Dublin Crane Survey February 2018 - Deloitte
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Dublin Crane Survey February 2018
Contents The report 01 Key findings 03 Development snapshot 04 1 Residential 06 2 Office 11 3 Education and student housing 15 4 Hotel, retail & leisure 19 5 Development table 23 6 Contacts 35
The report
What?
A report that measures the volume of development taking place across Dublin City Council
and its impact. Property types include office, residential, student accommodation and hotels.
Where?
Dublin, covering the Dublin City Council area.
Who?
Developers building new schemes or undertaking significant refurbishment of the following:
Minimum size:
•• Residential - 25 units
•• Office – 10,000 sq. ft.
•• Education & Student Accommodation – 10,000 sq. ft.
•• Hotel – 35 rooms
When?
The report covers the period from December 2016 to November 2017.
How?
Our Real Estate team in Dublin has monitored construction activity across the city by looking
at commencement notices filed with Dublin City Council over the past 18 months, coupled
with Deloitte market knowledge and walking the city identifying sites under development.
01
Square Park
East wall
1. Residential 81
2. Office
M50
54
0
77 91 63
M5
M5
0
57 68
Baldoyle Dub
Ballymun
National
Donaghmede College of
Santry
78 Ireland
69
Jameson 83 Sutton 35 41
The
M50
Distillery Gibson
50
M
Kilbarrack 42
65
Whitehall 60
Howth 39
82 34
National 44
Botanic 51
89
Gardens Bull 38
55
90
62
St Anne’s Island 37
Cabra 73
Park
Trinity 23 Marker Hotel
College
64 67
79
Clontarf Dublin
Drumcondra
Dublin
Castle 36 46
Phoenix Park Ringsend
0
M50
24
M5
Dublin 48 43 33
zoo
47
Palmerstown Dublin
88 85
71 53
port
Merrion Stella
74 61 66 St Patrick’s Square Gardens
56
87 Dublin Cathedral St Stephen’s
80 Ballyfermot Green 31
Dublin bay Irishtown
45
58 St Stephen’s 62
Green
70 59
Iveagh 6 Aviva
Drimnagh
Ballsbridge Gardens 30 Stadium
86
49
M5
93
0
76
Rathmines 72 26
92
29
27 Ballsbridge
Greenhills 84
Milltown M50
Terenure 75 Booterstown 28 50
M50 40
0
UCD
M5
M
50
0
0
M5
M5
Blackrock Sand
0 Cathal Brugha Baldoyle Clayton Hotel
M5 Barracks
Ballymun Burlington
Harold’s Cross
Monkstown
Road
25 Donaghmede
Dundrum
Ballymun Donaghmede Santry
Tallaght Glasthule
Santry
M50
Sutton
M50
3. Education and student housing 4. Hotel, retail and leisure
50
M
Kilba
Kilbarrack Whitehall
Whitehall
National Howth
National Botanic
Botanic Gardens
Gardens St Anne’s
St Anne’s Bull Park
Park Island
Clontarf
Clontarf Drumcondra
Drumcondra
Phoenix Park
0
nix Park
M50
M5
0
13
M5
8
11
2
Dublin
4
Dublin
Palmerstown
5
Dublin Dublin port
7 port 18
14
3 21
9 93
12
12 Ballyfermot 94
1
19
10 6
17 Dublin
16 bay
St Stephen’s
St Stephen’s Green 15
Green
91 22
Drimnagh Drimnagh
Ballsbridge Ballsbridge
Dublin 20
M5
0
Rathmines Rathmines
Greenhills
Milltown Milltown
Terenure Booterstown Terenure Booterstown
UCD UCD
M
50
Key findings
Crane survey results: Outlook:
More than 3,634 residential units under Housing deficit and strong economic
construction 2017 fundamentals in the Irish economy driving
residential development
Over 4,026,431 sq. ft. of new and redeveloped North and South Docklands the epicentre
office space under construction in 2017 for development activity in the commercial
space
13 major student accommodation schemes Strong development in the student
under construction in 2017 will deliver accommodation space projected to continue
4,529 beds when complete into 2018
929 hotel rooms developed over the Brexit effects remain subdued; Dublin hotels
course of 2017 nor the commercial office market appear to be
impacted greatly at this point in time.
However, a solution to housing deficit may
increase attractiveness of Dublin as a location
for the future
03Development Snapshot
Which sectors are the most active? (Number of schemes under construction)
12 Office
29 Office
13 Student Accommodation 42 Residential
9Hotels
Total Total office Number of Total hotel
residential space under student beds rooms under
units under development under development
construction development
3,634 4,026,431 sq.ft. 4,529 929
041 Residential
Introduction response to the Irish financial crisis and the sudden deflation
The sustainability of Ireland’s recovery and economic future is of the Irish property bubble, the Irish government created the
dependent on a number of interdependent factors, including National Asset Management Agency (NAMA). What followed was
continued growth in the tradeable sector of the economy, Ireland’s a prolonged period of reduced house building with developers
ability to compete and attract talent to its cities and for its cities exiting the market amid significant debt exposure. A dysfunctional
to adopt meaningful solutions, which address the real needs of and stagnant housing market ensued, with sale prices in many
its inhabitants. Fundamental to enabling economic prosperity is instances falling below the cost of construction. As market
the provision of housing to meet the demand. Ireland is simply participants, and in particular banks, struggled to cope with the
not producing enough housing, either in number or tenure type, economic collapse, their focus shifted rapidly from development to
to meet current and future demand. Housing completions fell one of survival and deleveraging. The pervading landscape of the
from a peak of near 90,000 units in 2006 to a low of less than markets is evidenced by the reduction in overall mortgage lending,
10,000 in 2013. While there have been some tentative signs of which declined from a peak of €39.9bn in 2006 to just €2.5bn in
improvement, housing completions remain exceptionally low with 2011, five years later.3
approximately 15,000 units completed in 2016.1 As of 2017, it is
estimated that Ireland will have to build 25,000 residential units per This period of reduced house building along with improving
annum to meet demand. The government continues to introduce economic conditions (Ireland being the Euro area’s fastest growing
new initiatives to address the imbalance in supply and demand,2 economy in 2016) has now created attractive market conditions
however, it will take time for these initiatives to create the desired for homebuilders in the short-to-medium term, as both house
and necessary impact. prices and rental rates increase across the capital. In the past five
years, housing prices in Dublin have risen by an average of 61%
Central to meeting housing demand is strong residential or €134,300.4 This strong and sustained demand, combined with
development activity and the existence of a proper functioning a supply shortage, has underpinned the increased construction
marketplace. Irish residential property prices peaked in 2007 activity being seen in the Capital.
