Industry & Business

Construction

Construction to start on GCP2 Production Facility at Takeda Ireland Ltd site

    Construction to start on GCP2 Production Facility at Takeda Ireland Ltd site

Takeda Pharmaceutical Company Limited has announced that a groundbreaking ceremony has been held for its new production facility at the existing Grange Castle site in Ireland. Takeda’s existing footprint at the Grange Castle site will be expanded with the construction of a new standalone, high-containment production facility dedicated to manufacturing its oncology product NINLARO for […]

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Over €1.4bn worth of construction projects moved on-site in Q1 2017

    Over €1.4bn worth of construction projects moved on-site in Q1 2017

Construction Information Services (CIS) have just published their Q1 2017 Construction Market Review which provides an analysis of activity in the construction sector for the first quarter of 2017 and a comparative analysis against the corresponding period in 2016.
Key Stats
Over €1.4 billion worth of projects moved on-site in Q1 2017
Value of projects on-site is down […]

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College Green must work as transport artery first, plaza second – Dublin Chamber

    College Green must work as transport artery first, plaza second – Dublin Chamber

Dublin Chamber, the group which represents businesses in the Dublin region, has expressed concern over the lack of clarity regarding how traffic will move around the city once the new Luas line opens later this year. The Chamber, reacting to the publication of new proposals for a pedestrian plaza on College Green, said the piecemeal […]

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Ministers Bruton and Halligan welcome second call for new apprenticeship proposals

    Ministers Bruton and Halligan welcome second call for new apprenticeship proposals

The Minister for Education and Skills Richard Bruton and the Minister of State for Skills, Research and Innovation John Halligan has welcomed the opening of the Apprenticeship Council’s second call for new apprenticeship proposals.
Minister Bruton and Minister Halligan have called on employers to come forward with apprenticeship proposals. For companies, the skills that will be […]

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PM Group wins manufacturing facility project in China

    PM Group wins manufacturing facility project in China

PM Group has announced a major project win for its new Shanghai office to provide site master planning and engineering design services for BeiGene’s Biologics Manufacturing Facility, located in Guangzhou, Guangdong province, China.
The BeiGene facility is a US$330 million direct investment to establish a state-of-the-art commercial-scale biologics manufacturing plant and to provide funding for research […]

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Minister Breen leads 25 companies on trade visit to Antwerp

    Minister Breen leads 25 companies on trade visit to Antwerp

Pat Breen, Minister for Employment and Small Business is leading an Enterprise Ireland trade visit to Antwerp in Belgium. The aim of the trade visit is to promote Ireland’s extensive experience and capability within the high-tech construction and engineering sectors. The programme provides four key networking opportunities for the 25 participating Irish companies to make […]

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UK construction industry slows down

    UK construction industry slows down

A slowdown in the growth of UK construction activity has added to fears that the country’s economy may be starting to cool. March saw only a marginal rise in new work across the British construction sector, with a weak rise in home building in particular. Any fall-off in activity in the sector is bad news […]

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€3m investment for Sandyford business district

    €3m investment for Sandyford business district

More than €3 million is to be invested in improving Sandyford’s business district over the next five years. Funded by the 1,000 companies based across the area’s four industrial parks, the new Sandyford Business Improvement District Council (SBID) aims to introduce a number of initiatives to make the area a better place to live and […]

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Temporary Building Provides Breathing Space for Irish Catering Supplier

    Temporary Building Provides Breathing Space for Irish Catering Supplier

Post provided on behalf of Spaciotempo.
A multinational FTSE 100 distributor of non-food consumables and equipment turned to temporary building specialist, Spaciotempo, to provide a welcome breathing space whilst the firm builds a 70,000 square feet permanent building inclusive of 30,000 square feet of office space.
Bunzl McLaughlin, based in Armagh, has been supplying the hospitality trade […]

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One Third of Irish Hotels Have Changed Hands Since 2011

    One Third of Irish Hotels Have Changed Hands Since 2011

One third of Irish hotels have changed hands since 2011, according to a study from property consultants, Savills Ireland. The combined sales value over the five-year period was approximately €2.4 billion. The highest number of hotel sales occurred in the larger cities of Dublin, Cork and Limerick.
“Hotel development, like many areas of the property sector, […]

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Price of Basic Metals Rises 12.1 Percent

    Price of Basic Metals Rises 12.1 Percent

The price of basic metals rose 12.1 % in January while other factory gate prices remained relatively stable, according to figures released by the Central Statistics Office on Wednesday. Total monthly factory gate prices increased by 0.2% in January compared to the previous month, and fell by 0.1 % compared to Janaury 2016.
The price index […]

