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Tayto Park's new rollercoaster gets the green light: 5 things to know in property this week
Plus, a new six-storey Dublin office block hits the market for €155m.
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, Tayto Park was granted the green light for another rollercoaster (but the decision may be appealed) – and a new ‘beer factory’ is set to open in Dublin city centre.
1. Tayto Park’s rollercoaster plans are barrelling ahead
Tayto Park has secured planning permission for a €14 million steel rollercoaster to be called ‘Coaster 2021′. The theme park, which is located in Ashbourne, Co Meath, is aiming to build the attraction next year and open it to the public in 2021.
Meath County Council has given the green light to the project, attaching 26 conditions to its decision. The planning authority gave the plan the go-ahead in spite of a small number of objections from locals. However, the opposition to the rollercoaster means the decision could be appealed to An Bord Pleanála.
2. Concern over proposal for Meath landfill expansion
Residents living near a landfill in Co Meath have expressed concern about a proposal to significantly increase the amount of waste it takes in and to expand its operations. The firm behind the development, Fehily Timoney & Company, applied last year for planning permission for a number of changes to the Knockharley Landfill site.
The proposal has been met by strong opposition from residents who are worried about the impact of the increased activity at the landfill on their lives and environment. They are also concerned that these proposals, if approved, would extend the lifespan of the landfill.
3. New €10m ‘beer factory’ to open in Dublin city centre
Dublin city centre could soon be home to a €10m brewery, led by former Heineken executive Mark Schneider and the owner of The Woolshed on Parnell St, Geoff Waddell, involve the construction of a new 1,000 sq m brewery in the Parnell Centre beside Cineworld.
Dubbed the Dublin Beer Factory, the plans include brewing facilities – which will be used to produce Dublin Blue Lager – and a visitor centre.
4. Guinness Enterprise Centre to double in size
The group behind the Guinness Enterprise Centre has announced plans to invest €10 million to almost double the size of its base in Dublin 8. The co-working hub in the Liberties, which is managed by the Dublin Business Innovation Centre (BIC), was set up in 2000.
This fresh wave of investment into the facility by Dublin BIC will see office space on site – which can currently hold about 500 workers – almost double in size. The centre currently has space to cater for 85 small businesses and following the €10 million development project, it is expected some 160 startups will be based on-site.
5. Dublin office block The Reflector hits the market for €155m
A new six-storey office block in Dublin has gone on sale with a guide price of €155 million. The Reflector is situated on Hanover Quay and Grand Canal Dock on the south side of the Liffey facing the dock.
Real estate firm Savills is jointly handling the sale and says the building has “impressive water frontage spanning almost 75 meters” on Hanover Quay. Construction on The Reflector began in 2016 and was completed last year. The building already has a number of high-profile tenants including Airbnb, Wix and LogMeIn. The building currently commands total rents of €7 million-a-year.