followed by a fall of more than 50% over the period 2007 – 2013
and a bottoming out in 2013. The effect of the housing market 2017 has been a positive step forward for residential development
collapse and high loan-to-value ratios saw many developers in the Dublin City Council area, with approximately 42 residential
get into financial difficulty and left the banks with high levels of sites under construction. These schemes will add a total of 3,634
non-performing loans on their balance sheets, eroding trust new residential units when complete. The increased level of activity
and confidence in the banking sector. In late 2009, as part of its in the sector has been driven by a number of factors, including
1. National Statement of Housing Supply and Demand 2016 and Outlook for 2017-18.
2. Economic and Social Research Institute Quarterly Economic Commentary
3. Banking and Payments Federation of Ireland: Mortgage Drawdowns Q2 2017
4. Daft.ie House Price Report Q3 2017
061 Residential |
Dublin crane survey
renewed developer confidence, increased availability of credit from •• Marlet Property Group is developing 180 apartments at its
both traditional and alternative sources and the drive to meet Mount Argus development on Kimmage Road (Dublin 6). Located
increasing demand in a city which is experiencing a severe housing in Harold’s Cross, the scheme is made up of eight blocks ranging
shortage. in height from three to five storeys.
•• In Clongriffin (Dublin 13), Gannon Homes is in advanced stages of
Major developments
Phase 1 of its Beltree Park development which comprises of 114
•• Kennedy Wilson and NAMA have commenced construction of three and four bedroom houses. Phase 2 and Phase 3 will add a
one of Dublin’s largest mixed use developments, Capital Dock, in further 29 and 28 houses respectively to this scheme.
the city’s docklands. The scheme is made up of 7 blocks, ranging
•• Dwyer Nolan Developments is developing a 106 unit scheme in
from 3 to 19 storeys. When completed, the development will
St Margaret’s Road, Poppintree (Dublin 11). The development
include 204 luxury apartments. A feature of the development is
consists of 60 duplex units, 46 houses and associated roads,
that businesses that locate in the office blocks will have priority
drainage and landscaping works.
access to the scheme’s apartments. JP Morgan has confirmed
that it will acquire one of the schemes office blocks.
New market strategies – PLCs and build-to-rent
•• On the site of the former Berkeley Court Hotel, Chartered Land The pipeline for new residential development across Dublin is
is developing 5 pavilion-style seven and eight storey apartment strong and looks set to continue into the medium term as new
blocks that will include 215 luxury apartments when completed. entities enter the market. Glenveagh Properties, a joint venture
The penthouse has been pre-sold for €6.5m, the highest price between US private equity firm Oaktree Capital and Maynooth-
ever paid for an apartment in the State. based homebuilder Bridgedale, raised €500m through their IPO in
2017. Glenveagh has stated that it’s intention is to use the capital
•• There are two major residential schemes underway in Ashtown
raised to build 1,000 homes per year by 2020 and 2,000 per year in
(Dublin 15). Ballymore Properties is developing 156 housing units
the longer term.
at their Royal Canal Park scheme. The development is a mix of
houses and apartments. Similarly, Castlethorn Construction
Cairn Homes, the London-listed homebuilder, was the most
has commenced Phase 1 of a development at Rathborne Park
active developer in the Dublin area over the past year with c.609
consisting of 60 units. Phase 1 is part of a scheme that will
residential units in the pipeline. In the Grand Canal Dock area
ultimately include 208 three and four bedroom houses, a crèche
(Dublin 2), an area popular with young professionals and in close
and two five-a-side playing pitches.
proximity to many blue chip companies, Cairn is building at Six
Hanover Quay. The project consists of a 122 unit seven storey
071 Residential |
Dublin crane survey
mixed use development over a basement car park. Residential limited rental market. The highest number of households ever
accommodation is proposed from first to seventh floors with recorded (c. 500,000 according to the Central Statistics Office) are
retail units provided at ground level. In Rathgar (Dublin 6), Cairn is now renting. The ratio of homeownership to renting in Ireland was
building the Marianella scheme which will include c.275 units across 70:30 in 2016 compared to 80:20 in 2006, confirming an increasing
a range of formats, from one to four bedroom apartments to three trend towards renting rather than buying among households.6 Ires
bedroom townhouses. The scheme includes a residents’ clubhouse REIT, the Canadian property investment company and Ireland’s
encompassing a gym, wellness suite, lounge and private cinema. largest landlord outside of the government, is one of the largest
players in the build-to-rent market in Dublin. Other institutional
Dublin’s build-to-rent investment market reached €280m in 2017, investors in the market include US-headquartered Kennedy Wilson
with global institutional investors seeking to apply the professional and Hines, with Irish Life expected to announce its entrance in the
letting model to the city. This is up from €220m and €250m in 2015 coming year. To date, most build-to-rent investors have bought
and 2016 respectively.5 The build-to-rent concept is commonplace already developed properties rather than developing greenfield
in markets such as the US and is becoming an increasingly popular sites. The largest residential investment transaction in Dublin City
investment option across Europe and the UK. While still a relatively Council in 2017 was Kennedy Wilson’s purchase of 124 apartments
new model in Ireland, the Irish residential sector is attracting more at North Bank in the North Docklands (Dublin 1) for €45m.
institutional capital than before and build-to-rent schemes are
beginning to appear on the landscape. Higher property prices
linked to supply shortages are increasing pressure on an already
5. Hooke & MacDonald Dublin Multi Family / Build to Rent Investment Market – Review and Outlook for 2018
6. CBRE - Alternative investment in Ireland 2017
081 Residential |
Dublin crane survey
Conclusion landscape is unlikely to change dramatically over the short
The strong year for residential development in Dublin City Council to medium term, and the presence of alternative lenders has
was not without issue. become the new norm.
Challenges remain with respect to the efficiency of processes, Ultimately, the increase in the supply of housing needs to be
availability of land, and reducing build costs to improve overall maintained in order to ensure that Dublin City remains an
economics of homebuilding, including: attractive destination for new business investment. This is
particularly relevant as the impact of Brexit continues and UK
•• Government policies such as the release of state land and recent
based companies consider future EU location needs.
tax reforms should help discourage the hoarding of land, but
implementation of same may prove challenging.
