Construction tender prices increase
The Tender Indices for the second half of 2014, produced by the SCSI, show construction tender rates continue to rise steadily in 2014, up 4.4% from this time last year. Construction tender prices increased by 2% since the beginning of 2014.
IBRC seizes property company behind eight SuperValu stores
Irish Bank Resolution Corporation (IBRC) has appointed Liam Dowdall and Sean McNamara of Smith & Williamson accountants to take control of HCJV, the property arm of the Caulfield McCarthy retail group, one of the country’s biggest SuperValu franchisees which owns stores and shopping centres in eight locations around the country on foot of unpaid loans totalling more than €80m.
Shopping Centre Investment in Rathfarnham
Bannon are delighted to bring to the market the sale of Rosemount Shopping Centre, Rathfarnham, Dublin 14. The shopping centre comprises a two level scheme with 8 retail units situated at ground floor and a further 4 commercial and offices units at first floor. The first floor units are served by two stairwells with a minimum quantum of common area to be maintained. There is an attractive Initial yield excess of 8%.
Grant Thornton Corporate 5k Team Challenge Runners
A record 3,856 runners making up 964 teams took part in the third annual Grant Thornton Corporate 5k Team Challenge on Tuesday 2nd September in the Dublin Docklands. Well done to everyone who attended and supported this team challenge and this amazing charity.
LauraLynn – Ireland’s Children’s Hospice was the nominated charity this year who provide palliative care and support to children with life-limiting conditions and their families.
Property firm Green REIT reports net profits of €43m
Green REIT Plc today announced its results for the period from incorporation on 24th June 2013 to 30th June 2014 which reported a pre-tax profit of €43 million for its first year of operation, as it re-valued its portfolio upwards by approximately €36 million.
New type of loan for small businesses
The network of Local Enterprise Offices (LEOs) has joined forces with Microfinance Ireland (MFI) and launched a new type of loan support aimed at Ireland’s small business community called ‘LEO Microfinance’.
