Irish Life | Business Post

Unio aims for over €20bn in assets over next five years

The new wealth management business formed by Irish Life following the merger of three of its subsidiaries was unveiled last week

Lorcan Allen’s Stock Take: Commercial property values hit by remote working and interest rate hikes

Demand for office space has weakened sharply as firms reassess needs, with thousands of employees still working remotely

Irish Life owner launches wealth management business to challenge Davy and Goodbody

Unio, a new wealth management business, brings together existing brands Invesco, Acumen & Trust and APT into a single entity that manages €14bn in assets

Yonder secures Irish Life deal

The deal will result in Yonder exclusively offering Irish Life health insurance and pension products to its clients

Irish property funds book writedowns of €240m as commercial market turns

Value of eight of largest funds has dropped as the commercial real estate market continues to correct in the face of rising interest rates and weak demand

Commercial property prices could fall 23 per cent in the next two years, Bank of Ireland warns

Economic modelling carried out by Bank of Ireland has found that commercial property prices in Ireland could fall by 15 per cent this year and 8 per cent in 2024 in a worst case scenario for the market

Irish Life blocks withdrawals from €500m property fund as investors rush to exit

The insurance and pensions company said it had limited withdrawals its Irish property fund after a recent spike in requests from investors seeking to get their money back

Irish commercial property market could lose €10bn in value in 2023

Significant write-downs are expected in response to rising interest rates and reduced demand, while values across retail, industrial, logistics, office and residential units could fall between 10 and 20 per cent this year

Commercial Property

Tech lay-offs and rising interest rates create chilly environment for Irish property investors

Significant write-downs in the value of Irish commercial property seem inevitable this year as markets adjust to the changed macro-economic environment

New-build apartments on Airbnb for €5,900 a month

New-build apartments intended for long-term lettings are being advertised on Airbnb at more than double the regular price

Google’s landlords seek to block office redevelopment

Irish Life, owner of the Velasco Building, is one of two firms objecting to Hibernia Real Estate’s proposed construction of an eight-storey office block on Clanwilliam Place in Dublin 2

Commercial property

Deutsche Bank and Morgan Stanley among big tenants securing Dublin offices

Large spaces at 2 Grand Canal Square and 24-26 City Quay have been taken up, showing robust demand in commercial lettings market

Irish Life rebukes Limerick council over ‘negative’ plans for shopping centre

Life and pensions group criticised the local authority over a proposal to rezone a retail park it owns on the outskirts of Limerick city centre

BoI leading race to buy Davy Stockbrokers

Bank may require assurance there will be no more fines or sanctions against stockbroker as a result of past breaches of regulations

Lidl gets go-ahead for new €5.5m Talbot Street store

The new store will take over the entirety of Talbot Mall, create 35 new permanent jobs and will support up to 100 jobs during the development and construction phases

Shopping centres owner takes action against Claire’s Accessories over rent arrears

Hammerson, which owns the Ilac Centre, Dundrum Town Centre and Swords Pavilions, has sought a summary judgment against the US retailer