•• Further to this, the new National Planning Framework should
help improve and expedite the granting of planning permissions. Total housing units
Infrastructure needs must also be addressed. Across the 3,634 being developed
country, there have been calls to expand the Local Infrastructure
Housing Activation Fund beyond the current €300m. To date,
local authorities have sought €800m, indicating that the funds Average sale time
available are simply not sufficient.7
•• Work remains to be done on reducing the average sale
timeframe, with conveyancing taking on average 22 weeks in Ireland
Ireland compared to the global average of 11 weeks.8 9 22 weeks
FOR SALE
•• From a financing cost perspective, access to senior debt remains Globally
difficult and particularly so for development assets. Traditional 11 weeks
Irish senior lenders continue to apply a very narrow underwriting
approach and with limited budgets. As a result, developers are
turning to more expensive sources of capital through alternative
funders to fulfil their requirements. The prevailing funding
€6.5m Highest price ever paid for an apartment
Penthouse at Lansdowne Place
7. Deloitte Housing Report December 2017
8. www.lawsociety.ie/news/media/press-releases/econveyancing/
9. World Bank – Doing Business 2018 Largest residential
€45m investment transaction
09 Kennedy Wilson81
M50
54
0
77 91 63
M5
0 Baldoyle
M5 57 68
Ballymun Donaghmede
Santry
78
69
83
M 50
50
M
65 Kilbarrack
Whitehall 60
82
National
Botanic
Gardens Bull
89 90 St Anne’s
55 62 Park Island
Cabra 73
64 67 Clontarf
Drumcondra 79
Phoenix Park
0
M50
M5
Dublin
zoo
Palmerstown Dublin
88 85 port
71 53
74 61 66
56
87 Dublin
80 Ballyfermot
58 St Stephen’s 62
Green
70 59
Drimnagh
Ballsbridge
86
M5
93
0
76
Rathmines 72
92
Greenhills 84
Milltown
Terenure 75 Booterstown
UCD
M
50
Blackrock
Monkstown
Dundrum
Tallaght Glasth
102 Office
Introduction is located in close proximity to Trinity College, the Grafton Street
The Irish economy performed strongly in 2017 with output rising shopping area and Merrion Square. Barclays and Goshawk, the
at a rate of 5.8% per year compared to an average of 2% across aircraft lessor, are among the companies which have already
the EU.10 Irish GDP growth is forecasted to be 5% in 2017 with 4.2% signed leases for office space at the new development.
forecasted in 2018.11 This positive performance and outlook has
•• Targeted Investment Opportunities (an investment vehicle
resulted in jobs growth which has reduced the unemployment
owned by Oaktree Capital, Bennett Development and NAMA)
rate to 6.1%, down from over 10% in May 2015. Unemployment is
have two prominent developments underway in the Dublin 2
expected to reach 5.4% in 2018.12 13
area at 76 Sir John Rogerson’s Quay, and 5 Hanover Quay. At
Sir John Rogerson’s Quay, TIO is developing a nine storey mixed
Office development in 2017 continued at a fast pace and economic
use block, along with a further two storeys of office space and
indicators suggest strong market appetite exists for the year
café/retail space. The development includes a total of 120,373
ahead. As per Deloitte Crane Survey count, there are 29 major
sq. ft. in office space along with 72 apartments. The 5 Hanover
developments underway that will culminate in c.4,026,431 sq. ft. of
Quay development is a seven storey office building on the
new office space when complete.
waterfront which will comprise of 191,921 sq. ft. of office space.
Nearby at 13-18 City Quay, Irish Life is developing an eight storey
Major developments
office development on the River Liffey which will comprise of
In Dublin City Centre, office development has been the most active
approximately 107,000 sq. ft. with a further 10,000 sq. ft. of
market segment. General sentiment is that the office market will
retail space at the ground level. The property is expected to be
level off in 2018, with this year marking the peak of the current
completed by summer 2018 with Grant Thornton contracted as
development cycle.
the tenants.
•• The Factory Building, Bolands Quay (Dublin 2) is one of the
•• As referenced within the Residential section of this report,
largest office developments in the Dublin City Council area. On
Kennedy Wilson and NAMA’s Capital Dock scheme will bring three
completion, the scheme will encompass 309,592 sq. ft. of office
new office buildings to Dublin 2’s South Docklands. The buildings
space across two blocks, 12 and 13 storeys respectively, along
have a combined total of 343,483 sq. ft. of office space. JP
with 41 residential units.
Morgan have acquired one of the buildings, 200 Capital Dock and
•• Green REIT, the Irish real estate investment company, are recruitment company Indeed will enter into 20-year leases for the
developing One Molesworth Street (Dublin 2), a 137,304 sq. ft. six other two office buildings, 100 and 300 Capital Dock respectively.
storey office block with retail units on ground floor. The building
10. Savills Research Q3 2017
11. The Economic and Social Research Institute (ESRI)
12. CSO
13. ESRI
11•• The Reflector development is underway at 8 Hanover Quay. The 650,000 sq. ft. of office space, restaurants, a gym and a hotel. The
scheme is a mixed use office and residential development in the National Treasury Management Agency have agreed a 25-year
South Docklands and is being developed by Park Developments lease for one of the buildings, No. 1 Dublin Landings.
Group. The project is to include a six storey office element with a
•• In close proximity to each other in Dublin 2, there have been
total of 145,507 sq. ft. of office space and seven storey residential
two significant developments in 2017 by the Clancourt Group.
element comprising of 40 individual units. The development
At 10 Earlsfort Terrace, law firm Arthur Cox signed a long-term
includes car parking, bicycle parking and a roof garden.
lease for the new 132,000 sq. ft. office block that is their new
Completion is expected in the third quarter of 2018.
Dublin headquarters. On the same street, 3 Park Place is under
•• Under construction in North Wall Quay is The Landings mixed construction and due to complete in the first half of 2018. This
use development which will add over 1 million sq. ft. of office, addition to Hatch Street will add a further 170,908 sq. ft. of office
residential and retail space. The project is one of the largest ever space to one of Dublin’s prime business districts.
of its kind in the capital and will include 270 luxury apartments,
122. Office |
Dublin crane survey
•• On Fitzwilliam Street Lower, the ESB is building a new any major relocations due to uncertainty over the true impact
headquarters. The project involves the demolition of the existing of Brexit. Brexit may result in an added layer of activity to the
buildings, the retention and refurbishment of a number of Dublin property market, however, it is clear that a resolution to the
protected Georgian structures and the construction of a new housing supply issue must be found to make Dublin an attractive
seven-storey office block. The new headquarters will include proposition for international companies.
