Commercial real estate

Fund, which about 8,000 Irish investors back, faced an uptick in redemption requests in the third quarter

Property sold in just eight weeks at a 14% premium over the original €2.85m guide price

Dublin city centre property acquired and developed at a cost of nearly €14m in 2001 hits the market

Blackstone, Brookfield and Henderson Park all taking writedowns on Irish office assets

4/5 Grand Canal Square is targeting highest levels of sustainability and will be ready for occupation in 2027

Industry veteran joins from CBRE where he advised on numerous major deals including sale of Blanchardstown Centre

Dylan McGrath’s former restaurant is to become a gastro-pub

Meta building on East Wall Road now being offered to market at 75% discount to 2018 sale price

Deirdre Bonus’s career to date has included senior roles at Aramark Property, Chartered Land and Grant Thornton

Property agency warns of ‘growing mismatch’ between market demand and office space delivery

Office development in Dublin will slow next year but the pace of digestion is likely to be sluggish

Site at Patrick’s Quay would be suitable for residential development or hotel use, according to a feasibility study carried out

The 73,000sq ft office block has LEED Gold certification and A3 Ber rating following full refurbishment in 2019

€940m spend for first six months of 2025 comes in at less than half 10-year historical average of €1.9bn

Estate agent also warns in pre-budget submission that high transaction costs are dampening investment in commercial property

Developer Rimor Magna is suing land owners Legionaries of Christ in Ireland

2022 Bianconi Avenue is quoting €9m, having been on the market in 2022 for €37m

But investment in private rented sector stagnated while office market remained moribund

Fastest increase was in commercial activity, which expanded for the third month running and at a solid pace

Well-known Donegal hotel sold to hospitality group in off-market deal

In Dublin, 15.3% of office space is vacant, and 64% of existing office stock is considered at risk of obsolescence

BlackRock signs long-term lease for offices at Glencar House

New owner in line for 8.76% yield on south Dublin investment

Provision of healthcare, senior living and assisted-living facilities will deliver secure returns with those aged 65 and over in Ireland set to surpass a million by 2030

Investors can find themselves locked in when market downturns put a squeeze on fund withdrawals

87-89 Pembroke Road is currently let to Bank of Ireland and US embassy

City-centre ‘opportunity offers significant development potential’, say the vendors

Co Louth-based John Conway wants High Court to strike down Dublin City Council’s decision

Warehouse supply constraints and global economic uncertainty led to dip in occupier take-up, but a better 2025 is expected

Retail has been most traded asset class so far in 2024, accounting for over 33% of overall property activity

Market turnover remains muted but conditions will pick up next year

With deal values of €900m and several big sales pending, Irish hotels have been in demand in 2024

With other sectors struggling, retail could account for more than 50 per cent of total investment this year

It may not have heralded the recovery people were hoping for but debt markets should free up and activity levels pick up next year

Outlook looks brighter for 2025 after a challenging year

Improving debt liquidity, the stabilisation of yields and a narrowing of the bid-ask spread will lead to more activity

The year ahead will be one of rebuilding as confidence gradually returns, potentially spurred on by a single large deal

Proposed Zoning Value Sharing will decrease supply of new homes – at a time when they’re badly needed

Developer’s RGRE group sees UK capital as ‘obvious’ location

Demand for office space is rising again. But, with businesses downsizing, and vacancy rates remaining among Europe’s highest, owners of older blocks will have to start cutting asking rents