A round-up of today's other property news in brief ....
ING Wholesale Banking move
A recent report in this section suggested that ING Direct is relocating from its offices in Dublin city centre to Dundrum Town Centre. This is not correct. The company involved is ING Wholesale Banking.
Town planners merge
TOWN planners Fergal MacCabe and Terry Durney, trading as MacCabe Durney, is to merge with Barnes Consulting. The new practice will be known as MacCabe Durney Barnes and will specialise in urban design, planning and economic development.
Global firm to buy large block
A GLOBAL company already based in Dublin is planning to avail of the fall in commercial property values by purchasing a substantial office block in the city. Peter Stapleton, managing director of Lisney, has circulated office agents and developers looking for 20,000sq m (215,280sq ft) of offices to buy, preferably in the city centre along a transport node.
The agency has not identified the company involved but a building of that size could be expected to accommodate around 1,750 workers. The firm will consider an existing building or one that has not yet been completed. Mr Stapleton said he has already had a number of calls about the enquiry but, from experience, he knew that people would think for a while before responding. “In this market I believe the opportunities will get better over the next 12 months.”
Cocoon pays 1m for creche
COCOON Childcare has paid over €1 million for a crèche of 439 sq m (4,725sq ft) at Belfry in City West, Dublin. The company now has 20 similar facilities. Though there has been a significant increase in the number of crèches in the Dublin suburbs in recent years, agents are reporting a fall-off in sales over the past year. Louise Donnelly of DTZ Sherry FitzGeald, who acted for the landlord in the Belfry scheme, said the sale was a significant one in a declining market.
More Tesco Express stores
TESCO is continuing to roll out its Express format stores around Ireland following the success of new outlets at Dolphins Barn and Ringsend in Dublin and Headford Road in Galway. DTZ Sherry FitzGerald is handling enquiries about future stores around the country.
