Area Focus: Dublin’s Docklands and the Office Market

The Docklands is witnessing heightened development activity with 1.4 million sq ft under construction as well as the potential for a further 2.1 million sq ft to be delivered from the area’s remaining brownfield sites. Background The modern form of Dublin’s Docklands can be traced to the 18th Century with the construction of the North Read more about Area Focus: Dublin’s Docklands and the Office Market[…]

A Hard Brexit Could Result in the Relocation of 40,000 Financial Service Sector Jobs

A recently published report by Oliver Wyman Management Consultants, estimates that a Hard Brexit could result in the relocation of as many as 35,000-40,000 financial service sector jobs from the UK. According to our calculations, based on an average space to worker ratio of 130 sq ft, this implies that Dublin and other European cities Read more about A Hard Brexit Could Result in the Relocation of 40,000 Financial Service Sector Jobs[…]

€286 million invested in the Irish commercial property market in Q2 2017 as the normalisation of activity levels continues

The normalisation of activity levels in the Irish Investment market that became apparent in Q1 has continued into Q2, with approximately €286 million worth of investment transactions changing hands. The Dalata Group’s purchase of the Clayton Hotel on Cardiff Lane for a figure believed to be in the region of €40 million represented the largest Read more about €286 million invested in the Irish commercial property market in Q2 2017 as the normalisation of activity levels continues[…]

Over one million sq ft transacted in Q2, the largest quarterly quantum seen in this cycle

 The Dublin market saw 1,045,532 sq ft transact in Q2 across 81 deals, marking the first time the million square foot threshold has been breached in this cycle. Take-up for the first six months of the year now stands at 1,518,938 sq ft which is 32% higher than the same period in 2016. The high Read more about Over one million sq ft transacted in Q2, the largest quarterly quantum seen in this cycle[…]

Rural Report 2017: Irish farmland update

  The average price of farmland in Ireland fell by 1.6% in 2016, which follows on from a decline of 9.9% in 2015. In total, 34,000 acres changed hands at an average price of €8,771/acre during the year. This represented the seventh successive year that farmland values have stayed below €10,000/acre and remain less than half Read more about Rural Report 2017: Irish farmland update[…]

28 Acres Dubber, Co. Dublin Strategic Development Opportunity (S.P.P.)

A significant GE zoned land holding has just been launched to the market by Knight Frank on behalf of the Receivers Grant Thornton at a guide price of excess €2.8 million exclusive. Extending to 27.99 acres, this single block holding is ideally situated in a strategic location between Dublin Airport and the M50 Motorway in Read more about 28 Acres Dubber, Co. Dublin Strategic Development Opportunity (S.P.P.)[…]

Existing schemes currently cater for only 13% of the student population

Dublin’s growing student population and the current under-supply of beds are attracting the world’s leading global investors with 7,181 bed spaces now in the pipeline according to Knight Frank’s Student Housing Report 2017. The number of full-time students in Dublin has increased by 34% over the past 10 years, accounting for 43% of Ireland’s student Read more about Existing schemes currently cater for only 13% of the student population[…]

A note on the economy, jobs growth and underwriting demand for office space in Dublin

The Irish Government raised money at its lowest ever rate today, with the NTMA sourcing €500 million of 12 month debt at a negative interest rate of 0.43%. The low rate is reflective of the appetite for Irish investment assets as the economy continues to grow at a robust pace, with the ESRI projecting that Read more about A note on the economy, jobs growth and underwriting demand for office space in Dublin[…]

Smithfield is seeing heightened occupier demand, with very limited prevailing vacancy

INTRODUCTION Smithfield has a rich tangible history, making it an area of increasing appeal to occupiers, especially those from the tech industry. The origins of Smithfield can be traced to when the area emerged as an agricultural trading post located at the outskirts of medieval Dublin City, where cattle was primarily traded. The establishment in Read more about Smithfield is seeing heightened occupier demand, with very limited prevailing vacancy[…]

Dublin office market is well positioned to cater for the expected increase in demand from Brexit.

With global financial powerhouses such as Morgan Stanley, JP Morgan, Bank of China, BNY, Lloyds, Barclay’s and Credit Suisse all rumoured to be eyeing Ireland as a post-Brexit base, Dublin is presented with a once in a generation opportunity to turbo-charge its standing as an international financial services centre. While some doubts have been raised Read more about Dublin office market is well positioned to cater for the expected increase in demand from Brexit.[…]