Offices rebound likely to cause sector to heat up again in 2026
The year ahead will be one of rebuilding as confidence gradually returns, potentially spurred on by a single large deal
JLL
Property firm Jones Lang Lasalle sees two thirds drop in profits
Advisory noted 2023 as a tough year for office leasing, capital markets and private rentals due to inflation and high interest rates
Dalkey’s historic Queens pub returns to the market for €3.95m
Landmark venue with rich history dating back to 1745 for sale with full planning for boutique guest accommodation
BrookLodge & Macreddin Village in Co Wicklow put up for sale for €17.5m
Award-winning Wicklow resort for sale as going concern as founders look to focus on new projects
French investor snaps up Johnny Ronan’s office investment for €11m
Kingram House was offered for sale as part of wider Dublin portfolio disposal on behalf of receiver
Private Irish investor pays €3.4m for Sandyford office block
New owner in line for 7.39 per cent return on investment following acquisition of Millbank House
Global drinks giant signs for new European headquarter offices at Charlemont Square
Mark Anthony Brands International to occupy 44,000sq ft across sixth and seventh floors of McGarrell Reilly development
Remote working ‘headwind may be weakening’ as Dublin office leasing picks up
Vacancy rates continue to rise due to relative oversupply of properties, says BNP Paribas Real Estate
Stripe deal pushes Dublin office market to strong second quarter
JLL Ireland says Dublin is still facing an elevated vacancy rate at 15.7% and activity remains focused on Dublin 2 and 4
Limerick city site with full planning for 24 apartments guiding at €1.75m
Holding at 94 O’Connell Street is well placed according to selling agents to capitalise on ongoing urban regeneration
US investor to offload Cork’s Blackpool Shopping Centre at heavily discounted €49.5m
Varde Partners paid €115m to secure ownership of 300,000sq ft scheme as part of wider retail investment portfolio in 2014
O’Connell Street landmark with full planning for boutique hotel seeks €9m
Former premises of Kylemore cafe, seeking €9m, occupies high-profile location overlooking the Spire and the GPO in the heart of Dublin city centre
High-profile retail investment on Grafton Street seeking €3m
No 6 comes for sale fully let at ground- and upper-floor levels to well-known newsagent, Bus Stop, and to tanning salon operator
French investor in €16m deal for Garda Ombudsman headquarter offices
21-24 Capel Street is fully let to Garda watchdog, and Spar owner BWG group, and is generating over €1.26m in annual rental income
Paddy McKillen jnr seeking €2.75m for landmark Lamb Doyle’s pub
Famed premises in the foothills of the Dublin Mountains comes for sale with planning application in train for 14 houses
Cosgrave Property Group seeking €19m for south Dublin office investment
Dún Laoghaire scheme offers potential for the development of 256 waterfront homes, feasibility study says
Investment in Irish commercial real estate slumps to post-crash low
Report by Sherry FitzGerald highlights dramatic fall-off in investment on back of higher interest interests
Office leasing in Dublin falls to lowest level in more than a decade
Volume of space down 44% on the previous quarter and 63% below five-year quarterly average, report from JLL Ireland shows
SEI signs for new office headquarters at Charlemont Square
Tech giant takes space for over 200 workers at McGarrell Reilly scheme in Dublin city centre
The office is not dead but a reset is clearly underway
World’s largest tech companies mandating three days in office while pipeline of best-in-class space is drying up, JLL research shows
‘Subdued’ sums up the 2023 commercial property market as weak global sentiment hits investment
Having weathered the Covid-19 pandemic, the market has been becalmed by elevated interest rates and inflation
Hotel investment spend to surpass €500m as visitor numbers hit new heights
Dublin city hotels secured a record average room rate of €258 in June while revenue per available room came in at €234
Dublin’s office market is in a downturn, but just how deep will it be?
After a big recovery in the years after the financial crisis, there is renewed talk of haircuts and receiverships in the sector
US investor pays €75m for Dublin social housing portfolio
Deal comprises 156 newly developed apartments in Donnybrook village, Dun Laoghaire and Clondalkin
Dunboyne landbank with scope for large residential development seeking €8.95m
Meath holding of 72.87 acres comprises 26.78 acres zoned for housing with remainder likely to be rezoned in the future, says agent
Lombard Street site zoned for hotel and residential use seeks €5.5m
Brownfield holding in Dublin’s south docklands offers scope for 127-bedroom hotel, 89-bedroom aparthotel or high-density residential scheme
Newly opened Dublin city centre hotel seeking €10m
Sale of 51-bedroom ‘micro-budget’ hotel on Dame Lane offers prospective purchaser net initial yield of 6%
Suffolk Street investment at €7.15m offers potential yield of 8%
Nos 24 and 25 come for sale with strong line-up of retail and office tenants in place
Prime development site in heart of Dublin’s political beltway seeks €1.7m
Infill site zoned for mixed-use development including residential, office, hotel and childcare, is currently generating income as a car park
Davy investors snap up seven shopping centres for €103m
Fund controlled by Davy Real Estate completes deals for Kennedy Wilson and Harcourt Developments schemes
Commercial property market dips sharply in first half of year
Retail is strongest sector as office market suffers worst six months in over a decade amid rising interest rates and post-pandemic work patterns
Financial storm bears down on US commercial real estate
Long-awaited reckoning arrives as loans on buildings come due at time of scarcer credit and higher interest rates
French investor pays over €26m for B&Q’s Liffey Valley flagship store
Purchaser secures ownership of property from Aviva and Iput in the face of competition from four other parties
Garda Ombudsman Commission headquarter offices go on the market
21-24 Capel Street comes for sale fully let to Garda watchdog and Spar owner, BWG Group
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