484,375 sq. ft. of office space.
•• Hibernia REIT are developing a seven storey mixed use scheme at
Cardiff Lane (Dublin 2). The development will include 152,126 sq.
ft. of office space along with retail units at ground floor.
•• At 1 Windmill Lane (Dublin 2), Hibernia REIT is developing 14 new 4,026,431 sq.ft.
residential units alongside 122,000 sq. ft. of office space and Total office space
7,000 sq. ft. of retail space. The building is another addition to the under development
bustling Docklands and IFSC area which has seen strong activity
in the past year.
Conclusion
The pipeline for new office space remains strong. Some of Dublin’s
biggest ever office schemes are now under construction, including
Number of major
Capital Docks, Boland’s Mill and the Landings. The office market is
29 developments underway
bolstered by strong fundamentals (strong economic growth, low
unemployment, low interest rates, low inflation) in the underlying
Irish economy and the outlook is positive for 2018.
Since the UK voted to leave the EU in June 2016, there has been
much speculation as to the likelihood of international firms
relocating to Dublin in order to maintain the passporting rights
required to sell services into Europe. A large uptake in office
property was expected, however, this has yet to materialise in
a meaningful manner as companies have delayed announcing
13Dublin P
National
College of
Ireland
35 41
D
The
Gibson
42
39
34
44
51 38
37
Trinity 23 Marker Hotel
College
Dublin
Dublin
Castle 36 46
Ringsend
48 43 33 24
47
Merrion Stella
Square Gardens
St Stephen’s
Green 31
45 Irishtown
Iveagh 6 Aviva
Gardens 30 Stadium
49
26
29
27 Ballsbridge
28 50
40
Sandym
ugha
ks Clayton Hotel
Burlington 25
Road
143 Education and student housing
Introduction
Ireland has the youngest and fastest growing population in Europe. This study has tracked 13 of the major schemes underway in the
Each year, around 56,000 students complete their final school Dublin City Council area which will bring 4,529 beds to the market
exams and progress to third-level education. However, the growth when completed. This development activity is in line with the Irish
in the student population has not been matched by an increased Government’s Rebuilding Ireland initiative which has set a target of
supply of student housing and as a result Dublin lags behind other bringing an additional 7,000 beds on stream by 2019.17
cities in purpose built student accommodation. The existing stock
of student accommodation caters for just over 13% of the 78,791 Major developments – student accommodation
students based in Dublin, compared with 30% in London.14
•• The largest student accommodation development in Dublin is
the Point Campus in Dublin 1. The scheme is being developed by
Underdevelopment has led to a structurally undersupplied market
Michael O’Flynn and fund manager BlackRock Real Estate. The
in Dublin, resulting in many new schemes being launched as
scheme will provide a total of 970 beds across two seven storey
developers aim to take advantage of the high prevailing market
buildings with associated student amenities and facilities. The
rates and excess demand. As of May 2017, the Dublin area had
development is expected to complete in the second quarter of
12,432 beds designated for student accommodation, which is
2018.
insufficient to service the demand of 30,298 beds. Looking forward,
this deficit is estimated to reduce marginally to 17,771 by 2019 and •• To the west of the Point Campus, there is a 374 bed development
to 13,569 beds by 2024.15 at Summerhill in Dublin 1. The project is being developed by
McAleer & Rushe and is well located for students at both DIT
The number of students studying in Dublin is now 43% of Ireland’s Bolton Street and Trinity College. The project is expected to be
total student population with 61,500 full-time students enrolled completed in the second quarter of 2018.
at Dublin’s four biggest third-level institutions (University College
•• At Dorset Point, Hines has developed a student accommodation
Dublin, Trinity College Dublin, Dublin Institute of Technology and
complex that will add 477 beds. Located just north of the river,
Dublin City University).16 To compound the undersupply of student
near the Grangegorman campus, Dorset Point will have a range
accommodation, Dublin’s third level institutions are in a period of
of formats from 2 to 7 bedroom apartments along with amenities
high growth, with DIT’s new campus in Grangegorman, Trinity’s
such as gym, study and cinema rooms.
planned technology campus at Grand Canal Dock and DCU’s
planned €230m expansion all set to increase student numbers in •• On 27-31 Church Street, Mortar Developments is developing a
the city. new 232 bed student accommodation scheme. The project will
14. Knight Frank Dublin Student Housing Report 2017
15. National Student Accommodation Strategy
16. Department of Education and Skills
17. National Student Accommodation Strategy
153. Education and student housing | Dublin crane survey
include 226 single bedrooms and a further 6 twin bedrooms. The
development will also include amenities such as a social space, a
gym and a laundry room.
Taking a closer look at some of the developers, Global Student
Accommodation (“GSA”) is building a 571 bed scheme at Brunswick
Street, also serving the Grangegorman campus. GSA is a global
investor in student accommodation and one of many foreign
investors that have entered the Irish property market in recent
years. Construction at Brunswick Street is expected to complete
in the second quarter of 2018. GSA is also involved in the 491 bed
development at Kavanagh Court on Gardiner Street (Dublin 1).
Kavanagh Court is well placed to serve both Trinity College and DIT
Bolton Street students.
163. Education and student housing | Dublin crane survey
Conclusion
The majority of new student accommodation developments are
focused within the City Centre and despite some being more
Total beds under
conveniently located to serve certain institutions, all are within 4,529 development
manageable commuting distance from any of the Dublin third level
institutions.
Recent activity also shows a changing dynamic in the student
accommodation market. Student accommodation has traditionally
been provided by third-level institutions, with 65% of developments
built by the institutions themselves.18 Current activity demonstrates Number of schemes
the increased appetite among the private sector in the student
13 underway
housing market.
The outlook going forward is positive. After a prolonged shortage,
the market is responding and attempting to bridge supply.
This is a task made difficult by the growing number of students
entering third level education. Ireland has a young and fast
growing population with increasingly high progression rates from 17,866 Excess demand for student
secondary into third level education. Another trend is the rising beds accommodation in 2017 19
influx of international students, particularly from Asian countries
with a rapidly expanding middle class. For the Dublin region, the
combination of catch up on the supply side and increasing demand
suggests that the market will be an active one in 2018.
