Commercial Property

Saturday 12 July 2014

'Jobs will be there, but not the applicants'

Katherine Donnelly

Published 14/10/2013|04:00

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WHEN James Nugent, managing director of one of Ireland's largest property firms, Lisney, took on seven graduates in May, he snapped up more than he needed – with good reason.

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He was looking to the year ahead and with a certain buoyancy returning to the property business, he didn't want to get caught out by a staff shortage.

"I know the company is not going to be hampered by a lack of business, but by availability of graduates. There is a skills shortage," he said.

Mr Nugent, pictured below, recognises the influence Irish parents have on their children's college choices, which contributed to dwindling entrants to property and construction-related courses during the recession.

"The numbers coming in are very few, but anyone graduating from Bolton Street now will get a job," he said of the Dublin Institute of Technology (DIT) property economics course.

The property industry is competing with firms like Facebook and Google to catch the imagination of school-leavers and their parents, he added, but said many may not understand what a career in property offers.

Some of the Lisney team is dealing with some €5-6bn of international money seeking to invest in Ireland, he said, while other projects include land purchasing for the Luas line.

Irish Independent

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