Construction Industry News | The Irish Times

The collapsed Morandi Bridge is seen in the Italian port city of Genoa

Investors turn on Italy bridge operator after disaster

August 16, 2018, 10:37

Shares in motorway firm Autostrade down 25% as death toll rises to at least 38 people

Balfour reaped £22 million from disposals, and its US construction arm reported a profit from operations of £17 million.

Balfour Beatty profits quadruple after cost-cutting

August 15, 2018, 08:37

Pre-tax profits at builder grew from £12m to £50m in the six months to the end of June

Grafton’s net debt stood at £62.9 million (€70.4 million) by the end of 2017. Photograph: Alan Betson/The Irish Times

Grafton Group raising €160m to refinance debt

Peter Hamilton
August 14, 2018, 07:21

Woodie’s DIY owner issuing 10 and 12 year bonds with 2.5% yield

In its pre-budget submission IPAV suggested the higher stamp duty rate is discouraging people from living in rural Ireland. Its logic is inherently flawed. Photograph: iStock

Property lobby group’s ideas for budget changes don’t add up

August 14, 2018, 05:03

Cantillon: Flawed logic and populist rhetoric in IPAV’s budget submission

Glenveagh chief executive Justin Bickle, chairman John Mulcahy and chief operating officer Stephen Garvey, at the company’s egm in Dublin. Photograph: Dara Mac Donaill

Glenveagh welcomes prospect of rezoning industrial estates

Peter Hamilton
August 13, 2018, 12:40

Equity housebuilder received approval for €213m share placing

This was the 59th consecutive monthly rise in construction activity and was a sharper rate of increase than that recorded in June. Photograph: Alan Betson

Housing activity biggest boost to construction in July

August 13, 2018, 04:40

Sector showed ‘very rapid growth’ last month, Ulster Bank finds

The volume of sales in Northern Ireland increased 3.1 per cent in the second quarter compared to the same period in 2017. Photograph: iStock

NI property prices increase 6.2% with average house price hitting €181,225

Peter Hamilton
August 8, 2018, 05:00

Low volume of transactions and stable prices recorded in Ulster University index

Eamonn O’Kennedy, a former finance director of Cairn Homes. Photograph: Frank Miller / The Irish Times

Former Cairn Homes director to get share options worth €830,000

Barry O'Halloran
August 7, 2018, 05:35

Cairn’s former finance director Eamonn O’Kennedy to receive 500,000 shares, which will vest in two lots

Eureka secondary school in Kells which was under construction as part of the PPP programme that was jointly funded by the now bankrupt Carillion. Photograph: Alan Betson / The Irish Times

Building costs rising to pre-crash levels, surveyors warn

Barry O'Halloran
August 7, 2018, 04:13

Latest tender price survey from the Society of Chartered Surveyors Ireland shows that building costs are likely to increase by 7.4 per cent this year

Jacobs and its partner Idom was recently awarded a contract connected with the planned 19km high-frequency metro service for Dublin.

Jacobs Engineering’s Irish unit reports big rise in revenues

Charlie Taylor
August 6, 2018, 16:35

Company recently awarded contract to develop the Dublin MetroLink project

A computer-generated image of the upgrade Stillorgan shopping centre in Dublin. John Paul was recently appointed to carry out a significant upgrade at the centre.

Profit and revenue up at John Paul Construction

Charlie Taylor
August 1, 2018, 05:09

Turnover up 25 per cent last year as operating profit rose 40 per cent for Irish builder

Photograph: iStock

Irish builder Glenveagh buys 113-hectare site in Dublin

Ciara O'Brien
July 31, 2018, 16:43

Land has the potential to accommodate up to 1,250 residential units

Properties within 100m of the coast with a wide view of the sea were a third more expensive than otherwise identical properties, a report from Daft.ie found. Photograph: iStock

Sea view boosts property prices by up to 32%, Daft says

Peter Hamilton
July 31, 2018, 03:45

Proximity to blue-flag beach can increase a property’s price by €6,000, research shows

The greater Dublin area accounted for 59 per cent of new supply in the last 12 months, Goodbody’s figures show. Photograph: iStock

Irish housing supply deficit forecast to continue through 2020

Peter Hamilton
July 26, 2018, 11:51

Level of apartment construction ‘disappointingly low’, Goodbody says

Alucraft worked on the facade of the new building at 10 Molesworth Street in Dublin.

Irish glass specialist Alucraft sold to UK investor for €10m

Barry O'Halloran
July 23, 2018, 20:29

Projects include the European HQ of tech giants LinkedIn and Amazon in Dublin

Only 14,500 new dwellings were built last year – roughly half of estimated current annual demand. Photograph: Chris Ratcliffe/Bloomberg via Getty Images

The land grab by listed developers and bubble-era prices

Joe Brennan
July 21, 2018, 04:03

US distressed debt giant doesn’t waste time selling down Irish house builder stake

Three founding directors of Cairn Homes are set to receive a further €47.8 million of ordinary shares in the homebuilder.

Cairn Homes’ directors to get further €47.6m in shares

Joe Brennan
July 20, 2018, 19:08

Some 27m of so-called founder shares held by directors will be converted into ordinary stock

Glenveagh, led by chief executive Justin Bickle, currently has a land bank of about 42 sites that could result in about 10,120 units being built.

Glenveagh in talks to buy land for 7,000 homes

Joe Brennan
July 19, 2018, 15:45

Firm has used up more than €400 million out of €550 million raised in its October IPO

Earlier this year Carillion collapsed into administration, which resulted in the Irish construction firm the joint venture hired to build the schools, Sammon Contracting Ireland Ltd, going into liquidation. Photograph: Simon Dawson/Reuters

Court grants injunction against subcontractors blockading schools

Aodhan O'Faolain
July 18, 2018, 16:17

Firm that took over from Sammon insists it does not owe money for works carried out

Glenveagh’s current land bank has the scope to deliver 10,120 houses and apartments. Photograph: Bloomberg

Glenveagh nears €1bn market value with share sale

Joe Brennan
July 18, 2018, 10:33

Sale of €213m of new shares closes gap on Cairn Homes, which has market cap of €1.34bn

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