18. Knight Frank Dublin Student Housing Report 2017
19. National Student Accommodation Strategy
17M50
0
M5
0 Baldoyle
M5
Ballymun Donaghmede
Santry
M 50
50
M
Kilbarrack
Whitehall
National
Botanic
Gardens Bull
St Anne’s Island
Park
Clontarf
Drumcondra
Phoenix Park
0
13
M50
M5
8
11
2
4 Dublin
Palmerstown
7
Dublin 5
port
3 9
12
12
Ballyfermot 1
10 6
St Stephen’s
Green
Drimnagh
Ballsbridge
M5
0
Rathmines
Greenhills
Milltown
Terenure Booterstown
UCD
M
50
Blackrock
Monkstown
Dundrum
Tallaght Glasth
184 Hotel, retail and leisure
Introduction
Ireland’s economic recovery continues to drive demand across Notable developments under construction include:
the hotel, retail and leisure sectors. In 2017, Ireland welcomed
•• The new hotel and aparthotel scheme at 35-37 Charlemont
approximately 10.65 million overseas visitors, generating revenue
Street in Dublin 2. The new development will consist of 172
of c.€5.78 billion.20 With tourism playing a large role in the success
bedrooms with a further 6 aparthotel bedrooms. The five storey
of this sector, market watchers are wary of a fall in UK tourists as
development will be a four star Clayton branded hotel run by
the effects of Brexit and a weaker Sterling take hold. The UK is
Dalata when completed in October 2018.
Ireland’s largest tourist market. This issue is likely to be somewhat
offset by the strong US economy and dollar boosting tourism from •• On Kevin Street (Dublin 8), Dalata is developing a 150 bedroom
America. hotel. The development began in January 2017 and is expected
to complete in May 2018. The project involved the demolition
Hotel of the existing factory/warehouse that previously occupied the
The Dublin hotel market had a strong year in 2017 with occupancy space. The hotel, operated under the Maldron name, is due to be
levels at c.84% for the year and average room rates of €177. The operational from mid-2018.
market dynamics in the Capital have increased the attractiveness
•• In Ranelagh, Press Up Entertainment Group is developing a
of the market and led to an increase in planning permissions
boutique hotel that will consist of 41 bedrooms, a rooftop
being sought and new hotels being developed. Furthermore, the
restaurant and a 50 seat arthouse cinema in the basement. The
Government’s decision to keep the VAT rate at 9% for hotel related
three storey hotel will also include a large open plan bar in the
trade has boosted the sector. A continuing challenge to the hotel
ground floor and conference facilities.
and tourism market is the shortage of room availability in Dublin
hotels. •• At 1 Mill Street in Dublin 8, a 202 bedroom hotel is being
developed. The seven storey hotel includes two restaurants and
Over the past 12 months, Dublin saw development activity that will a gym on the ground floor which form separate tenancies. The
add 929 rooms across the city, this included developments at the property will be run by US hotel group Marriot International and
Iveagh Garden Hotel (152 bedrooms), the Dylan Hotel (28 bedroom operated under their Aloft brand.
extension) and Trinity City Hotel (77 bedroom extension).
20. Fáilte Ireland
19•• On Harcourt Street (Dublin 2), an area popular for nightlife, the •• At the junction of Lennox Street and South Richmond Street
Iveagh Garden Hotel, a new four star hotel is set to be complete (Dublin 8), Glebrier Construction is developing a four storey
in early 2018. The McGill Family are developing the property mixed use building. The project will include a gym in the
which will be the sixth hotel on the street and include 152 basement, a retail unit on the ground floor and office space in the
bedrooms. upper floors. The development will include a total of 45,768 sq. ft.
of retail/leisure space and a further 21,506 sq. ft. of office space.
Other hotels which are at various stages of planning include a 95
•• On the Swords Road in Santry (Dublin 9), J Manning & Son is
bedroom hotel planned at the former Loreto Hall in St Stephens
developing retail units at the Omni Park Shopping Centre. The
Green, Dublin 2, and a 78 bedroom, six storey hotel planned for
new units have total area of 39,396 sq. ft.
Donnybrook, Dublin 4, being developed by Emmet O’Neill’s Kouchin
Holdings.
Conclusion
Given the ongoing demand, it appears that the hotel sector
Retail and leisure
will continue to increase capacity in the medium term. Strong
Despite the growth of online shopping, Irish bricks-and-mortar
occupancy levels coupled with increasing average room rates
retail has continued to perform well in 2017. On the demand side,
should ensure the economics of these new hotels stand. Within
Ireland’s underlying macroeconomics have been supportive of a
the Dublin City Council area under consideration, retail and leisure
robust retail sector. Unemployment is low at 6.1% with forecasts for
development is likely to continue with brownfield redevelopments/
it to continue to fall towards 5.4% in 2018. Improving employment
refurbishments rather than totally new build facilities.
dynamics and an increase in discretionary income have resulted
in increased consumer spending. The prevailing low interest rate
environment dissuades saving while at the same time more and
more credit options become available to the consumer, from
financing packages on cars and holidays to the broad range Hotel developments
of credit card products that exist in the marketplace. Recent 9 underway
headlines in the sector include the potential creation of a new
REIT focusing solely on retail property. Sigma Retail Partners are
identified as being the likely promoters.
Notable developments in the retail and leisure space include:
•• Refurbishments at 78-79 Grafton Street, Bewleys Café. The iconic 929 Hotel rooms under development
venue reopened for business in November, having been closed
since February 2015.
•• Nearby at 28-29 Grafton Street, the IPUT owned building has
undergone a major refurbishment and signed a long term lease
with Victoria’s Secret. 20M50
0
M5
0 Baldoyle
M5
Ballymun Donaghmede
Santry
M 50
50
M
Kilbarrack
Whitehall
National
Botanic
Gardens Bull
St Anne’s Island
Park
Clontarf
Drumcondra
Phoenix Park
0
M50
M5
Dublin
Palmerstown Dublin port
18
14
21
93
Ballyfermot 94
19
17 16
St Stephen’s
Green 15
91 22
Drimnagh
Ballsbridge
Dublin 20
M5
0
Rathmines
Greenhills
Milltown
Terenure Booterstown
UCD
M
50
Blackrock
Monkstown
Dundrum
Tallaght Glasth
2122
5 Development table
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
1 10 Mill Street, Newmarket, The Creedon Group Education & Student 406 Construction of a mixed use
Dublin 8 Accommodation student accommodation facility. To
contain 406 Bedspaces.
2 Gardiner Street, Summerhill, Global Student Education & Student 491 Construction of a seven story
Dublin 1 Accommodation Accommodation student accommodation facility. To
contain 491 bedspaces.
