Property Week News

? Irish Independent 17 Jan '20 Paul McNeive: Agents need to add value not just surf market waves

We can earn more fees by "working smarter" and being more effective and more organised. You should have a plan for what you are going to do this year for both your personal and business lives. If y - Visit

? Irish Independent 17 Jan '20 Synge & Byrne cafe chain eyes Republic expansion

THE owners of Northern Ireland cafe business Synge & Byrne are scouting for the chain's first location in the Republic as they seek to Brexit-proof their firm. Synge & Byrne has seven outlets in North - Visit

? The Irish Times 17 Jan '20 An Taisce appeal puts brakes on Marlet’s 21-storey tower at Apollo House site

Plans by Pat Crean’s Marlet Property Group to increase the height of an 11-storey office block it is delivering on the site of the former Apollo House in Dublin 2 to 21 storeys have been put on hold - Visit

? The Irish Times 17 Jan '20 Allegations of keeping Nama in the dark ‘blackmail’, O’Flynn says

Michael O’Flynn dismissed as “blackmail” allegations that his business kept the State’s National Asset Management Agency (Nama) in the dark about elements of a UK land deal. - Visit

? Irish Independent 16 Jan '20 DEAL: Development land market gets new year under way: 29-30 Usher's Quay & 1 + 1A + 2 Usher Street

Knight Frank's Kieran Bray reports that an Irish developer has paid about €3.25m for a 0.14 acres site on Dublin city's south quays with planning permission for 27 apartments and commercial space. - Visit

? The Irish Times 16 Jan '20 Ranelagh set to get a new street with launch of Annesley Gardens: 20 high-end homes on 1.25-acre site

There will be 20 houses in total – 12 four-bedroom properties and eight three-bedroom-plus-study homes. Seventeen of the houses will form a new terrace while the remaining three will be in a smaller - Visit

? The Irish Times 16 Jan '20 Luxury Ballsbridge apartment scheme, Lansdowne Place, sees steady sales

Chartered Land has secured prices ranging from ex VAT €704,845 for a one-bedroom apartment to €1.85 million for a three-bedroom apartment at the Templeton, the first building within the scheme. - Visit

? The Irish Times 16 Jan '20 Lisney appoints David Byrne as new managing director

David Byrne: “While there are a number of economic factors to consider both domestically and internationally, we have great confidence in the Irish property market and I’m very much looking forwar - Visit

? The Property Week 16 Jan '20 CSO: Residential property prices rise by 1.4% in the year to November 

Residential Property Price Index November 2019 – Residential property prices increased by 1.4% nationally in the year to November. This compares with an increase of 1.0% in the year to October and - Read

? The Irish Times 16 Jan '20 Strong performance for Cairn lifts 2019 revenues

Chief executive Michael Stanley: "We increased our revenues to circa €434 million, moved 1,080 customers into their new homes and we start 2020 with 740 homes already forward sold,” - Visit

? The Irish Times 15 Jan '20 Ballymore and M&G secure Birmingham’s biggest ever office letting

Ballymore and its UK-headquartered partner, M&G Real Estate have secured Birmingham’s largest ever single office letting with an agreement to let 26,291sq m (283,000sq ft) of space in the city to BT - Visit

? Irish Independent 15 Jan '20 Core Reit CEO wins joint venture legal case

Daniel Donovan, the CEO of Irish real estate investment trust Core, has won a UK legal battle against a property investment firm, after claiming he was entitled to profits from a joint venture with th - Visit

? The Property Week 15 Jan '20 CBRE Ireland’s Outlook 2020

Myles Clarke, Managing Director at CBRE Ireland: “The new decade promises to offer challenges and opportunities in equal measure for the real estate sector. Interest rates remaining lower for even l - Read

? The Irish Times 15 Jan '20 Q&A: What’s this about a dispute over Stillorgan’s Leisureplex?

