Initiative Ireland has launched Ireland’s first syndicated property finance platform (www.initiativeireland.ie). The launch coincides with the company’s pre-approval of a €1.5 million secured loan, which has been approved for funding via the platform. The largest crowd-lending loan approved to date in Ireland, the loan will fund the development of 10 social housing apartments and a […]
Abbey Upholsterers Specialist Joinery & Fit Out is expanding its workforce and manufacturing space in Carrickfergus with support from Invest Northern Ireland. To meet the demands driven by new contract opportunities, fifteen new roles will be recruited at Abbey Upholsterers by 2019.
The majority of the roles will be in its production division to support the business in […]
Kingspan, a global leader in high performance insulation, building fabric, and solar integrated building envelopes, has been named for the third year in a row on The Climate ‘A List’ by CDP, the international not-for-profit organisation that measures the environmental impact of thousands of companies around the world. Kingspan is one of only two Irish companies […]
Guaranteed Irish has welcomed measures in Budget 2018 to increase housing supply and support enterprise. However, the organisation cautioned that further measures are needed to adequately stimulate Ireland’s construction sector. Measures welcomed by the business membership organisation included a total allocation of €1.8 billion for housing in Budget 2018, the establishment of Home Building Finance […]
The Construction Industry Federation (CIF) has stated that the measures announced in Budget 2018 will help address the systemic weaknesses in infrastructure investment.
Tom Parlon, CIF Director General, stated: “The Government has taken significant steps today towards insulating the economy from externals shocks today with the announcement of a 17% increase of €790 million in public […]
Guaranteed Irish has called for a reduction in VAT, the expansion of incentive schemes, and an overhaul of apprenticeships to stimulate the construction industry. The organisation has published recommendations on the steps needed to ensure sustainable construction in Ireland in future years. The recommendations were formulated at a roundtable event attended by Guaranteed Irish construction-industry […]
Enterprise Ireland, in association with the National Paediatric Hospital Development Board, is inviting registration for a ‘Meet the Buyer’ event for the construction of the new children’s hospital. The event will take place at the Royal Hospital Kilmainham from 8am – 12 noon on 25 October 2017 and is free of charge.
This ‘Meet the Buyer’ […]
Kingspan Insulation in North America pulled out all the stops as it marked the commissioning of its new GreenGuard XPS manufacturing line in style with a ribbon cutting ceremony last month. The $25 million expansion at the company’s Winchester plant is part of Kingspan’s growth strategy for the North American market. This facility is in […]
60 companies from across the construction sector attended the Enterprise Ireland Technology Gateways Innovation in Construction conference in Dublin this week. The event focused on the importance of innovation in this pre-Brexit era.
The conference brought together two clusters of Technology Gateways – A-IoT* and EMD Ireland**, providing specialised presentations and industry case studies from Technology Gateways involved […]
Center Parcs was delighted that An Taoiseach Leo Varadkar joined Martin Dalby, CEO of Center Parcs for the recent Official Sod Turning Ceremony, marking the start of construction work on the €233 million development at Center Parcs Longford Forest, Ballymahon, County Longford. The milestone occasion was celebrated with local community, as well as representatives from […]
Ibec has called on Government to oppose and prevent measures under consideration by Dublin City Council to restrict student accommodation. The proposal seeks to provide planning authorities with an additional basis to oppose the building of student accommodation if there is already purpose- built student accommodation within a three square kilometre radius of the planned […]
Eoghan Murphy, Minister for Housing, Planning and Local Government, has approved the construction of 70 rapid delivery houses at three locations in Dublin City. The houses will be built in Cherry Orchard, Ballyfermot (53 units) and in Rathvilly Park (13 units) and Woodbank Drive (4 units), Finglas.
The houses will comprise 39 three bedroom units and […]
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 […]
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.
Over €1.4 billion worth of projects moved on-site in Q1 2017
Value of projects on-site is down […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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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 […]
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, […]
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 […]
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 […]
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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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 […]
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 […]
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.
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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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 […]
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.
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 […]
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 […]
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 […]
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.
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Photo credit: Hans-Peter Bock firstname.lastname@example.org
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]