Property investment fund Green Reit has said it is "pleased" with how its sales process is progressing and with the level of interest shown in the business and its assets.

FIFTY apartments in Cork’s Harty’s Quay, earning €760,000 a year in rent after 40% rental growth since they last sold, are included as part of one of the country’s largest sell-off of buy-to-let units.

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.

Ireland’s tallest residential building Capital Dock has been hit with flooding overnight.

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.

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

OVER €100m has been invested off-market, across three low-key retail deals, in the heart of Cork City, at Opera Lane, Merchants Quay/Marks & Spencers Shopping Centre, and St Patrick’s St.

The company which operates Dublin’s five-star Shelbourne Hotel made a pre-tax loss of €71,123 last year, after incurring interest charges of over €118,300.

THE €45.6 million purchase of the John Cleary Developments’ Capitol development in Cork city by a German pension fund “is a major confidence boost for the city” and a positive omen for new development, according to Goodbody investment analyst Colm Lauder.

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

A rental portfolio of 1,170 new homes in Dublin, as yet unbuilt and set for four city sites, is being offered to the investment market from this week, with over €425 million in funding sought, and the promise of over €20m-plus in rents.

JP Morgan Chase is in talks to buy a Dublin office building as the bank considers expanding in the capital as one of its options for when Britain leaves the EU, according to sources.

Kyran Fitzgerald says that rather than drain the swamp as he promised in his election campaign, Donald Trump will actually bring more alligators with him next month.

Publicly quoted property investment fund Hibernia REIT is targeting a 50% increase in total rent roll over the next two years, which would lift its rental income from nearly €40m to €60m.

Before paying rent and interest costs, profits at the four-star hotel resort Carton House climbed 68% to €1.55m in 2014.

Housing charity Threshold has warned TDs and senators that over 1,000 families face being homeless by Christmas unless the Government introduces rent certainty to ease the housing crisis.

One of the country’s largest landlord groups has warned the Coalition over introducing rent controls, saying they would kill off investment in the property market and rental sector.

Job security rather than workers’ salaries or disposable income has a far greater impact on consumer demand and retail rents, a report has found.

The National Asset Management Agency and property company Kennedy Wilson are joining forces to deliver a landmark €200m development in the heart of Dublin’s docklands.

New York-based global insurance giant MetLife has made its first foray into the Irish market, providing €131m in loans to property investment firm Kennedy Wilson to finance four residential assets in the greater Dublin area.

International real estate and fund management group, Kennedy Wilson has bought a tranche of some 180 UK properties for (£503m) €640m.

The stars of the RTÉ show The Shelbourne last year helped the company that manages the five-star Dublin hotel return to profit.

Luck, and timing, and what might have been....but that’s no consolation for the Fleming Group, whose costly buy-in €245m site assembly vision for Sandyford on Dublin’s southside is only now coming to fruition, as some of its fruits get sold on again.

International property investment firm Kennedy Wilson has — via its London-listed Europe Real Estate fund — invested a further €45m in the Irish market by acquiring significant assets from both Nama and the IBRC.

SOME of Dublin’s very best apartments come for sale with week in the Marker Grand Canal Dock Scheme, valued at c €40 million, or over €400,000 per apartment.

The five-star Shelbourne Hotel in Dublin, increased its operating profits by 44% to €4.5m in 2012.

ONE of the first firms to avail of real estate investment trust legislation introduced by Finance Minister Michael Noonan in the budget, Green REIT, has concluded its acquisition of Nama’s biggest prize — Central Park, Dublin, for €311.5m.

The National Asset Management Agency (Nama) redeemed a further €750m in senior bonds in relation to the €12.9bn floating rate charge over IBRC assets.

Nama has generated €16.5bn in cash and redeemed €7.5bn of senior bonds since it was established in 2009, according to its 2013 end-of-year statement.

Ireland is one of top-four active markets in Europe for portfolio transactions, says Margaret Kelleher.

“A lack of professionalism in senior circles,” is how Bank of Ireland CEO Richie Boucher described the contents of the Anglo tapes.

The landmark CHQ building in the IFSC was sold by the Dublin Docklands Development Authority yesterday as it was revealed that over €100m of commercial property has changed hands in Ireland each month so far this year.

Plans have been unveiled for a €60m cultural quarter in one of Dublin’s finest Georgian squares.

Bank of Ireland chief executive Richie Boucher’s retention was a condition for a group of investors that bought a stake in the lender in 2011, according to Finance Minister Michael Noonan.

Bank of Ireland’s 2012 financial year results underline the extent of the Irish banking crisis.

Merger and acquisition activity declined by over 4% in volume terms last year.

Heavy hitting buyers from abroad are taking us on and buying heavily discounted Irish loan books. Surveyor Margaret Kelleher, a director at Lisney Cork, looks at what’s been going on in the commercial loan market

AIB’s attempt to offload a portfolio of British-based property loans valued at €245m has been revived after an earlier deal collapsed at the start of the week.

US investment firm Kennedy Wilson is being heavily linked with a bid in the region of €300m for the Irish loan portfolio of Lloyds Banking Group.

A US-based property investment firm has acquired Dublin’s converted Gasworks building in Ringsend for €40 million, an average of €190,000 per unit.