 2 Commercial property firm Iput has agreed a long-term lease with Beauchamps LLP at Two Riverside on Sir John Rogerson’s Quay to support the firm’s expansion. Beauchamps has committed to 27,000 sq. ft under a new 10-year lease running to May 2036, extending its existing lease, which had been due to expire in 2030. The Dublin-based law firm will now occupy the entire ground, first and second floors of the building. Other occupiers at Two Riverside include Harvey AI, the legal tech firm, and Interpath. Following the upgrade works, Two Riverside has achieved leadership in energy and environmental design (LEED) operations and maintenance gold certification. Iput said it has secured approximately 100,000 sq. ft. of lettings and lease renewals in 2026. The Business Post, 6th May
Dublin Office Market According to Knight Frank’s Q1 2026 Dublin office market outlook, the squeeze on Dublin’s prime office space is set to intensify this year as geopolitical headwinds spark uncertainty. Knight Frank said the “biggest risk” lies in the lack of development in the city centre. Two buildings were completed in the first quarter of 2026, totalling 163,000 sq. ft, the largest of which was 160 Townsend in Dublin 2. Of the six buildings due for completion during the remainder of the year, three are already pre-let. For 2027, about 60% of upcoming space has already been secured, with “no new space” under construction and due to be delivered after that. Prime rents remain steady, ranging from €65 to €67.50 psf but this is forecast to heighten, with rental growth of €70 psf expected in 2026, and up to €75 for pre-lets. The Business Post, 7th May
Church Street, Dublin 7 Ireland and UK student accommodation firm LIV has agreed to sell its 211-bed student building at Church Street. It is owned by Valeo Groupe, a US-based investment firm with student accommodation facilities across Spain, Scandinavia and the US. According to accounts filed for LIV Dublin Church Street Student Residence Limited, the firm put the property up for sale in 2025 and received an offer from an “unrelated third party”. Directors said it was “probable” the property’s sale would complete in 2026. Although the value of the deal was not disclosed, the company reclassified the property in its accounts as an asset held for sale during the year. Its fair value was reduced by €7.2mn after a revaluation, with the property on the balance sheet at a €37m “sale valuation”. The Business Post, 6th May
Killarney, Co. Kerry An opportunity to develop a hotel on Muckross Road, known as Killarney’s Golden Mile, is being offered for €3m through CBRE Hotels. The vacant site extends to approx. 0.75 acres and is strategically positioned on Muckross Road next to Kerry Brewing Company and 500m from Killarney town centre. A feasibility study indicates that the site has the capacity for a hotel rising from four to six storeys which could accommodate about 150 bedrooms. The sale will be subject to planning permission and that the preferred bidder will be selected on the basis that the bidder’s proposed design for the planning application could offer a viable prospect of achieving planning approval. The site is currently zoned under the Kerry County Development Plan 2022-2028 to support mixed-use general development, including hotel use, indicating favourable conditions for a project of this nature. The Irish Independent, 7th May
Clontarf, Dublin 3 A 1.14-acre residential development site on the Howth Road in Clontarf has been brought to the market with full planning permission for a 65-unit apartment scheme. The properties at 110 and 114 Howth Road are being offered for sale by private treaty through Sherry FitzGerald, with price on application. The existing holding comprises two vacant detached dwellings. Planning permission has been secured for a five-storey residential scheme comprising 65 apartments, including 29 two-bed units, 28 one-beds, five studios and three three-bed apartments. Unit sizes range from approximately 431 sq. ft to 1,130 sq. ft. The scheme incorporates a central landscaped courtyard, rooftop terraces, a crèche and café space, along with 47 car parking spaces and 161 bicycle spaces. The Business Post, 9th May
Kyrl Street, Cork City A Cork city centre riverside site that has been idle for several years is being cleared with a view to redevelopment as part of Cork City Council’s ongoing battle to tackle dereliction. The 0.96-acre site between Kyrl’s Quay and Kyrl’s St near the Bridewell Garda Station was previously earmarked for a major hotel/leisure and apartment project but the development never went ahead. A spokesman for the local authority said the current site clearance and stabilisation work is to “facilitate access to undertake a series of site surveys and investigations to inform project information documents and enable advertisement of a tender process seeking redevelopment proposals”. “It is envisaged this tender will be advertised over the next few weeks,” the spokesman added. In October 2024 Cork City Council posted a notice of its intention to compulsorily acquire the site under the Derelict Sites Act 1990. The Irish Examiner, 7th May
Ellistown, Co. Kildare A 149-acre agricultural holding at Mynagh, Ellistown is being brought to auction, offering a sizeable land parcel within reach of the M7 corridor. The property is being marketed by Coonan Property and will be offered for sale by public auction on June 11 at Lawlor’s Hotel in Naas. Extending to approximately 149 acres in a single block, the lands are currently laid out in seven divisions and have been used for tillage in recent years. The holding also includes a derelict two-bedroom residence and associated farmyard structures, presenting potential for redevelopment subject to planning permission. The farm will be offered in three separate lots: a 48-acre parcel; a 101-acre portion including the derelict residence; and the entire 149-acre holding. The holding is positioned between the towns of Kildare, Monasterevin and Rathangan, with access to the M7 via Junctions 13 and 14. The Business Post, 7th May
Ballymun, Dublin 11 Tuath Housing, the social housing provider, has been granted approval by An Coimisiun Pleanala to develop 446 homes on lands including the site of the former Ballymun flats. The proposed development consists of 28 duplex units and 418 apartment units. The apartments will be a mix of social and cost-rental homes, none of which are to be sold on the open market. Dublin City Council currently owns the land, but has an agreement in place with Tuath whereby the housing body will buy the land from the council after the development is completed. Cairn Homes is the construction partner for the project. The Business Post, 8th May
Newbridge, Co. Kildare Diageo officially opens its new Kildare brewery on Monday as part of a near €1bn investment in its Irish operations. The brewery at Littleconnell, outside Newbridge, represents an investment of almost €300m, 50% more than planned when announced in 2022. Diageo is moving production of all its ales and lagers, Rockshore, Harp, Smithwick’s and Kilkenny, alongside licensed beers such as Carlsberg from St James’s Gate. At full capacity, the brewery will produce two million hectolitres, making it Ireland’s second largest brewing operation after St James’s Gate. The project was originally intended to free up space for expanded Guinness production in Dublin. However, Diageo has since secured permission for a further €400m investment to build a second Kildare brewery dedicated to Guinness and Guinness 0.0 production. Work on that phase is expected to begin this year. The Irish Times, 11th May
If you have an article which you would like to have considered for inclusion in our next weekly report, please contact us at info@origincapital.ie