COMMERCIAL PROPERTY

Sale of Merchants Quay units could fetch €12.5m

The investment sale of 29 shop units in the Merchants Quay Shopping Centre, on Cork City’s Patrick Street, is expected to make more than €12.5 million, with buying interest likely to come from a range of skilled retail asset investors.

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Danish lifestyle and homewares company Sostrene Grene latest arrival on Cork’s Patrick St

The arrival in coming weeks on Cork city’s Patrick Street of Danish lifestyle and homewares company Søstrene Grene is a harbinger of a retail uplift to come, as deals also advance with at least two ‘big-box’ retailers for the Capitol Cinema redevelopment.

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Steamboat Quay Car Park: Investment at many levels

Investor extraordinaire, Warren Buffett, once commented: “As commercial real estate continues to be sliced, diced, packaged and synthesised into complex investment securities, parking companies operate much like they did when the concrete was laid decades ago — a time when life was much more simple.”

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The best little warehouse in tech-specs at Little Island

New to the market this week is a large detached warehouse unit in the Euro Business Park at Little Island near Cork. This property is described as a high quality detached warehouse building constructed about 15 years ago.

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Hi-tech office spaces available in Shannon Free Zone digital hub

Just launched to-let in the market is Universal House, in the heart of the Shannon Free Zone (SFZ) in Co Clare. This is part of a wider €21 million project aimed at making the Shannon Free Zone one of the biggest digital hubs in Ireland.

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2016 sales are reaching historic levels

The year so far has been very good for commercial property sales and the forecasted €3.5bn total is within sight, writes Patrick Curran.

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Commercial unit metres from the heart of Cork city

Barry Auctioneers and Valuers is currently offering for sale a centrally located commercial unit in Cork city. This is a single storey mid-terrace property located at 16 Anglesea Street.

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Cork’s Airport Business Park's largest office sale a run-way success

The largest office building in Cork’s Airport Business Park has been sold to an investor, for just over €5.5 million – and, it is likely to be offered to the rapidly expanding international communications company Newsweaver, whose global HQ is already at the Airport Park.

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Simon Coveney talks up towns’ part to play in housing provision and services

Cork’s main towns such as Carrigaline, Fermoy, Mallow, and Midleton will play an important part of the rebalancing of housing provision and services, according to Housing Minister Simon Coveney.

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Cushman and Wakefield offer retail investments worth up to €10m

Retail and mixed-use retail investments worth up to €10m between two lots, in Cork city centre and Midleton in East Cork, are offered by newly re-branded commercial agents Cushman and Wakefield.

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Swings and roundabouts as electrical retailer O’Callaghan Sound and Vision moves

Electrical retailer O’Callaghan Sound and Vision have pulled the plug on their long-established Cork city centre store, to move to an 8,000 sq ft superstore unit near Harvey Normans, by the Kinsale Road Roundabout, and which opens today.

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Sam Stephenson-designed tower and two other lots come to market as Central Bank relocates

The move in coming months by the Central Bank to its new €140 million offices on Dublin’s North Wall Quay has resulted in the eagerly anticipated arrival to market of the iconic Sam Stephenson-designed tower by College Green and Temple Bar, along with two other lots, all with a combined value of €80 million.

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Soundstore's warehouse and HQ goes to market in Cork

There’s a sort of musical chairs series of moves afoot at several of Munster’s TV, audio and white goods retailers this month. As one Cork city centre retailer prepares to move to an edge-of town spot for a larger footprint in coming weeks, the first out of the traps to officially confirm a relocation is the well-known and long-established Soundstore.

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Cork and Dublin September auctions

Two multi-lot auctions are to take place this month, with 24 lots offered with agents DNG Creedon in Cork on September 27, while Allsop have 160 lots under the hammer on September 28, including private houses in Dublin’s southside, investments and commercial buys.

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Montrose student digs on for €41m

A just-redeveloped former three star hotel, converted to student apartments on Dublin’s N11 Stillorgan Road, has been put to the investment market, guiding excess €41.5m.

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Upmarket apartment development in prime Cork city location

The sale of a compact, upmarket apartment development in Cork city’s Sunday’s Well (variously let to Apple employees, medics and academics) will be closely watched: it may well lay down a marker for values for the future residential redevelopment of the nearby, burned-out Good Shepherd Convent and its grounds, which is now ‘sale agreed’.

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DTZ moves under Cushman & Wakefield brand

One of the most familiar commercial property names in Ireland, DTZ, is to be no more, as the commercial wing of Sherry FitzGerald, DTZ, moves under the Cushman & Wakefield brand. It’s one of the global ‘Top Three’ names in the field, vitally with huge US recognition.

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Binary Hub student units open in Dublin

Student accommodation in Dublin is regularly on the mind of anyone looking at third-level education in Ireland.

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