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Ireland's newest town and Dublin's tallest skyscraper: 5 things you need to know in property this week
Your weekly must-knows in the world of Irish property.
EACH FRIDAY, WE collect five of the most important happenings in the land of Irish property, so you stay in the know (and have material to talk about in house viewing queues).
Here’s what’s on our priority list this week, from Dublin’s tallest building to Ireland’s newest town.
1. Knight Frank: ‘urgent need’ for proposed tallest skyscraper in Dublin
In a submission to Dublin City Council for Johnny Ronan’s proposed Tara Street skyscraper, Knight Frank said the proposed 22-storey office and leisure development would give the city a competitive advantage in the “international war for talent”. The plans included a 110-bedroom hotel and rooftop bar. If the building is given the green light, it will become Dublin’s tallest storied building, dwarfing Google’s 67m headquarters – another Ronan development.
2. Dublin residents frustrated at late-night Luas works
Residents of north inner city Dublin have raised concerns over works on the Luas Cross City going on late into the night and disrupting their sleep. Construction on the Luas Cross City has been ongoing in Dublin since early 2013, and the link is due to be completed and running by the end of this year. Once completed, the tram service will link the north and south of Dublin: from Stephen’s Green to Broombridge in Cabra.
3. The deluxe Dromoland Castle is getting a touch-up worth €20 million
The Dromoland Castle hotel has revealed plans for a €20 million renovation of the five-star destination. The plans for the castle, which is based in Newmarket-on-Fergus, Co Clare, include a complete refurbishment of all bedrooms, upgrades to electrical works and heating, roof repairs and improvements to facilities at the on-site golf and country club.
4. The builders behind Adamstown say it’s back on track
The builders responsible for the Adamstown development say that building is back on track. The town, just south of Lucan, was the first of the so-called Strategic Development Zones (SDZ) which benefitted from fast-track planning – and the first ‘new town’ planned since Shannon was created in 1982 in Clare. The €2 billion town was planned to house 20,000 people who could enjoy 70 acres of parkland, sports facilities, a rail station and multiple schools.
5. Ireland’s largest private landlord appeals planning permission for Sandyford development
Ires Reit, Ireland’s largest private landlord, has appealed Dún Laoghaire-Rathdown Council’s refusal to grant it planning permission for a major development in Sandyford. The property investment fund said in a lengthy appeal to An Bord Pleanála that the rejected 467-apartment development at Rockbrook would fulfil government policy “by addressing the housing supply crisis” if it was given the green light.
And finally, this week in property jargon…
This week, it’s gazundering, a modern phenomenon that refers to when a buyer lowers their offer on a previously agreed sale price, just prior to the contract being signed. In some cases this isn’t through the buyer’s choice – for example, it can be in response to findings in the survey.
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