A1 to recoup assets in Russia accumulated by Quinn family
IBRC, the former Anglo Irish Bank, has set up a joint venture with Russian investment company A1 to recoup real estate assets in Russia and Ukraine accumulated by Quinn family. The assets include a skyscraper in Russia, a DIY chain and various logistics parks.
Residential Property Prices rise by 15% in the year to September
In the year to September, residential property prices at a national level, increased by 15% the CSO reported yesterday. This compares with an increase of 14.9% in August and an increase of 3.6% recorded in the twelve months to September 2013.
In Dublin residential property prices grew by 2.5% in September and were 23.4% higher than a year ago. The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) rose by 1.1% in September compared with a decrease of 0.1% in September of last year.
Nama reports €102m profit for first half of year
Nama made a profit of €102m for the first six months of this year, and has guided that it will complete its work by the end of 2017 or mid-2018, according to its annual statement, published yesterday. This was almost double the €55 million surplus achieved in the same period of 2013. The report shows that Nama’s cash generation accelerated in the six-month period. It generated cash of €5.4 billion during the first half of this year compared with €2 billion in the same period of 2013.
Charity Home Wexford Cycle 2014 – 25th Anniversary
The 25th Welcome Home Wexford Cycle took place on Saturday, 20th September and our fellow colleagues did us proud. In support of the Peter McVerry Trust, which was established in 1983 by Fr Peter McVerry to tackle homelessness, drug misuse and social disadvantage.
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.
