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  • £2.75m for city centre bank buildings

    Bank of Ireland is to sell three office buildings adjoining its main branch on College Green, Dublin 2. The buildings at 1, 2 and 3 Westmoreland Street, are partially occupied by the bank and are expected to make in excess of £2.75 million when they go to tender on July 21st.
IN BRIEFBack to Top

  • Woodchester to sell its D2 headquarters for £5m-plus

    GE Capital Woodchester is disposing of a quarter-acre site beside its headquarters looking on to Dublin Castle on Stephen Street Upper, Dublin 2. Selling agents Lambert Smith Hampton are expecting a price of around £5 million for the site which would suit office or residential development.

  • 30,000 sq ft Sandyford office building seeks single tenant

    Gunne Commercial is quoting in the region of £19 per sq ft for a 30,000 sq ft office building at Silverstone House on Ballymoss Road at Sandyford Business Park. The new building is being offered with a view to securing a single tenant. There will be 75 car spaces available with Gunnes quoting around £700 per space. The building, approximately 300 metres from the proposed Sandyford Luas link, is due for completion early next year.

  • Interlinked buildings on Eden Quay offered for £1.8m-plus

    Two interlinked buildings at numbers 22 and 23 Eden Quay, Dublin 1 are being sold at auction on July 5th by agents Finnegan Menton who are quoting a guide price of £1.8 million. The 6,835 sq ft of accommodation, with four parking spaces, produces £120,000 per annum, or around £16.50 per square feet, which suggests an initial yield in excess of six per cent. Agents Finnegan Menton point out that the tenants, Custom House Fund Management Ltd, manage more than £1 billion worth of funds and represent a very good covenant. The building has been extensively refurbished.

  • Independent Newspapers building seeks £1.5m-plus

    A 21,240 sq ft over-basement building at 111 Abbey Street is being offered for sale by Hamilton Osborne King who are quoting an initial guide price of around £1.5 million. The building at the corner of Middle Abbey Street and Liffey Street is owned by Independent Newspapers. Hamilton Osborne King says the building would suit a variety of uses including ground floor retail. It is currently laid out in open plan style. The closing date for tenders is July 6th.

  • Dublin 2 parking spaces offered for £40,000-plus each

    North commercial agents are expecting a price in excess of £40,000 for each of seven car parking spaces at Clanwilliam car park, on Grand Canal Quay, Dublin 2. Announcing the sale by tender of these "magnificent" parking spaces, North's Phillip Chambers points out that with spaces in the "Golden Triangle" of Dublin 2's office location producing between £2,000 and £2,500 per annum the spaces should produced a return of five to six per cent. he spaces are at the rear of the Treasury Building and Clanwilliam Square.

  • 54-acre site beside Drogheda by-pass expects £4.8m-plus

    A guide price of £4.8 million is being quoted for a 54-acre site of industrial-zoned land adjacent to the Drogheda Bypass which is under construction to the west of the Co Louth town. Under current zoning conditions the site would allow for the development of 1.3 million sq ft of industrial accommodation. Agent Robert B Daly is also selling a 14,339 sq ft industrial unit, built in 1975, also within easy reach of the by-pass which is due for completion in 2002. They are quoting £900,000 to £1 million for the factory unit.

  • £1.6m-plus sought for Co Wexford nursing home

    Hamilton Osborne King is guiding £1.6 million for a 53-resident nursing home at Spring Valley, Enniscorthy, Co Wexford. An adjoining site with planning for 16 two-bedroom apartments is also for sale as part of the same auction on July 5th and is expected to fetch around £350,000. Hamilton Osborne King says the nursing home is occupied and provides a high standard of convalescent and nursing care, and is registered with the South Eastern Health Board.

  • Bank of Ireland building in D24 expects £1.1m-plus

    Brendan J Walsh and Associates are guiding £1.1 million for a 13,573 sq ft industrial unit let to the Bank of Ireland at Cookstown Industrial Estate, Dublin 24. The building is on a 35-year lease and is producing £75,000 per annum. The same agents are also selling Number 8 Stoneybatter, a two-storey commercial building in Dublin 7. The building is offered with full vacant possession and the guide price is £400,000.

  • Bathroom suppliers pay £1.6m for new industrial unit

    Hamilton Osborne King report that the bathroom suppliers, FIT Group Plc, paid £1,605,000 for a 25,000 sq ft industrial unit at Northwest Business Park. The company which incorporates Heritage Bathrooms, National Brass Instruments, Aqua Systems, Bathroom and Tiles and H&V Sales, has also bought an adjoining 0.6 acre site and a planning application is expected for a speculative office development. Gavin Butler of Hamilton Osborne King says that Park Developments has sold approximately 380,000 square feet of industrial space at Northwest Business Park. Only one unit of around 35,000 sq ft remains for sale at £3 million or rent of £265,000 per annum.

  • Retail building on Wexford's quayside for £400,000-plus

    A three storey end-of-terrace commercial building on Wexford's recently upgraded quayside has been brought to the market by local agents Kehoe & Associates.
INDUSTRIALBack to Top

  • Irish Life, ESB fund pay £25m for centres

    Irish Life Assurance Plc and ESB Pension Fund have paid £25 million for three logistical centres in a sale and leaseback deal with a major freight company at Robinhood Road and Airport Business Park.
REDEVELOPMENTBack to TopTRENDSBack to Top

  • Institutions get back in the groove of the big spenders

    As overall returns on investment property continue their strong run, the institutions have been busy on the acquisition trail. This year, transactions in properties with values in excess of £500,000 reached £114.4 million in the first four months, with institutional buyers accounting for 83 per cent of these transactions.
INVESTMENTBack to TopOVERSEAS INVESTMENTBack to Top

  • Irish invest £272m in UK in first quarter of year

    In the first quarter of this year, Irish investors accounted for 20 per cent (representing £272 million) of total overseas investment activity in the UK, only being surpassed by the Germans. With value of sterling at an all time high, why do Irish investors continue to invest in the UK?
GEORGIAN BUILDINGSBack to Top

  • Restoration develops conservation skills

    Much of Dominick Street, once one of Dublin's finest Georgian streets, was swept away in the 1950s and 1960s. But now a major restoration project already costing over £250,000 is under way at 20 Dominick Street, a large house, once an orphanage, which now serves as the headquarters of the National Youth Federation.
IN FOCUS/WATERFORDBack to Top

  • Retail boom in outskirts prompted by lower rents

    The outskirts of Waterford city have been experiencing a retail boom over the past year, with a plethora of new outlets opening in warehouse retail parks and shopping centres.

  • Quay changes as docklands area set for total revamp

    Waterford's inner city has been undergoing a gradual, piece-by-piece facelift which began in the mid-1980s and saw over £50 million invested in designated areas over the past five years. The revamp is about to take on a new dimension by expanding the heart of the city into the north quays - an area that has for a long time lain derelict and desolate apart from the odd disused grain store or unsightly cattle ship.

  • New roads, better air access key to city's bright high-tech future

    The recent opening of multinational telecommunications giant NTL's customer management centre in Waterford has been a real coup for Waterford - a city where future economic prosperity could depend on its ability to attract high-tech and scientific industry. Waterford has one of the largest and most impressive Institutes of Technology in the country with a ready pool of software graduates and has already attracted a number of large multinationals like Allied Signal, Bausch and Lomb and AOL.
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