3 212/213 Pearse Street, Trinity College Education & Student 250 Construction of a mixed use
Dublin 2 Dublin Accommodation student accommodation facility. To
contain 250 Bedspaces.
4 Brunswick Street, Dublin 7 Global Student Education & Student 571 Construction of a mixed use
Accommodation Accommodation student accommodation facility. To
contain 571 bedspaces.
5 Point Campus, Dublin 1 O’Flynn Construction Education & Student 970 Construction of a seven story
Accommodation student accommodation facility.
Total development is 970 bed
spaces
6 Protestant row / 14/15 Safestore (Ireland) Education & Student 49 Construction of student
Wexford Street, Dublin 2 Ltd Accommodation accommodation facility. To contain
49 bedspaces.
7 27-31 Church Street, Dublin, Mortar Education & Student 232 Construction of a mixed use
Dublin 7 Developments Accommodation student accommodation facility. To
contain 232 bedspaces.
8 123-128 Summerhill, McAleer and Rushe Education & Student 374 Construction of student
Mountjoy, Dublin 1 Accommodation accommodation facility. To contain
374 bedspaces.
9 183-188 Pearse Street, John Delaney Education & Student 24 Construction of student
Dublin 2 Accommodation accommodation facility. To contain
24 Units.
10 Junction of Mill Street and BAM Building Ltd Education & Student 303 Construction of a 7 story student
Blackpitts, Dublin 8 Accommodation accommodation facility. To contain
303 Bedspaces.
235. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
11 Grangegorman Road Lower, Iveragh Group Education & Student 132 Construction of student
Grangegorman, Dublin 7 Accommodation accommodation facility. To contain
132 bedspaces.
12 30 & 32-36 Thomas Street Hattington Capital Education & Student 250 Construction of student
and 10 Hanbury Lane, Accommodation accommodation facility on a site
Dublin 8 at Thomas Street and 10 Hanbury
Lane, Dublin 8. The development
consists of 2 new & 5 renovated
buildings.
13 107 Dorset Street Upper, Targeted Investment Education & Student 477 Development of 477 bed student
Inns Quay, Dublin 1 Opportunities Ltd. Accommodation accommodation.
14 Trinity City Hotel, Pearse John Paul Hotel 77 The works comprise of a 45 bed
Street, Dublin 2 Construction Limited new build and a 32 bed roof top
extension.
15 Dylan Hotel, Eastmoreland - Hotel 28 Extension adding 28 new beds to
Lane, Dublin 4 the Dylan Hotel.
16 72-74 Harcourt Street, McGill Family Hotel 152 Development of a 4-star hotel that
Dublin 2 will comprise of 152 bedrooms and
include a bar and bistro among the
amenities.
17 1 Mill Street, Junction of BAM Ireland Hotel 202 Construction of a new 202
Mill Street and Blackpitts, bedroom hotel consisting of 7
Dublin 8 floors over ground. At Ground level
there are two restaurants and gym
which form separate tenancies.
18 81 & 82 North Wall Quay, Oakmount Hotel 58 Retention of existing protected
Dublin 1, Dublin 1 structure facade with construction
of new 5 story over double
basement hotel with associated
conference facilities, cafe, bar and
restaurant. To provide 58 Rooms.
245. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
19 Kevin Street, Dublin 8, J.J. Rhatigan and Hotel 150 Construction of a 150 bedroom
Company hotel consisting of six storey over
basement level building.
20 117-119 Ranelagh, Ranelagh, Oakmount Hotel 41 The construction of a new three
Dublin 6 storey over basement building
with a setback, penthouse top
floor. Total of 41 guest bedrooms
on the first and second floor levels
and a roof-top Restaurant at the
penthouse level.
21 Pearse Street, Dublin 2 John Paul Hotel 43 Construction of seven storey
Construction Limited extension to Trinity City Hotel to
rear from second to sixth floor level
comprising 43 bedrooms.
22 35/37 Charlemont St, Dublin Dalata Hotel 178 Construction of new hotel &
2 aparthotel scheme consisting of
172 bedrooms and 6 aparthotel
bedrooms.
23 5 Hanover Quay, Dublin 2 TIO (an investment Office 237,990 Construction of a new office
vehicle owned building of 7 storeys, including 2
by Oaktree office/enterprise units at ground
Capital, Bennett floor.
Development and
NAMA)
24 The Factory Building, NAMA Office 395,671 Bolands Quay mixed use
Bolands Quay, Barrow St, development comprising 8 no.
Dublin 2 and Bolands Mill, buildings known as Buildings A,
Ringsend Road/Barrow B, C & D, 1, 2 & 3 and The Factory
Street, Grand Canal Dock, comprising office, residential, retail
Dublin 4 and assembly use.
25 10 Pembroke Place , Pembroke Place Office 23,680 Construction of new 4 storey over
Ballsbridge, Dublin 4 Developments basement office and new 4 storey
over basement aparthotel.
255. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
26 3 Park Place, Dublin 2 Clancourt Group Office 170,908 Under construction and due to
complete in the first half of 2018.
This new addition to Hatch Street
will add a further 170,908 sq. ft. of
office space.
27 Vertium, 1 Burlington Road, Ronan Group Office 172,724 Five storey office building, over
Dublin 4 two levels of basement, with office
accommodation at upper basement
level, parking and ancillary facilities
at lower basement level. The total
net internal office area is 16,000 sq
m (172,724 sq. ft.) together with 95
car spaces.
28 21 Charlemont, Dublin 2, Rohan Holdings Office 36,813 Development of a 6 storey over
Ireland basement office building.
29 The Sharp Building, Hogan McGarrell Reilly Office 44,745 44,745 sq m of modern Grade A
Place, Dublin 2 Group office space set over seven floors.
30 5 Earlsfort Terrace, Dublin 2 IPUT Office 65,000 Redevelopment of building into
modern office accommodation with
car parking at basement level.
31 Fitzwilliam Street Lower, ESB Office 484,375 The project involves the demolition
Dublin 2 of the existing buildings, the
retention and refurbishment of
a number of protected Georgian
structures and the construction of
a new seven-storey office block.
32 Elm Park Development, Starwood Capital Office 182,500 The Seamark Building.
Dublin 4
33 Waterways House, Grand Esprit Investments Office 38,600 Development of seven storey office
Canal Quay, Dublin 2 Limited building fronting onto Grand Canal
Dock.
265. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
34 30-32 Sir John Rogerson’s IPUT Office 28,276 IPUT are undertaking a high quality
Quay refurbishment of the unique
warehouse building to the front,
with the potential to develop a
modern office building on the site
to the rear.
