Industry & Business

Construction

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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Grafton Group reports postive start to trading year

UK and Ireland-based building materials group Grafton has reported a positive start to its trading year with group revenue for the first four months up 13.2% to £790m.
The builders merchanting and DIY group said it expects these trends to continue throughout the remainder of the year.
However, its Belgian business saw difficult trading conditions due to weak economic […]

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Construction growth activity slows again for a second month

After a record growth in February, construction growth activity in the construction sector has now eased back for both March and April.
The Ulster Bank Construction Purchasing Managers’ Index (PMI) – found the rate of expansion was the weakest since November 2015, down from 62.3 in March to 56.4 last month.
The monthly survey of participants in the sector […]

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Announcing the National Construction Summit 2016, Taking Place in the RDS, Dublin on June 15th

Tom Parlon (right), Director General of the Construction Industry Federation (CIF) and Tom Moloney, Managing Director of Construction Information Services (CIS) at the announcement of the National Construction Summit 2016 to be held in the RDS on June 15th
Building on last year’s highly successful event, The National Construction Summit 2016 will be, once again, the […]

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Property prices rise for the first time in 5 months

New figures from the Central Statistics Office show property prices rose slightly in March for Dublin showing signs of growth in the sector for the first time in five months.
Property prices were up 0.3%  last month, and have risen by 7.4% in the year.
Following four consecutive months of decline, Dublin prices rose 0.9% in the month […]

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Rate of growth in construction industry eases

According to the latest Ulster Bank Construction Purchasing Managers’ Index, inflation in the construction sector has eased to its lowest in nearly two years, according to a study of the sector. Activity in the sector continued to rise strongly in March, although it did ease back on an historic high in February.
The industry posted a figure […]

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Dromoland Castle objects to Applegreen plan

The five-star Dromoland Castle hotel is seeking to block plans by Applegreen to extend its national network of motorway service areas into Co Clare.
Last month, Applegreen lodged plans to construct a service stop on the Limerick-Ennis motorway near the hotel.
The site is only 6km from a site for which Supermac’s secured planning for a service […]

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Center Parcs granted planning for €233m Longford

Longford Co Council has given the planning permission a green light for the new €233m holiday village Center Parcs development.
The project, which will create 750 jobs during the construction stage and 1000 jobs on a permanent basis when up and running, has been approved subject to certain conditions.
Members of the public now have four weeks […]

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€35m investment in Elm Park estate in Dublin

Two investment companies, the US-owned Starwood Capital and Irish firm Chartered Land, are to partner to spend €35m to reposition and develop Elm Park, a large-scale office and residential space on Merrion Road, Dublin 4.
Starwood Capital acquired the Elm Park estate from receivers Duff & Phelps for €190m, and invest in the development and enhancement of […]

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Dalata to build 181-bedroom hotel in Dublin

Ireland’s largest hotel operator Dalata has announced the acquisition of a site in Dublin on which it intends to develop a new €40m hotel.
It has paid €11.9m for the 0.95 acre site of the former Charlemont Clinic on the Grand Canal.
Dalata said the site has permission for a four-star, 181-bedroom hotel with restaurant, café/bar and […]

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Cairn Homes and Hines Ireland deal for Cherrywood

Cairn Homes, the Irish house-builder and real estate firm, Hines Ireland agreed on a deal to purchase two sites in Cherrywood, Dublin for €21.5m. As part of the deal Cairn also has the option to buy a third site for €9.2m on receipt of planning permission.
The €30.7m agreement aims to build more than 300 new homes under […]

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Daft.ie: housing supply hits record low

A report today indicates that housing supply was at its lowest point on record at the beginning of this month. The study, from Daft.ie also suggests that rents nationwide rose by an average of 9% last year.
There were just 3,600 properties available to rent nationwide at the beginning of February, the lowest point on record.  That […]

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LUNOS goes Nexxt Generation

Passive building supply specialist Partel is to launch the new Lunos Nexxt semi-centralised heat recovery ventilation system to the UK and Irish market.
Nexxt is a decentralized heat recovery system that combines the benefits of ductless decentralized and centralized control systems. It enables control of ventilation in several rooms via just one unit, and is also the most silent unit […]

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MyHome.ie predicts house price growth of 5% for 2016

Property website MyHome.ie has predicted another year of “robust” house price growth this year on the back of rising incomes and the ongoing economic recovery.
A new house price survey from MyHome, in association with Davy, has pencilled in growth of around 5% for 2016.
Davy economist Conall MacCoille, who authored the report, said the disparity between […]

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CRH sells controversial stake in Israel’s only cement firm Mashav

Ireland based CRH Group has sold its 25% stake in Israel’s only cement firm, Mashav, ending a focus of huge controversy.
CRH has been targeted by pro-Palestinian activists at its AGMs who pressed for the global building materials firm to sell the stake in the Israeli group.
Cement produced by Mashav has been used to build barriers […]

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Grafton Group acquires London-based timber firm

