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Red light for a rooftop cinema at Stephen's Green: 5 things to know in property this week

Plus a second home for Google at Boland’s Quay.

THE PROPERTY WORLD moves quickly. With new acquisitions, developments and vital information making headlines each week, it can be hard to keep track of everything.

So, every week, we give you a run down of the topics that have people talking. From tech giants taking over Dublin’s Docklands to stylish new hotels opening in much sought-after residential areas, read on to find out the latest…

1. No rooftop cinema at Stephen’s Green… at least not this year

4026522Source: YouTube/YOTEL Hotels

Plans for marketing consultants, Outset, to create a pop-up outdoor cinema on the roof of Stephen’s Green Shopping Centre car park have been dashed as they face planning permission complications.

Outset director Mark Jacobs told Fora that due to An Bord Pleanála’s decision, the firm has no plans to go through the full planning process to gain permission for the outdoor cinema.

2. Docklands office block bought for €5m sells for €101m

Following a complete refurbishment, the vacant Beckett Building on the north side of Dublin’s Docklands has been bought by South Korean company Kookman Bank for a whopping €101 million.

According to The Irish Times, it was bought by The Comer Group for €5 million in 2013.  €30 million was put towards a complete fit out before it was went into 15-year lease agreement with Facebook.

3. Google buys Bolands Quay in Dublin’s docklands

4020931 Source: Savills

Staying with tech, Google has bought the Boland’s Mill development in Dublin’s docklands. The development had been on sale for around €170 million, although it is not yet known how much Google paid for it.

Bolands Quay will comprise 28,000 square metres of office space, 46 apartments, cafes and a ‘cultural space’. It’s due to be completed next summer.

4. Ireland’s first Hyatt Hotel will be in Dublin’s inner city

Dublin’s Liberties will soon be home to Ireland’s first Hyatt hotel. Set to open in 2019, €50 million will be poured in this 234-bedroom property. The new site will face St. Patrick’s Cathedral, reports Pól Ó Conghaile for The Irish Independent.

Said to target the millennial globetrotter, Hyatt hotels already operate in 20 cities, to date, including New York, Madrid and Tokyo. “We believe that this is the start of a very strong relationship for Hyatt in Ireland,” said Jason Ballard, its Regional Vice President of Operations.

5. Green light for huge Dublin accommodation project

neds'avs Source: Flickr/mikecogh

One of the largest tourist accommodation blocks in the country has been approved by An Bord Pleanála, making way for an eight-storey budget hotel and eight-storey aparthotel block on the site of Ned’s pub on Townsend Street in Dublin city centre.

The €65 million project would be home to 595 units. As part of the plans, a restaurant was also proposed for the site as well as an apartment block of 21 units.

And don’t miss, this week’s property buzzword…

We’re breaking down the complicated world of property jargon, one buzzword at a time. This week, it’s split-level home.

A split-level home is a particular house type where the floor levels are staggered. From the outside, it may look like the original layout has not been changed, until you see the side or back of the property – exactly the case with this transformed bungalow in Knocklyon.

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