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Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

    Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

The September – December 2016 InterTradeIreland Business Monitor Report, issued on Monday, shows that 98 percent of businesses surveyed have no plan in place to deal with the consequences of a British exit from the EU. The report also showed that 37 percent of construction companies surveyed reported difficulties recruiting skilled labour, with 33 per […]

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Kingspan Full Year Report Shows Revenue up 12 Percent in 2016

    Kingspan Full Year Report Shows Revenue up 12 Percent in 2016

Full year results for Cavan-based building materials producer, Kingspan, released on Friday, showed revenue up 12% to €3.1 billion in 2016.  Trading profit was up 33% to €340.9 million, while acquisitions contributed 11% to sales growth and 7% to trading profit growth in the year.
“2016 was another record year for Kingspan,” Kingspan Chief Executive Gene Murtagh […]

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Phase Two Extension of ‘The Mill’ Enterprise Hub Opens in Drogheda

    Phase Two Extension of ‘The Mill’ Enterprise Hub Opens in Drogheda

The Minister for Small Business, Pat Breen, officially opened the Phase two extension of The Mill in Drogheda, County Louth, on Thursday. The Enterprise Hub was named The ‘Mill’ in recognition of Drogheda’s proud commercial and industrial heritage dating back to the early 1800’s, but is now staking it’s claim as one of the leading […]

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The Benefits of R&D Tax Credits and the Knowledge Development Box for the Construction Sector

    The Benefits of R&D Tax Credits and the Knowledge Development Box for the Construction Sector

Post provided by Mazars.
From building technologies and enhanced decision-making systems, the advances in both digital technology and connectivity with established engineering systems and principles has created the much needed drive for innovation in the construction sector. Given recent opportunities and prior reflections, owners and practitioners alike should seek efficient projects, lower costs, advance materials and […]

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Dublin Office Tenants ‘Pre-Letting’ Space In Buildings That Have Not Yet Been Constructed

    Dublin Office Tenants ‘Pre-Letting’ Space In Buildings That Have Not Yet Been Constructed

There has been a surge in office “pre-letting” – the practice of tenants committing to lease contracts before a building has even been constructed – accounting for 28,000 square meters (44%) of all the Dublin office space leased in Q4 2016, property consultants Savills said on Monday.
In Dublin 2 and 4, where the demand for […]

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Accenture Launches R&D Hub ‘The Dock’, Announces 300 Jobs

    Accenture Launches R&D Hub ‘The Dock’, Announces 300 Jobs

Accenture announced on Friday plans to hire more than 300 technology and design professionals in Ireland this year. This includes 100 new roles at The Dock, the company’s multi-disciplinary research and incubation hub, which was officially opened the same day.  The Dock has capacity for more than 200 professionals to co-create new services and solutions.
“Accenture […]

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€28 Million Funding Announced for Fishery Harbour Infrastructure

    €28 Million Funding Announced for Fishery Harbour Infrastructure

Minister for Agriculture, Food and the Marine Michael Creed announced details of a €28 million Capital Investment Package for the ongoing development of Ireland’s Local Authority owned small harbour network in Monday.
In announcing the initiative the Minister said: “The €28m I am allocating for the 2017 Fishery Harbour and Coastal Infrastructure Capital Programme represents a […]

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Semi-Permanent Building Provides Home for Centre of Excellence in Ireland

    Semi-Permanent Building Provides Home for Centre of Excellence in Ireland

Post provided on behalf of Spaciotempo.
Commercial trailer manufacturer Dennison opted to create its Centre of Excellence robotics training facility at the company’s Irish base using semi-permanent buildings specialist Spaciotempo.
Faced with the challenge of restricted and limited space at the firm’s site in Naas, Dennison opted for a semi-permanent structure to provide an instant building and […]

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€20 Million Office Development Launched in Cork City

    €20 Million Office Development Launched in Cork City

A €20 million office development at Camden Place will provide 150 construction jobs with up to 500 jobs coming on-stream in Cork city centre on completion, the Cork Chamber of Commerce announced on Thursday. Demolition will commence in February, with work on the 65,000 square foot of lettable floor space expected to take 12 months.
Award-winning […]

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Deloitte to Open Blockchain Lab in Dublin

    Deloitte to Open Blockchain Lab in Dublin

Professional services firm Deloitte opened its EMEA blockchain lab at Whitaker Court in Dublin’s “Silicon Docks” district on Monday.
The bespoke-designed lab builds on Deloitte’s global fintech and innovation practice which involves a network of labs around the world including a major lab on Wall Street.  Blockchain is an evolving database technology which has the capacity to […]

