Davy seeks to double size of Irish property fund
Davy’s Irish Property Fund, where holdings include a controlling stake in the Nutgrove Shopping Centre in Rathfarnham in south Dublin, is understood to be seeking fresh investment as it plans to double in size over the next three years from its current value of €284 million. The fund, which Davy inherited when it took over Prescient […]
Smyths Toys to buy Toys ‘R’ Us German and Austrian stores
Smyths Toys, the fast-growing Galway-based retail group, has agreed a deal to buy the Toys ‘R’ Us business in Germany, Austria and Switzerland. It is Smyths’ first foray into mainland Europe. The deal will see the Irish business buy 93 shops and four online stores. Investment bank Lazard was hired to find buyers for several […]
Residential property prices rise by 13.0% in the year to February
In the year to February, residential property prices at national level increased by 13.0%. This compares with an increase of 12.0% in the year to January and an increase of 9.7% in the twelve months to February 2017. In Dublin, residential property prices increased by 12.7% in the year to February. Dublin house prices increased […]
Hines completes €165m purchase of high-profile Dublin city centre site
International real estate investor Hines has completed the acquisition for €165m of Chatham & King, a high-profile mix of offices, shops and apartments next to the Gaiety Theatre on South King Street in Dublin city centre. In acquiring the scheme from US private equity giant Lone Star, Hines fended off three rival bids. Two of […]
German architect outlines his vision for Dublin’s north inner city
The man given the task of regenerating a significant portion of Dublin’s north inner city is nicknamed Golden Boots but when Friedrich Ludewig arrived in Ireland this week to outline his vision, he was wearing a comparatively sober pair of grey leopard print boots instead. The boots matched his coat. The retail property developer Hammerson, which is behind the Dublin Central redevelopment covering six […]
Charlestown shopping centre in Dublin on market for €35.5m
One of the last large scale shopping centres to be offered for sale on the instructions of Nama – Charlestown Shopping Centre at Junction 5 of the M50 in north Dublin – is expected to be of interest mainly to US private equity funds and a mixture of Irish and overseas companies planning to strengthen their position […]
