Irish investment funds IPUT and Davy have made two separate swoops on suburban Cork retail assets.

A large element of the mainland European arm of family holiday resort company Center Parcs - which is set to open in Ireland at the end of this month - looks set to be sold.

WeWork gets a lot of headlines for its breakneck expansion into new markets, and now it is planning to go public.

A series of buyout funds including US firms Advent and Blackstone are in talks with advertising group WPP to explore bids for a majority stake in its data analytics unit Kantar.

AN overseas property investment company acquired over 300 apartments in Cork in 2018, in two strong swoops for €67m combined - instantly making it the region’s largest PRS [Private Rented Sector] landlord to date.

AN overseas investment fund, as yet unconfirmed, is the buyer of the c€30 million residential-led investment sale of the City Square development, in Cork City’s Blackpool, which has a weekly income of €40,000, or c €2m per annum.

THE quiet market sale of a €30m-plus residential development, totalling 165 apartments in Cork’s Ballincollig, is likely to see a continuation of overseas buyers and funds now looking for multi-family investments of scale, outside of the Dublin market.

Ireland’s tallest residential tower, the Elysian in Cork City centre, has been sold for over €90m to global property investors Kennedy Wilson.

THE imminent sale of the Elysian tower development to an as-yet unconfirmed international fund, with 217 fully let apartments and commercial units at what’s understood to be a 5% return, may see a snowball effect of REITs and funds interested in Cork city’s multi-family unit sector.

A decade after completion, and having weathered the economic crash, Cork’s iconic Elysian tower and its 211 flanking apartments are now fully occupied.

A decade after completion, and having weathered the economic crash, Cork's iconic Elysian tower and its 211 flanking apartments are now fully occupied.

A number of new office occupiers and sale deals are coming to an end-of-year close in the heart of Cork city, at Lapps Quay, at City Quarter, and at the Elysian, where a new walk-in medical clinic is set to open next month and where a new restaurant letting is agreed. Plus there’s 12,000 sq ft of offices at the Elysian under active negotiation via Lisney.

Tommy Barker reports on a Cork city suburban three-bed that is a perfect match for first-time buyers at its sub €200,000 transfer fee.

Set to move from war-mongering and munitions provisioning to worship and prayer is the former Gun Store, a relic of Cork’s Ballincollig Gunpowder Mills.

Ireland’s tallest building, the Elysian Tower in Cork city, is expected to fetch more than €100m when it goes on sale in the coming weeks.

Ireland’s tallest building, the Elysian Tower in Cork city, is expected to fetch more than €100m when it goes on sale in the coming weeks.

Former US presidents George HW Bush and George W Bush have said "America must always reject racial bigotry, anti-Semitism and hatred in all forms".

Sterling was wallowing at eight month lows against the euro, as investors continued to trade on news that the European Central Bank may start weighing plans to cut its stimulus programme.

AS CBRE prepares to open its first Cork office, new MD Brian Edwards gives an overview of the Cork commercial investment market

US-based IT semi-conductor and wireless communications firm Skyworks Ireland has moved into the ground floor of Cork city’s tallest building, The Elysian.

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

Eir has hailed a significant milestone in revenues and earnings growth and predicted that questions hanging over its future ownership or plans for an IPO of its shares on stock markets will likely subside for the next few years at least.

The Dalata Hotel Group has emerged as the likely new operator of the former Burlington Hotel in Dublin, four months after baulking at such a move.

The Irish subsidiary of US multinational private equity fund Blackstone paid out an interim dividend of €30m last year as its profits increased.

Some of the big names behind the Irish bubble are coming back into the spotlight, but we need to be careful about the ‘globalisation’ of the property market, writes Michael Byrne

A major housing development planned by Cork developer Michael O’Flynn has been blocked amid concerns over flooding risks.

Three Irish universities are to benefit from a €2m grant from the Blackstone Charitable Foundation.

A £13bn (€18m) mortgage portfolio put up for sale by the bad bank charged with winding down the assets of two failed British lenders has lured interest from several possible bidders, the group’s boss said yesterday.

High-profile oil and gas executives are teaming up with private equity funds seeking to invest billions in British North Sea assets and maximise profits by cutting costs, offering the ageing basin a badly needed lifeline.

Ardagh Group has reported a near 25% year-on-year increase in its first quarter revenues to just over €1.2bn.

A scheme run by IBRC that was ruled unlawful in the British courts is likely to feature in the review announced by the finance minister.

General Electric plans to sell the bulk of its $30bn (€28.2bn) property portfolio over the next two years as it returns to its industrial roots, and has set a share buyback plan of up to $50bn — the second-largest ever.

Almost a quarter of the 145 hotels put into receivership at the end of last year are yet to come to market creating a pipeline of properties that will help transactions reach record highs again this year.