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UK co-working space opens its first Dublin location: 5 things to know in property this week
Plus, the State has spent over €100k on private security for an unused barracks.
EACH AND EVERY week, we put together a round-up of the week’s biggest property news stories around Ireland.
Stay on the real estate pulse with our five-minute digest, featuring the vital news from the week just gone. This week, a new shared office space opens in Dublin – and The Marker Hotel faces a potential sale. ..
1. UK shared office provider opens in Dublin to capitalise on Brexit
UK-based shared office provider Us&Co hopes its pitch as a high-end provider can see off the ample competition in the local market as it waits on an anticipated ‘Brexodus’ of businesses to Ireland. On Thursday, the company opened its first facility in Dublin: a 16,000 sq ft office in the south city centre that features more than 270 desks.
Two clients have already signed up to use the facility as an Irish base, including Edinburgh asset management firm, Baillie Gifford, which also has offices in London and Hong Kong. Apart from the Brexit play, the company also chose Dublin as its first move outside London due to its connectivity with the British capital
2. Limerick port accuses clients of trying to derail major project
Shannon Foynes Port Company has claimed that firms using its facilities are attempting to derail a data centre project proposed at its Limerick city docks. The Limerick port operator applied to the council last year for permission to moor a 4,836 sq m floating data centre on part of its lands at Ted Russell Dock, which would create 24 permanent jobs.
Since its application, a number of objections against the proposed data centre were lodged with the council. Limerick Port Users, a group of 16 businesses on the docklands, said the mooring of a data centre at the dock would prevent the port from meeting the needs of its existing clients.
3. The State has spent over €100k for security on an empty barracks
The State has spent over €100,000 on private security in the past three years for an army barracks that has been unused for over six years. The figure was revealed by Minister Paul Kehoe this week. Columb Barracks in Mullingar was closed in 2012, causing outcry among locals as the 200 troops left for the last time.
It has been vacant since then, with a number of incidents of anti-social behaviour reported at the former barracks. Although it has long been earmarked as a potential site for housing development, no works have yet got under way on the site.
4. Portobello hotel to go ahead despite objections
A six-storey hotel in Portobello has been given the go-ahead by An Bord Pleanála despite the plan being opposed by locals – and despite its own inspector recommending the planning be refused, reports the Irish Times.
5. The Marker Hotel could be sold in a €125m deal
Grand Canal Square’s Marker Hotel is facing a potential sale of up to €125 million, reports Independent.ie.
According to the publication, a selling agent hasn’t yet been formally appointed to the five-star hotel, which is owned by Midwest Holding AG and an investor group led by Brehon Capital Partners.
