Nama may be ready to wind up by 2018
The National Asset Management Agency (Nama) is on target to complete its asset sales by 2018 and has generated more than €1 billion in cash receipts so far this year, according to a presentation delivered to investors this month by Nama chief executive Brendan McDonagh.
Luas airport link seen as likeliest option
A Luas link from Dublin city centre to the airport is emerging as the favoured option to replace the controversial Metro North project.
Minister for Transport Paschal Donohoe has initiated a review of various options for the north Dublin-Fingal area, including connections to Dublin Airport.
DCC gives go-ahead for multi-million euro docklands development
The first of the fast-track developments planned for Dublin’s docklands has been given the go ahead by the city council. The planning permission for the site on Sir John Rogerson’s Quay will involve 58 apartments and 9,000 square metres of office space.
DAA begins €10m office development at Dublin airport
Dublin Airport Authority is to spend an estimated €10 million on the redevelopment of the former Aer Lingus head office at the airport. The six-storey over basement building with a floor area of 8,300 sq.m (89,400 sq.ft) will in future be known as One, Dublin Airport Central.
Starwood acquires Lone Star’s Dublin office pool for €350m
Starwood Property Trust has acquired a portfolio of stabilised offices in Dublin from Lone Star for €350m, in the firm’s first equity investment in Ireland and also the first by a major US REIT in Dublin, reflecting a net initial yield of circa 5.6%.
Ireland named top location for US Foreign Direct Investment
A report, commissioned by the American Chamber of Commerce Ireland, reveals that US firms have invested more than $277 billion here since 1990. In addition, the 700 US companies based in Ireland now employ 130,000 people.