35 Dublin Exchange Facility, IPUT Office 136,895 The construction of a new six
Mayor Street Lower, IFSC, storey office building with a cafe/
Dublin 1 retail unit at ground level.
36 13-17 Dawson Street, Dublin Bam Building Office 137,304 Construction of a six storey office
2 building over three below ground
levels.
37 Cardiff Lane, Dublin 2, Hibernia Reit Office 152,126 Construction of a mixed use
Dublin 2 development in a building
extending to 7-storeys (over
lower ground & basement level),
including retail/ non-retail services
at ground floor, and commercial
office development throughout
the remainder of the proposed
building.
38 76 Sir John Rogerson’s Quay, TIO (an investment Office 120,373 Construction of an office building
Grand Canal Dock, Dublin 2 vehicle owned comprising of 9 floors of office
by Oaktree space with top floor set back facing
Capital, Bennett Sir John Rogerson’s Quay along with
Development and 2 floors of office space located off
NAMA) Britain Quay and a cafe / retail unit.
39 1-6 Sir John Rogersons Quay, Hibernia Reit Office 110000 Mixed use office/commercial
Dublin development with all associated
site works.
40 55 Charlemont Place , Dublin Oakmount Office 70,999 Six storey office development.
2
275. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
41 New Wapping Street, Ballymore Office 114,087 The development will consist
Mayor Street Upper and of construction of a new
Castleforbes Road, North office building, along with the
Wall Quay, Dublin 1 construction of a two level
basement area below ground level.
42 13-18 City Quay, Dublin 2 Irish Life Office 118,000 The proposed development
comprises a new eight storey office
building with own door commercial
units at ground floor located over a
single storey basement car park.
43 10-11 Molesworth Street, IPUT Office 137,057 The development consists of a
Dublin 2 six storey office building (Ground
+ 5 upper levels) over three
levels of basement (Basement-2,
Basement-1 and Lower Ground
Floor).
44 Capital Dock, Sir John Kennedy Wilson Office 343,483 The construction of a mixed-use
Rogersons Quay, Dublin 2 development, including 7 blocks
(Blocks A - G) ranging in height
from 3 to 19 storeys delivering 204
apartments, together with retail
units (Blocks E, F); cultural use
(Block E, F), residential amenity
services (Block E, F), a crèche
(Block D) and restaurants (Block D,
F, G). Two levels of basement will
accommodate 391 no. car parking
spaces and 650 no. bicycle parking
spaces.
45 4-5 Harcourt Road, Dublin 2 JSL Group Ltd Office 75,993 Construction of a part seven part
eight storey office building over one
level of basement.
46 Grand Canal Quay, Dublin 2 Paul Hackett Office 37,771 Construction of a 7 Storey Over
Basement Office Building
285. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
47 10-12 Hogan place, Dublin 2 Raymond Reilly Office 64,357 Construction of new 6 storey over
basement office building, with 1
commercial unit at ground level.
48 One Molesworth Street, Green Reit Office 137,304 137,304 sq. ft. six storey office block
Dublin 2 with retail units on ground floor.
49 10 Earlsfort Terrace, Dublin 2 Clancourt Group Office 132,000 132,000 sq. ft. office block
completed in the 2017.
50 No.1 Ballsbridge, Shelbourne The Comer Group Office 135,400 135,400 sq ft of premium grade-A
Road, Dublin 4 office space and will achieve LEED
Gold accreditation.
51 1 Windmill Lane, Dublin 2 Hibernia Reit Office 122,000 Development totals 122,000 sq. ft.
of offices, 7,000 sq. ft. of retail and
14 residential units
52 Lansdowne Place, Dublin 4 Chartered Land/Abu Residential 215 215 luxury apartments across five
Dhabi Investment pavilion-style seven- and eight-
Authority storey blocks.
53 Capital Dock, Sir John Kennedy Wilson Residential 204 The construction of a mixed-use
Rogersons Quay, Dublin 2 development, including 7 blocks
(Blocks A - G) ranging in height
from 3 to 19 storeys delivering 204
apartments, together with retail
units (Blocks E, F); cultural use
(Block E, F), residential amenity
services (Block E, F), a crèche
(Block D) and restaurants (Block D,
F, G). Two levels of basement will
accommodate 391 no. car parking
spaces and 650 no. bicycle parking
spaces.
54 Beltree, Clongriffin, Dublin Gannon Homes Residential 171 The construction of 171 no. houses
13 Limited in a number of phases.
295. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
55 Royal Canal Park , Ballymore RCP Residential 156 The development will consist
Pelletstown , Dublin 15 Developments of 156 residential units and 3
Limited retail units. To be completed in a
number of phases, along with the
development of an Aldi retail Unit
(Shell & Core Only).
56 5 Hanover Quay, Grand Cairn Homes Residential 122 Seven storey mixed use
Canal Dock, Dublin 2 development over a basement car
park. Residential accommodation
is proposed from first to seventh
floors, consisting of 122 units, with
retail units provided at ground
level.
57 Poppintree, Ballymun, Dwyer Nolan Residential 106 Development of a 106 unit scheme.
Dublin 11 Developments Ltd The development consists of 60
duplex units, 46 houses and the
associate roads, drainage and
landscaping.
58 Dolphins Barn, Dublin 8 Purcell Construction Residential 100 The refurbishment of 72 apartment
Ltd units located in three four storey
blocks resulting in 63 refurbished
and upgraded apartments. The
construction of of 28 apartments
and the construction of 9 houses.
59 No.1 Ballsbridge, Shelbourne The Comer Group Residential 88 88 luxury apartments.
Road, Dublin 4
60 Main Street, Clongriffin, GEM Construction Residential 84 The construction of 84 residential
Dublin 13 Company Limited units and 2 commercial Units.
61 76 Sir John Rogerson’s Quay, TIO (an investment Residential 72 Construction of a Residential
Grand Canal Dock, Dublin 2 vehicle owned apartment block comprising of 72
by Oaktree apartments.
Capital, Bennett
Development and
NAMA)
305. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
62 St. Joseph’s Centre, CTN Developments Residential 62 Phase 1 of development, consisting
Gracepark Road, Dublin 9 of 42 housing units and Phase 2
of development, consisting of 20
houses. Commencing as part of a
137 unit development.
63 Parkside Boulevard, Cairn Homes Residential 48 Development comprises of 2
Balgriffin, Dublin 17 residential blocks providing a total
of 48 units.
