Monthly Archives: January 2015

2015: Prospects for the year ahead What would you like to see happening in the commercial property market? In order to maintain the strong level of job creation by multi-nationals and to allow for the expansion of existing businesses we need a significant level of new development in 2015. Only three office schemes are under construction in Dublin,...

Last year 812 homes were constructed in the city, the highest number since 2010 The number of homes built in Dublin city rose last year for the first time in eight years, according the latest figures from the Department of the Environment. The number of houses and apartments that were completed, the number on which construction started and...

Average asking price in the capital is now €269,000, following annual increase of 11.4% Last year saw the sharpest rates of house price growth in seven years and 2015 will see further price increases, although at more modest levels, according to the latest house price survey from MyHome.ie. The report, produced in conjunction with DKM Economic Consultants, found...

2015: Prospects for the year ahead What would you like to see happening in the commercial market in 2015? The priority for 2015 has to be construction activity in the Irish office market. The supply of Grade A accommodation, and in particular large floor plates, is now critically low across all our regional centres. Currently, there is only...

Consortium of investors sell on the property for around €100m US investment group Blackstone has acquired The Atrium building, home to Microsoft and Salesforce, in Sandyford, south Dublin, from a group of private investors led by Pat Gunne. The sale price is understood to be of the order of €100 million. The Atrium buildings, which were developed in...

NEARLY €4bn worth of commercial property deals were done in the the investment market this year, making it the busiest year on record. According to a new report from broker DTZ Sherry FitzGerald, the investment deals, combined with more than €17bn worth of loan sales backed by Irish commercial property, while a further €8bn was spent on the...