So what’ll Stillorgan look like after the Leisureplex closes? This area of south Dublin is becoming a hive of construction activity. While Kennedy Wilson intends to build 232 apartments on the Leis - Visit

? The Irish Times 15 Jan '20 DEAL: 0.05 hectare plot at Usher’s Quay with planning for 27 apartments sold for €3.25m

The price secured for the 0.05 hectare plot represents a premium of 15.4 per cent on the €2.75 million agent Knight Frank had been guiding when they brought the property to the market last May. - Visit

? The Irish Times 15 Jan '20 DEAL: DHL signs for 250,000sq ft at former Harris Group complex on Naas Road–Nangor Road junction

Having already agreed the letting of building one (875sq m) to global firm Peri Framework and Scaffolding last June, Harvey has now let the remaining two buildings totalling 23,304sq m on 15.1 acres t - Visit

? The Irish Times 15 Jan '20 DEAL: Corum pays €60m for two office buildings – One Kilmainham Square in Dublin 8 & Classon House in Dublin 14

It represents a ramping up in the pace of the company’s activity here, coming as it does just three months on from its €21 million purchase of the Tesco supermarket in Gorey, Co Wexford. - Visit

? The Irish Times 15 Jan '20 DEAL: Investor Mel Sutcliffe of Quanta Capital acquires 10 St Stephen's Green Georgian for €4m

Located immediately adjacent to the historic Hibernian Club and dating from the 19th century, the high-profile Georgian building extends to 465 sq m (5,000 sq ft) over four floors and was formerly the - Visit

? The Irish Times 15 Jan '20 Landmark ESB development, Fitzwilliam 28 comes for sale fully let to Slack Technologies

Slack Technologies have taken a new long-term lease of the entire building from practical completion. The rent roll will be in excess of €7.7 million per annum, reflecting an initial yield of about - Visit

? The Irish Times 15 Jan '20 Dublin City Council refuses permission for Goodman family development

Last November, Goodman firm Ternary Ltd lodged plans to demolish 47, 48 and 49 Kildare Street and number 1 Nassau Street to make way for a new office development. The council has ruled that the propos - Visit

? Business Post 13 Jan '20 [NEEDS BP SUB] Retail park operators object to Liffey Valley expansion plans

Objectors say plans including roads and car parks overhaul need to be designed to suit all stakeholders, not just the shopping centre - Visit

? Business Post 13 Jan '20 [NEEDS BP SUB] Iain Sayer of HWBC: Gazing into the crystal ball for 2020 in Irish property

International investor interest remains strong, but the lack of sustainability of rent levels could create problems in the coming year - Visit

? Irish Examiner 13 Jan '20 A different way of living: Innovative housing models being rolled out in Ireland

The Irish Examiner looked at two innovative models being rolled out in Ireland. One is a first-of-its-kind co-housing initiative, Common Ground Co-Housing in Wicklow, where a shared loan is repaid and - Visit

? Irish Independent 13 Jan '20 Harcourt Developments sells off Las Vegas site in $14m deal

The land was previously earmarked by Harcourt, founded by Pat Doherty, in 2006 for the Sullivan Square development, which would have included 1,380 residential units, 45,000 sq ft (4,180 sq m) of reta - Visit

? Irish Independent 13 Jan '20 Intervention: Dept of Culture hits out at Goodman firm's office block plans

ast November, Goodman firm Ternary Ltd lodged plans to demolish 47, 48 & 49 Kildare Street and No 1 Nassau Street, to make way for a new office development. Now, the department has told Dublin Cit - Visit

? Irish Independent 13 Jan '20 New buyers pay €2,000 a year more than rest of eurozone

The Central Bank figures show the weighted average interest rate on all new mortgages was 2.9pc in November. This was 11 basis points down since the start of 2019 when the rate stood at 3.01pc. - Visit