64 Broome Lodge, Fassaugh Glasgiven Contracts Residential 43 Construction of a three storey
Road, Cabra, Dublin 7 Ltd building containing 43 apartments
for use as sheltered housing.
65 Saint Helena’s Drive, Finglas, ABM Construction / Residential 40 Development of 40 Rapid Build
Dublin 11 ABM Design & Build units.
Ltd.
66 8 Hanover Quay, Dublin 2 Park Developments Residential 40 The construction of a mixed use
development comprising of a
6 storey over basement office
building and a 7 storey over
basement residential element
accommodating 40 residential
units.
67 144 Richmond Road, J.J. Rhatigan and Residential 39 Construction of a 4-storey over
Drumcondra, Dublin 3 Company basement mixed-use development
consisting of 39 apartments and 2
commercial units.
68 Belcamp Avenue, Darndale , PJ Carey(Contractors) Residential 38 Development of 38 social housing
Dublin 17 Ltd. units.
69 Ballymun Road, Ballymun, Blacklough Residential 31 Construction of 31 Apartments
Dublin 9 construction Ltd in a single 4 storey block, over an
already completed basement and
11 Town houses in 3 blocks.
315. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
70 Mourne Road, Drimnagh, ABM Construction / Residential 29 Development of 29 Rapid build
Dublin 12 ABM Design & Build modular social housing units.
Ltd.
71 Clancy Quay, Islandbridge, Kennedy Wilson Residential 163 Phase 2 of Clancy Quay
Dublin 8 development will add 163 new
units.
72 Elm Park Development, Starwood Capital Residential 340 The development includes two
Dublin 4 blocks of multifamily housing
totalling 332 units and a terrace of
eight houses.
73 Grace Park Wood, Castlethorn Residential 123 Development of 123 housing units
Drumcondra, Dublin 9 Construction overphases.
74 1 Windmill Lane, Dublin 2 Hibernia Reit Residential 14 Development totals 122,000 sq. ft.
of offices, 7,000 sq. ft. of retail and
14 residential units
75 75 Orwell Road, Rathgar, Cairn Homes Residential 275 Construction of four residential
Dublin 6 apartment blocks and 12 semi-
detached houses.
76 Mount Argus, Kimmage Marlet Property Residential 180 Construction of a residential
Road, Harolds Cross, Dublin Group development of 180 units.
6w
77 Hampton Wood Drive, Dwyer Nolan Residential 106 Construction of 106 residential
Poppintree, Dublin 11 Developments Ltd units.
78 13 Malahide Road, Balgriffin, Cairn Homes Residential 93 Development of 3 apartment
Dublin 17 blocks providing a total of 93 units.
79 Ardilaun Court, Sybil Hill MKN Developments Residential 76 The construction of 76 no.
Road, Raheny, Dublin 5 Ltd residential units.
80 Orchard Lawns, Cherry MDY Construction Residential 72 Construction of 72 residential]
Orchard, Dublin 10 units.
325. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
81 Belmayne, Balgriffin, Dublin Cairn Homes Residential 71 Construction of 71 residential units.
17 The development comprises of 56
terraced, 10 semi-detached and
5 detached units and a mix of 28
three bed units and 43 four bed
units. The proposed development
includes 159 car parking spaces.
82 Rathborne, Ashtown, Dublin Castlethorn Residential 60 Phase 1 of development at
15 Construction Rathborne Park, consisting of 60
housing units, commencing as part
of 208 dwellings, a creche and two
5-a-side playing pitches.
83 Tonlegee road, Raheny, DHD Construction Residential 47 Construction of a 3 storey 47 unit
Dublin 4 Ltd apartment block for the elderly.
84 Terenure Road West, Dublin Kimpton Vale Ltd Residential 46 Construction of 46 residential units
over a number of phases. Total
development consists of 51 Units.
85 North Wall Quay, Dublin, Michael McCarthy Residential 38 Construction of an 11 storey
Dublin 1 tower fronting onto North Wall
Quay containing 38 residential
apartments.
86 Raleigh Square, Crumlin, Glenman Residential 33 Construction of 33 apartments for
Dublin 12 Corporation social housing.
87 5-6 Johns Lane West, Dublin Duggan Brothers Residential 33 Apartment development consisting
8 (Contractors) Ltd of 33 apartments.
88 Arbour Hill, Dublin, Dublin 7 Richmond Homes/ Residential 25 Construction of 25 houses.
Avestus
89 288 Bannow Road, Cabra, Paddy O Leary Residential 24 Development of 24 residential
Dublin 7 units.
335. Development table |
Dublin crane survey
No. Name/Address Developer/ Main use Total size Comments
Contractor (sq.ft./units)
90 Hampton, Grace Park Road, Verdi Developments Residential 21 The construction of 21 units.
Drumcondra, Dublin 9 Limited Overall Project consists of 101
residential units.
91 Cedarview, Northwood, Cosgraves Residential 40 Development of 40 three-, four-
Dublin 9 and five- bed houses.
92 Wilkin's Court, Walkinstown, Jackie Green Residential 30 Construction of about 30 three-
Dublin 12 Construction and four- bed homes.
93 St Pancras, Mount Tallant Archtree Residential 36 Development of four bed houses ,
Ave., Dublin 6W two- and three- bed apartments.
94 North Corner at junction of Glenbrier Retail and Lesiure 67,274 Development of a four storey over
Lennox Street and South Construction basement mixed use building
Richmond Street , Dublin 8 providing the gym, retail and office
space.
95 Swords Road, Santry , Dublin MKN Developments Retail and Lesiure 39,396 Construction of retail Unit 4/5 and
9 Ltd Unit 6 (Shell and Core only) in Onmi
Park Shopping Centre.
96 28-29 Grafton Street, Dublin IPUT Retail and Lesiure 26,909 Major refurbishment into a flagship
2 store for Victoria Secret.
97 78- 79 Grafton Street, Dublin Ronan Group Retail and Lesiure Major refurbishment to Bewleys
2 Café.
346. Contacts
Michael Flynn Padraic Whelan
Real Estate & Infrastructure National Leader Partner, Real Estate Tax
T: +353 1 417 2515 T: +353 1 417 2848
E: micflynn@deloitte.ie E: pwhelan@deloitte.ie
David Carson Vincent Sorohan
Partner, Financial Advisory Real Estate Director, Financial Advisory Real Estate
T: +353 1 417 2513 T: +353 1 4178849
E: dcarson@deloitte.ie E: vsorohan@deloitte.ie
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