There is potentially another great year ahead for everyone working in property and construction. There are "boom-time" conditions in almost every market, with the exception of retailing, but there is plenty of movement there too, and a changing-market means lots of transactions.
IPUT's recent pre-letting of a further 430,000 sq ft of office space at Wilton Park overlooking the Grand Canal in Dublin 2 to LinkedIn is expected to bring to more than €30m the rent roll which the Irish commercial property investment company will generate from the office space, according to industry sources.
In one of the largest industrial lettings in the Cork area within the past 10 years, specialist glass processing company Precision Quality Glass (PQG) has taken a lease on Block A Ringport Business Park in Ringaskiddy, which comprises a detached warehouse of 95,000 sq ft.
Development 8, a Dublin-based developer, has purchased Naas Road Industrial Park on the western fringes of Dublin City for around €9m. Agents Quinn Agnew had been quoting €7.5m for the property which comprises six self-contained units extending to 8,100 sq m (87,200 sq ft) on a site of 1.7 hectares (4.2 acres).
The taxation of land is a weighty topic, beloved of economists, and David McWilliams raised the issue in the 'Irish Times' last week. Mr McWilliams deserves our attention, as his book 'The Pope's Children' wrote the script for the collapse of the Celtic Tiger property market. He is calling for a land tax on the grounds that "unearned wealth is accruing to landlords and the property industry". Unlike entrepreneurs, "landlords are, in the main, an inert drone class, living off the rents of others," he says.
A MIXED-USE property at 6 Berkeley Road, Phibsboro, Dublin 7, has gone sale agreed for slightly more than its €425,000 guide price. Extending to 160.56 sq m, it includes a ground-floor café and a three-bedroom residential duplex overhead.
Reports that WeWork has pulled out of two agreements to lease Dublin office buildings reminded me of that nervous period for agents, developers and vendors - the state of limbo between agreeing a deal, and getting contracts signed. But is there anything that can be done to reduce your risk?
It is meant to be one of the crown jewels of central Los Angeles's urban renaissance, but now it is in limbo - plagued by lawsuits from subcontractors, and victim of an ongoing trade dispute between China and the US and a Beijing crackdown on credit and capital flight.
The Foxhound Inn in Kilbarrack, Dublin 5, has been put on market as the owners James and Kathleen Coughlan are retiring. Agent John P Younge is quoting €850,000 for the two-storey over-basement property on Greendale Road, beside Greendale Neighbourhood Shopping Centre in the north city suburb.
A frustrating experience with a snippy receptionist at an estate agents this week, and the publication of the Ireland Customer Experience 2019 Report by the CX Company, reminded me of my core value in business, ie making your clients feel special. Everyone agrees that customer service is important, and most firms will organise sporadic training, but the quality of your service is rarely a strategic priority. Which is strange, when you consider that firms are in the business of providing a service, and the best at it will win most business and maximise long-term profits.
The Cusack family are selling their popular Ardboyne Hotel and wedding venue in Navan, Co Meath. Lisney Morrisseys, the licensed and leisure property specialists, are quoting €3.5m for the venue which comes with two nearby sites and development potential.
Showing 1 - 30 of 1502 results