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BIM4Analysis 2017 Webinar

    BIM4Analysis 2017 Webinar

The IES team will hold the next instalment of their IES Faculty BIM webinar series on Thursday 2nd February 2017. They’ll share the latest updates on their BIM4Analysis strategy, as well as their interoperability development work, helping you improve Revit to IES data exchange and enhance your BIM workflow with analysis. They also plan to […]

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Prime Industrial Rents Expected to Grow 13.9 Percent in 2017

    Prime Industrial Rents Expected to Grow 13.9 Percent in 2017

Prime rents in the industrial sector may rise by almost 14% in 2017, following an increase of 25% last year, according to commercial property specialists CBRE’s Outlook 2017 annual report, released on Tuesday.
The report found that industrial take-up of almost 290,000 square meters was achieved in Dublin in 2016 in 183 individual transactions – a […]

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Construction Activity Rises for 40th Month in a Row

    Construction Activity Rises for 40th Month in a Row

The Ulster bank Purchasing Managers’ Index (PMI) for December, released on Monday, showed that activity in the construction sector constinued to rise until the end of 2016. The report gave December a 58.9 in December, down from 59.8 in November. For the PMI index, and reading above 50 represent a growth over the previous month.
Rates […]

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Aerie Pharmaceuticals to Establish Athlone Manufacturing Plant

    Aerie Pharmaceuticals to Establish Athlone Manufacturing Plant

Aerie Pharmaceuticals, Inc. announced on Monday that they have entered into a lease agreement with IDA Ireland to establish a new manufacturing plant in the recently-constructed 2,650 square meter IDA Advanced Technology Building in Athlone, Ireland.
Aerie has commenced equipment ordering and will begin internal construction immediately. Estimated project-wide construction and equipment costs are expected to […]

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Investment In Irish Commercial Property Reached €4.5 Billion In 2016

    Investment In Irish Commercial Property Reached €4.5 Billion In 2016

Commercial property consultants CBRE Ireland released statistics on Friday, detailing the volume and value of investment in Irish commercial property in 2016 and showing that a total of €4.5 billion was invested in Irish CRE in the 12 month period. This is a significant result considering it excludes commercial properties traded as part of loan […]

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Number of Fatal Workplace Accidents Drops by More Than 20%

    Number of Fatal Workplace Accidents Drops by More Than 20%

There were 44 people killed in workplaces in 2016, representing a 21% reduction of the 56 reported in 2015, according to figures released by the Health and Safety Authority on Thursday.
Construction fatalities were down to nine in 2016, from 11 in 2015. The number of deaths on farms remained high, with 21 reported in 2016, […]

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House Price Inflation May Hit Double-Digit Levels in 2017

    House Price Inflation May Hit Double-Digit Levels in 2017

Irish house price inflation is set to accelerate in 2017, potentially reaching double-digit levels, according to the MyHome.ie property report for the final quarter of 2016.
“Clearly low stock levels will be the main driver of what’s happening in the market and will be for the foreseeable future,” MyHome.ie Managing Director Angela Keegan said. “Our report […]

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Mortgage Approvals Rise by 30.8%

    Mortgage Approvals Rise by 30.8%

The number of mortgages approved rose by 30.8% year-on-year and  increased by 2.0% month-on-month for the three months ending November 2016, according to the latest figures from the Banking & Payments Federation Ireland (BPFI)  Mortgage Approvals Report released on Thursday.
The report also found that a total of 3,377 mortgages were approved per month, on average, in […]

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Construction Industry to Experience Most Positive Outlook in a Decade

    Construction Industry to Experience Most Positive Outlook in a Decade

The economy is growing at a solid pace, and the quantity and quality of buildings and infrastructure delivered by the construction industry will play an important role in that economic recovery according to a recent CIF Report on Construction Skills and Prospects to 2020. The report says that there is a significant challenge the industry […]

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Dublin Warehouse Nets Most Bids Ever Recorded at Allsop Online Auction

    Dublin Warehouse Nets Most Bids Ever Recorded at Allsop Online Auction

Allsop’s final auction of 2016 took place this week with 158 properties sold and total sales of over €28m, Daft.ie’s Martin Clancy reported on Monday.
“The auction was characterised by competitive bidding from investors targeting properties with strong rental income and potential for asset management,” Allsop’s Divisional Director, Jonathan Fenn, said. “A mixed-use investment in Tuam […]

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Construction Industry Set to Grow by 9% Annually up to 2020

    Construction Industry Set to Grow by 9% Annually up to 2020

The Construction Industry Federation (CIF) launched a website featuring career opportunities on Monday in the wake of a report that construction activity can sustain an additional 112,000 jobs up to 2020 with an estimated €17.8billion worth of projects in the pipeline in 2017.
The DKM economic consultants report, Demand for Skills in Construction to 2020, indicated […]

