Daft Daft

EVERY WEEK, WE bring you all the news you need to know about the property market.

The Big Movers

Planning permission granted for children’s hospital at St James’s

An Bord Pleanála has approved plans for a €650 million children’s hospital to be built at St James’s Hospital in Dublin’s south inner city. Construction will start in the summer and is expected to be completed by 2020.

Alan Kelly’s regrets

Labour TD Alan Kelly has said he wasn’t allowed to be as ambitious as he wanted to be in fixing the housing crisis because certain powers were not available to him.  The Minister for the Environment also blamed nimbyism for slowing down the response to the homelessness crisis.

Under Construction

Rollingnews.ie / Dept of Health Rollingnews.ie / Dept of Health / Dept of Health

• The 10-year-old Nenagh retail park in Tipperary, home to seven large outlets, has gone on the market this week for €2.6 million. Woodies and Aldi are the largest businesses in the park, with Woodies providing a rental income of €240,000 with Aldi next in line.
• Mount Merrion in south county Dublin is to be the site of quite a lot of development and building over the next few years, according to a report in the Irish Times. 70 apartments are planned, subject to planning permission. 
• Savills has expanded its new homes division to meet anticipated activity as it reported that last year’s new homes sales came in at €100 million – the highest since the recession, reports the Irish Times.

Savills Savills

Des Res

If you were inspired by the Wolf of Wall Street in any way, then it will probably interest you to know that one of the inspirations for the movie, Alan Wilzig, is selling his Tribeca condo in New York City for $24.8 million (approximately €22.1 million) reduced from $38.5 million (approximately €34.1 million).