    Grafton Group acquires London-based timber firm

Grafton Group, the builders merchanting and DIY Group announces that it has completed the acquisition of T Brewer & Co Ltd, a London based specialist timber business that trades from three branches in Clapham, Enfield and Amersham.
It generated revenue of approximately £14m (€19m) in 2015.
Grafton said the deal “extends coverage of the merchanting market in […]

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Cairn Homes to build over 100 apartments on Hanover Quay site

    Cairn Homes to build over 100 apartments on Hanover Quay site

Irish homebuilder Cairn Homes has said it is acquiring a site in Hanover Quay in the Dublin Docklands for €18m from Bennett Construction and Oaktree Capital.
The company said the site is large enough to facilitate the development of over 100 apartments.
It is located within the South Dublin Docklands Strategic Development Zone and has planning permission, with […]

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Growth in the construction sector in Ireland

    Growth in the construction sector in Ireland

The construction sector has recorded its fastest growth in new orders in five months. The rate of job creation also picked up in November, according to Ulster Bank’s latest Purchasing Managers’ Index (PMI).
The construction Purchasing Managers Index tracks sentiment in the industry and showed a reading of 55.5 in November.
While this was below the reading of […]

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Abbey’s half yearly profits rise 75% to €29.68m

    Abbey’s half yearly profits rise 75% to  €29.68m

The property development group, Abbey, has reported pre-tax profits of €29.68m for the six months to the end of October, up from €16.99m the same time last year.
In the company’s results for the six month period ending October 31, Abbey’s profits grew by €12.69m off the back of strong trading in the UK which led […]

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FBD to spend €5.5m on Castleknock hotel expansion

    FBD to spend €5.5m on Castleknock hotel expansion

FBD Property and Leisure Limited (FBDPLL) has applied for planning permission for a €5.5 million upgrade of Castleknock Hotel and Country Club in Dublin.
If successful, the planned 21,280sq ft expansion will create an additional 46 rooms at the hotel, bringing the total number of bedrooms to 190.
As part of the development plan, the day spa – […]

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NAMA to launch €5.6 billion project and to create thousands of jobs and new homes

    NAMA to launch €5.6 billion project and to create thousands of jobs and new homes

The National Asset Management Agency has announced further details of its plans to build commercial and residential developments in the Dublin.
This project aims to deliver almost 4 million square feet of new commercial space in Dublin Docklands and 20,000 new homes in Dublin and other areas of strong demand. The residential programme will require total funding […]

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Balfour wins £130m luxury flat project beside the Palace

    Balfour wins £130m luxury flat project beside the Palace

Balfour Beatty, the international infrastructure group, has been selected by Palace Revive Development Ltd to deliver the pre-construction services contract for a £130 million renovation and new-build scheme on No. 1 Palace Street, in St James’ Park, London.
Balfour Beatty will collaborate with the London-based development company Northacre and Palace Revive Development Ltd to deliver pre-construction […]

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Government announces €2.8bn plan to end long-term use of pre-fabs in schools by 2021

    Government announces €2.8bn plan to end long-term use of pre-fabs in schools by 2021

The Government has announced a plan to end the use of prefabs in schools around Ireland by 2021.
Education Minister Jan O’Sullivan announced the  locations today as she unveiled the government’s six year plan that will see €2.8bn invested in school building projects all over Ireland.
The plan will also deliver an extra 19,000 primary school places and 43,000 […]

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Kingspan’s nine month sales reach €2 billion

Kingspan, the building materials firm, has reported sales of €2 billion for the first nine months of the year. The sales are up 44 percent on the same time last year.
In an interim management statement, Kingspan said the figure was boosted by the contributions of recent acquisitions, while movement on the currency markets also provided […]

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Ulster Bank PMI shows continuous growth in construction

Ulster Bank’s construction PMI for October moves up to 56.3
Construction firms saw another rise in new business, according to the latest Ulster Bank PMI on the sector, which helped boost an overall improvement in activity, employment and confidence.
The Ulster Bank construction PMI rose to 56.3 in October from 55.8 in September. Any figure above 50 […]

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Center Parcs submits planning application for €233m Longford development

Center Parcs Longford Forest could be open to guests in 2019
The short-break holiday company, Center Parcs, has formally submitted a planning application to Longford Co Council. The UK firm applied to develop a holiday village on a 395-acre site at Newcastle Wood, 5km outside Ballymahon.
The planning application outlines the impact that Center Parcs Longford Forest […]

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Grafton acquires Dutch firm Isero for €91.5m

Building materials group Grafton has agreed a deal to buy Isero, a specialist distributor of tools and fixings in the Netherlands, for €91.5m.
Isero trades from 38 branches under the Gerritse, Breur Ceintuurbaan and Van der Winkel brands.
The company reported revenues of €94m and adjusted operating profit of €8.8m for the year to the end of […]

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Despite a decline the construction sector continues to grow

The construction sector ended the third quarter of the year on a positive note, according to the latest construction Purchasing Managers index from Ulster Bank.
Although the Ulster Bank Construction PMI dropped from 56.5 in August to 55.8 in September, a figure above 50 signals growth in the industry, while a figure under 50 signals contraction.
While […]

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