Commercial Property | Business Post

TikTok to take over Twitter’s Dublin office for five years

Up to 600 workers at Chinese social media company expected to be at work in Fenian Steet building by early 2024

Commercial Property

Laurence Goodman jnr snaps up Dublin office development at cut price

The city centre building is fully let to the Office of Public Works with Revenue among its existing tenants

Commercial Property

Paddy McKillen jnr and Matt Ryan get go-ahead for South Dublin wellness centre

Plans for the site were initially rejected by An Bord Pleanála in November 2020 but have now been green-lighted by the appeals board

Commercial construction activity plummets amid continued contraction in sector

New research from BNP Paribas suggests poor demand is strangling activity

PHP makes largest Irish acquisition to date with €29 million deal

The Ballincollig property acquired by PHP is fully let to the HSE

Builders making offices work as homes with conversion projects

Some unused blocks in cities and major towns have already been transformed into living spaces and the trend is growing

Council to ban demolishing central Dublin buildings in climate move

Dublin City Council spokeswoman says it will encourage developers to retrofit rather than demolish in a bid to reduce carbon emissions

Johnny Ronan in talks to sell Bewleys café building as part of €300m sale of prized assets

Should the proposed sale of the dozen properties go ahead RGRE could use the proceeds to pay down debts incurred as part of a refinancing arrangement with Bank of Ireland, AIB, and Fortress Investment Group

Homebuilding levels down 10% in year to June - CSO

Commercial property output declined by 4 per cent in the same period

Hospitality firm NolaClan set to take over top floor of former Central Bank

Alan Clancy’s company is to open a bar and restaurant at the landmark One Central Plaza

End of an era: Why the IFSC risks turning into a fossil of Ireland’s corporate history

The area remains Ireland’s key financial centre, but its buildings are now 30 years old and not suitable for larger firms with ESG commitments

Commercial Property

HSE expansion helps drive on Cork office market

There has been a 19.4 per cent increase in take-up in the Cork office property market in the first half of 2023 compared to the same period last year, according to Savills Ireland

Irish Life cleared to add extra storey to Hume House office block

Insurance firm sold the Balssbridge building during in 2006 for €100 million, before buying it back 10 years later for a fraction of that price

AIB chief warns €50bn decline in commercial property sector likely to continue

Colin Hunt says bank is ‘cautious’ but ‘not worried’ by downturn because it has been conservative since re-entering the market

AIB sets aside €91m to cover commercial property losses

The lender said it had booked the impairment charge in response to higher interest rates and lower commercial property valuations

RTÉ’s choice: Crunching the numbers on sale of Montrose

The 23.5-acre site could garner RTÉ €180 million, but the protected status of some buildings would complicate any adaptation for residential use

World economy set for ‘bumpy landing’, says bank chief

Barclays’ Henk Potts predicts interest rate cuts next year and cites lack of housing as a big risk to inward investment in Ireland

Commercial Property

Lorcan Allen: Investment property market at risk of €10bn write-down in value

Office market is bearing the brunt of correction, with owners of older office blocks facing significant price adjustments

Why the ‘stretched valuation’ of commercial property should make us worry

There are now major question marks hanging over the supposed value of commercial property assets in Ireland – and the Central Bank has identified this as a threat to the health of the economy

Commercial property market faces €10 billion correction

Central Bank warns of downturn as pension funds and retail investors brace for double-digit losses