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Ulster Banks Construction PMI Shows Sharp Rise in Employment

    Ulster Banks Construction PMI Shows Sharp Rise in Employment

Irish construction firms continued to record strong activity growth during November, supported by a further sharp increase in new orders, according to the Ulster Bank Construction PMI released on Monday. Rising workloads encouraged companies to up their rate of job creation and increase purchasing activity. Meanwhile, there were further signs of intensifying price pressures. The […]

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Dublin Ranked Fourth Most Attractive City for Property Investment

Photo credit: Hans-Peter Bock hpbock@avaapgh.de
Dublin is the fourth most attractive city in Europe for real estate investment, according to an analysis by PwC and the Urban Land Institute (ULI) released on Thursday. Dublin saw €4 billion of real estate activity in the 12 months before September 2016, putting it behind Berlin, Hamburg and Frankfurt, and […]

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SEAI Announces €30 Million Community Energy Fund for 2017

    SEAI Announces €30 Million Community Energy Fund for 2017

The Sustainable Energy Authority of Ireland (SEAI) announced on Tuesday, November 6, that it will offer €30 million in grant supports for community energy projects next year.  This represents a 50% increase in funding from the 2016 grant levels – an additional €10 million.
CEO of SEAI  Jim Gannon said: “For 2017 we are particularly interested […]

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Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

    Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

Retail property rents are expected to see increases of between 7 and 10 percent over the next 2 year,s according to a new report released by property consultants, Savills Ireland, on Friday December 2.
“Rents in some prime shopping locations have already risen by more than a third over the last three years,“ Director of Research […]

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West Pharmaceuticals Expansion to Create 100 Jobs

    West Pharmaceuticals Expansion to Create 100 Jobs

Medical manufacturer West Pharmaceutical Services, Inc. announced on Tuesday, November 29, the completion of a 60,000 square foot expansion at its contract manufacturing facility near Mulhuddart, County Dublin. The expansion was initiated in response to customer demand for medical device manufacturing, especially in the area of diabetes.
West Pharmaceutical Services, Inc. manufactures packaging components and delivery […]

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Voxpro Expansion to Create 400 New Jobs in Dublin

    Voxpro Expansion to Create 400 New Jobs in Dublin

Cork-based multilingual customer experience and technical support providers Voxpro, announced on Tuesday, November 30, that it intended to create 400 new jobs, alongside the launch of a new Dublin office located in the Silicon Docks.
Voxpro currently operates centres in Cork, Dublin, California and Georgia, USA. The company delivers customer support to customers in over 32 countries […]

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AIB Loans More Than €300 Million to Irish Hotels in 2016

    AIB Loans More Than €300 Million to Irish Hotels in 2016

AIB announced on Tuesday, November 22, that it had approved over €300 million in loans to the hotel sector in 2016. AIB’s Head of Hospitality Owen Travers said that the funding would “contribute to over 1,000 new bedrooms on the island of Ireland over the course of the next 12 to 18 months.”
A report by […]

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€15.5 Million Wind Farm Opened In Co. Antrim

    €15.5 Million Wind Farm Opened In Co. Antrim

Gaelectric officially opened its £13.4 million (€15.5 Million) wind farm on Thursday, November 17, at Cloonty in Co. Antrim. The 9.2MW wind farm is located on the Castlecat Road between Derrykeighan and Bushmills.
Cloonty is renewable energy and energy storage group Gaelectric’s fouth operating wind farm in Northern Ireland. The Company has 184MW of operating wind […]

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Galway Technology Campus to Create 200 IT Jobs

    Galway Technology Campus to Create 200 IT Jobs

US insurance company MetLife announced on Wednesday, November 16, that it would expand its Irish operations by opening a Global Technology Campus in Galway. The Campus, which is expected to open in the first half of 2017, will support 200 skilled IT jobs, according to IDA Ireland.
“Ireland is uniquely positioned to become a leading global […]

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Telefex Opens International Headquarters in Athlone

    Telefex Opens International Headquarters in Athlone

US surgical device provider Telefex opened its newly-constructed Global Operations and International headquarters in Athlone on Tuesday, November 15.
The 45,000 square-foot facility, located in the IDA Business & Technology Park, houses a laboratory and office space and is intended to serve as the location for Teleflex’s global operations. Teleflex has operated in Athlone since 2007, […]

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136 New Office Buildings to be Built in Dublin

