Google in talks to buy historic Boland’s Mill site
Google is understood to be in discussions to buy the historic Boland’s Mills site in Dublin’s Docklands.
The landmark building, which was at the centre of fighting during the 1916 Easter Rising, is controlled by Nama. The Boland’s Mill site was bought by developer Sean Kelly for €42m during the boom, with plans to build apartments, offices and retail unit on the 1.7-acre site. Treasury Holdings owned adjacent sites to the mills.
Key Points in the Budget 2015
Read the official summaries of the key budget measures and the detailed analysis from leading accountancy firms.
Government Finance Statistics Report
A report from the Central Statistics Office (CSO) shows at end Q2 2014, Ireland’s Government deficit fell to 3.8% of gross domestic product in the second quarter of 2014 with Government Debt at 116.7% of GDP.
PMI reports increase in construction activity
The September construction PMI (purchasing managers’ index) shows house-building activity grew at its fastest rate since 2000. The report posted 61.5 in September, broadly unchanged from the reading of 61.4 in August and thereby signalling a further strong rise in activity at Irish construction firms.
SFA calls for cut in capital gains
The Small Firms Association (SFA) has called for a cut in capital gains tax as part of next week’s Budget. The body said the rate should drop to 10% for entrepreneurs selling businesses, which would bring it in line with Britain’s levy. It also wants the general GCT rate to fall to 20%.
Hibernia Reit seeks €300m to fund further commercial property deals
Irish property investment company, Hibernia Reit has said yesterday it intends to raise €300 million in a placing and open offer of shares to fund further commercial property deals. The company plans to fund further property investments comprising both new acquisitions and capital expenditure on its existing portfolio from the funds raised.
