Owners of vacant properties beware!
Since the introduction of the Local Government Reform Act 2014, Local Authorities have been given autonomy to vary the level of rates relief granted to owners of vacant properties. As a result, the level of refunds on commercial rates available to Landlords of vacant properties varies significantly between Local Authorities. In Dublin City Council for […]
How much do our Local Authorities rely upon retail rates?
Businesses across Ireland contribute approximately €1.5 billion in commercial rates to Local Authorities across the country each year. This is a critical source of income for each of the 31 Local Authorities in the State and typically accounts for between 16% and 53% of their revenue stream with the national average standing at 33%. According […]
Potential Planning Impacts
It is likely that the Government may introduce Emergency Legislation to extend/suspend the statutory timeframes which apply to planning applications and appeals. Currently a planning application which is not adjudicated upon within the 8 week timeframe (barring an F.I. & assuming no 3rd party appeal) receives a grant of permission by default. The current planning […]
Neil Bannon – Retail on the High Street
There has been a lot of talk about the future of the bricks & mortar of Irish retail and flagging local retail performances – most of which has been framed through the arrival of online sales. But is it all as worrying as we’re led to believe? Neil Bannon, Executive Chairman of Commercial Property Consultancy firm […]
Pritzker Architecture Prize Goes to Two Women for the First Time
When designing a campus for a new University of Engineering and Technology in Lima, Peru, the Dublin-based architects Yvonne Farrell and Shelley McNamara thought deeply about how to integrate the wind and the rain. It is because of that sensitivity to the natural elements, as well as qualities like their emphasis on collaboration, that the […]
Hibernia REIT lets remaining space in 2WML building
Hibernia REIT has let the remaining space in its 2WML building to online fashion platform Zalando Ireland. The 47,500 sq.ft has been rented on a 15-year lease, with term certain of seven years, at initial rent of €2.9 million per annum – almost €60 per square foot. The building is now let to Zalando, Udemy […]