? Irish Independent 13 Jan '20 Home prices will rise as Brexit fears ease - Davy

Davy's 2020 forecast is bullish on Irish prospects, driven by its core views that export growth at high-tech multinationals will roar ahead and the UK's avoidance for now of a Brexit "cliff edge" will - Visit

? Irish Independent 13 Jan '20 Over 94pc of private rentals out of reach to people receiving HAP

A snapshot study found that just 97 out of 1,753 properties available to rent in 16 areas over a three-day period from December 10 to 12 last on Daft.ie were affordable to those in receipt of HAP. Jus - Visit

? The Irish Times 13 Jan '20 Development of 10,000 home scheme moves a step closer in Limerick after State-sponsored Land Development Agency outlined plans for site

LDA chairman John Moran: “That form of development will be the key for the future to fostering cohesion and sustainable living in this new local community. Healthy living without car dependency can - Visit

? The Irish Times 13 Jan '20 Cantillon: Dublin as European capital of the tech campus

Despite tech companies being the prime candidates for remote working, they seem to be concentrating on getting bigger, swallowing up more and more commercial property space in the capital city, and li - Visit

? The Irish Times 13 Jan '20 Cairn Homes sells 229 homes to landlord for €78m

Cairn said it had sold 229 apartments, houses & duplexes in Lucan’s Shackleton Park and Gandon Park, to a company funded by US investment firm Angelo Gordon and managed by Irish business Carysfort C - Visit

? The Irish Times 13 Jan '20 Ecco says it is shutting Grafton Street store over rent increase demand

Ecco Ireland, which operates 18 stores in the State, opened the store in January 2015 on a 10-year lease at a rent believed to be about €210,000 per year. The lease had a rent review and also a brea - Visit

? The Irish Times 13 Jan '20 Banks expected to loan €9bn to homebuyers this year

Buoyant sales of goods and services abroad and expanding multinational employers will boost the Republic’s economy in 2020, according to Conall MacCoille, chief economist at Dublin stockbrokers Davy - Visit

? The Irish Times 13 Jan '20 Construction grows again in Republic after three-month slowdown

Ulster Bank’s construction purchasing managers’ index (PMI) shows that activity in commercial development and housebuilding increased last month, while work on public projects continued falling bu - Visit

? The Irish Times 13 Jan '20 Despite levy fewer than 80 vacant sites returned to use

Councils also reported that infrastructural deficits, a failure to have up-to-date local area plans to determine areas for development and the “lack of a viable housing market” were other barriers - Visit

? The Property Week 13 Jan '20 Sherry FitzGerald announces new partnership in Balbriggan & Rush

Sherry FitzGerald has announced a new franchise partnership in Balbriggan and Rush. REA Cumisky, now trading as Sherry FitzGerald Cumisky, is already well known and highly regarded in North County Dub - Read

? The Property Week 10 Jan '20 Sherry FitzGerald Price inflation remains flat for 2019

Sherry FitzGerald has concluded that the average value of established homes in Ireland grew by 0.2% during 2019. This compares to growth of 3.7% recorded in 2018.In Dublin, prices were largely s - Read

? The Property Week 10 Jan '20 2020 country house market kicks off with sale of Bearforest, Mallow, Co. Cork

The sale of Bearforest, Mallow, Co. Cork (asking price €950,000) is the first sale of 2020 for Sherry FitzGerald Country Homes, the exclusive affiliate of Christie's International Real Estate. Th - Read

? The Irish Times 10 Jan '20 Former O’Flynn employees accused of secretly diverting deals

Companies in the Michael O’Flynn-led group are suing former employees Mr Cox, Liam Foley and Eoghan Kearney, along with Foley Project Management Ltd, Rockford Advisors Ltd and Carrowmore Property. - Visit

? The Irish Times 10 Jan '20 Asador restaurateur plans to serve up new Dawson Street eatery

Beechlawn Investments Europe Ltd has applied to Dublin City Council to change number 20 Dawson Street, previously an office for property agent Savills, to a licensed restaurant. Success of the applica - Visit