    136 New Office Buildings to be Built in Dublin

136 new office buildings, totaling more than 12 million square feet, are planned to be built in Dublin over the next five years, according to Savills’ 2016 Skyline Survey. The developments, intended to provide working space for more than 100,000 employees, are largely centered in Dublin’s central business district, with the majority of the developments […]

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PM Group to recruit 500 graduates over next five years

    PM Group to recruit 500 graduates over next five years

Irish-based PM Group has announced the recruitment of around 500 graduates over the next five years, as it announced operating profits of €10.9 million for the year ending 31st December 2015.
At least half of these graduates will be sourced in Ireland, across all engineering disciplines as well as architecture, environmental, construction and project management. Recruitment […]

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DPS wins contract for €100 million clinical manufacturing facility in the US

    DPS wins contract for €100 million clinical manufacturing facility in the US

Engineering group DPS, alongside its US architectural partner TRIA, has won a major contract to work on Moderna Therapeutics’ new €100 million clinical manufacturing facility in Norwood, Massachusetts.
DPS is providing full architectural and engineering design, as well as project management services, for the 200,000 sq. ft. facility. The finished site will provide Good Manufacturing Practice […]

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Ballymore launches new “Dublin Landings” docklands development worth up to €700m

    Ballymore launches new “Dublin Landings” docklands development worth up to €700m

Private property group Ballymore has officially launched its new docklands development, Dublin Landings, at an event at the CHQ Building IFSC on Custom House Quay this morning.
Dublin Landings is set to be a 1 million square foot mixed-use development on North Wall Quay. Five new buildings are set to be delivered by 2020, with 700,000 […]

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Supply issues hurting housing market as prices set to rise, according to reports

    Supply issues hurting housing market as prices set to rise, according to reports

Two new reports on the Irish housing market, commissioned by myhome.ie and daft.ie respectively, have warned of the shortfall in the supply of new homes across the country.
The lack of necessary housing units being provided will house prices to rise more than 5% by year end. According to the daft.ie report, this increase is twice […]

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Center Parcs €233 million investment to create 1,750 jobs in Longford

    Center Parcs €233 million investment to create 1,750 jobs in Longford

Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor believes that the small town of Ballymahon in Co Longford is set to be the focal point as the midlands undergoes a “transformative economic impact” with the Center Parcs €233 million investment.
An update on the massive project was provided at a special community reception in Ballymahon, […]

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Skills gap remains an issue despite positive economic outlook

    Skills gap remains an issue despite positive economic outlook

A new report compiled by Hays has found that while Ireland’s overall economic outlook is positive, a growing skills gap in industries such as tech and construction is an important issue.
Economic growth in Ireland has been on a steady upward curve, with unemployment down from 9.4% last year to 7.8% this year. The report found […]

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Surge in jobs for Construction and Property professionals

Hays Ireland, a leading construction recruitment firm has reveled that the demand for professionals in the construction and property sector has surged 40% in July, compared to this time last year.
The recruitment agency also reveled that Architects were the most sought after up 60% but there was also strong demand for contract managers, quantity surveyors […]

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Construction sector grows in June

Confidence on the growth prospects for the Construction sector was close to a record high last month, according to the latest Ulster Bank Purchasing Managers index.
The main index rose from 55.9 to 59.7 during the second quarter- any figure above 50 indicates growth.
This leaves the index – a monthly measure of activity and sentiment – significantly above the 50 no-change benchmark. […]

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Bidding Settled for New Luas Project

A €368m cross-city Luas line bid was settled in a High Court challenge during the process of settling the contract.

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Residential Flooding Halt’s Construction on Wind Farm

Roscommon deputy, Michael Fitzmaurice stated that the construction will not continue until the investigation is complete.

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Dart Expansion Requires Space at Dublin Airport

Don Cunningham, the Irish Rail’s director of infrastructure stated that the Dublin Airport needs to set aside a space for the Dart line.

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PwC Survey Shows Potential Setback in the Construction Industry

A new survey by the pwc shows that many leaders in the construction industry believe that their business would suffer if Britain left the European Union.

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JCD Group Bringing Over 150 Jobs to Cork

New construction for a commercial property company is expected to create 150 jobs for Cork as they are looking for employees to run the new data center.

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Ireland’s First Sustainable Homes Label

    Ireland’s First Sustainable Homes Label

The Irish Green Building Council has launched Ireland’s first sustainable homes label to encourage the construction of quality residential housing developments.

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Nearly half of building costs go towards construction

A new survey published by the Society of Chartered Surveyors reveals that less than half of the costs involved in building a three bed, semi-detached house in the greater Dublin area go towards construction.
The survey, based on a study of eight house building projects in or around Dublin, found that the ‘hard cost’ of construction […]

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