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need to know
Cork takes Starbucks to court: 5 things to know in property this week
Plus a look at the new Barclay’s office and the proposed Hell Fire Club Visitors Centre.
THE WORLD OF PROPERTY can be a hard one to stay on top of. That’s why each week we bring you the must-know stories in property, so you can stay in the loop of all of its developments.
From a legal battle between Starbucks and Cork city to a group of architects raising over €120,000 for the homeless, here’s what’s been happening over the last seven days…
1. Cork city takes Starbucks to court over its Patrick Street shop
Cork City Council is taking coffee giant Starbucks to court to try to shut its shop on Patrick Street. In a statement to TheJournal.ie, a spokesperson for Cork City Council confirmed that the case had been referred to the courts, after Starbucks refused to comply with a closure order by 29 June 2017.
The outlet opened in 2015 and was one of three Starbucks in Cork city to open without planning permission.
2. New images show Hell Fire Club visitor centre plans
Images of the planned new visitor centre for the Dublin Mountains have been published by South Dublin County Council. The new project, it’s planned, will provide a ‘gateway’ to the area, and would be located close to the landmark Hell Fire Club – a 1700s shooting lodge overlooking the city at Montpelier Hill.
At an estimated cost of €15 million, the Council says the centre would be constructed from natural materials and integrated into the landscape “with extensive panoramic views of Dublin City”.
3. Barclays is moving into a new Dublin office
Barclays bank has signed a lease to let more than half of a new office block under development on Molesworth Street that’s capable of housing up to 430 staff. The 20-year agreement will see the financial firm take on 3,437 sq m of office space at investment property firm Green REIT’s One Molesworth Street development in Dublin 2.
This will see Barclays occupy two and a half floors of the office building, with the option to take up a further half floor of the development upon the building’s completion.
4. The number of people seeking insolvency is on the rise
The Insolvency Service of Ireland (ISI) has issued a reminder of the damaging effect financial issues can have on mental health as a report reveals that more than 1,200 people applied for insolvency between April and June this year.
Figures released in the ISI’s statistical report for quarter two of the fiscal year show that the number of people seeking debt solutions in Ireland continues to rise.
5. Architects raised €124,000 for the homeless
Almost 200 architects have raised thousands for the homeless by giving free consultations in exchange for donations. In one week, 191 registered architects across the country gave 1,366 one-hour consultations with the public for a donation of €90.
They raised over €124,000 which was then donated to the Simon Communities. The RIAI Simon Open Door campaign, which began in 2004, has helped raise over €720,000 in donations.
And finally, this week’s property buzzword…
The world of real estate is full of barely decipherable jargon. Every Friday, we simplify by explaining one more property buzzword for you.
This week it’s undercroft, which is a fancier way of saying cellar or storage room, and usually refers to a ground-level area that is relatively open to the sides but covered by the building above.
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