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Savills said take-up in the London office market rose 2% last year

Savills expects return-to-office real estate boost

Global real estate company Savills said that efforts to get employees back into offices would boost transaction volumes in 2025, after annual profit only just topped expectations.

Business • 14 Mar

London's Canary Wharf is seen as a test case for re-imagining struggling business districts

Canary Wharf sets sights on hotels to fill empty offices

London's Canary Wharf financial district wants to convert swathes of empty office space into other uses including hotels, two executives at the landlord told Reuters, as it responds to faltering demand for its sprawl of office towers.

Business • 02 Oct 24

BNPPRE estimates that the vacancy rate reached 13.1%

Over supply of Dublin offices could continue until 2027

The over supply of office space in Dublin could continue until the end of 2026 or start of 2027, new research suggests.

Business • 09 Feb 24

Dublin office vacancy rate at 14.3% - Knight Frank

Leading commercial real estate agent, Knight Frank, has estimated that the office vacancy rate in Dublin stands at 14.3%.

Business • 23 Oct 23

A lot of new office space is coming to market this year

Tech slump causes big drop in Dublin office lease rates

Significant adoption of remote working coupled with the downturn in the tech sector have created a drag on the office leasing sector in Dublin during the first half of the yea

Business • 24 Jul 23

The tech slowdown is adding to the level of empty offices in Dublin

Dublin office vacancies to hit 15% this year - BNPRE

Over 12% of offices in Dublin were empty during the last three months of last year, as the tech slowdown, remote working and a glut of fresh completions weighed on the market.

Business • 01 Feb 23

The fourth floor of Twitter's Dublin office will be sub-leased to another tenant

Twitter to 're-size' its Dublin office

Twitter is to re-size its Dublin office, which houses the company's European Headquarters.

Business • 27 Jul 22

WeWork said occupancy in its offices was at 59% as of September 30, up 9% from a year ago

WeWork posts smaller loss on uptick in office demand

Office-sharing firm WeWork has today reported a smaller loss in its first quarterly result since going public last month, as a rebound in demand for office space due to easing Covid-19 related restrictions helped boost occupancy.

Business • 15 Nov 21

Just over a fifth - 22% - of employees are expected to work full-time remotely with 44% working between the home and the office

34% will return to office full time post-pandemic

Just over a third of workers here will be returning to the office on a full time basis once Covid restrictions are fully lifted, a new survey shows.

Business • 02 Mar 21

Hibernia REIT said its Cumberland Place development will be finished in weeks once the construction industry opens up again

Hibernia REIT continues to see strong rent collection

Commercial property company Hibernia REIT said today that activity in the Dublin office market remains subdued, as it has been since the start of the Covid-19 pandemic.

Business • 11 Feb 21

The IoD's survey shows that 40% of business leaders predict an equal mix of staff working in the office and remotely, post Covid-19 restrictions

Just 12% of bosses predict full offices post Covid-19

A new survey has found that just 12% of business leaders believe all staff will be back in their companies' office/workspace once the Covid-19 lockdown is lifted, while 40% predict an equal mix of staff working in the office and remotely.

Business • 18 Jun 20

Some firms are considering remodelling their offices to minimise the risk of a second wave of infections

Companies rethink office life post lockdown

Company bosses preparing to reopen offices closed due to the coronavirus pandemic are contemplating radical changes to the workplace to keep staff safe.

Business • 08 May 20

Hibernia REIT's chief executive Kevin Nowlan said the company has an 'extensive development pipeline'

Hibernia REIT upbeat on Dublin office market

Hibernia REIT has made two acquisitions in recent months as it bought assets next to properties it already owns.

Business • 11 Feb 20

CBRE said the new decade promises to offer challenges and opportunities in equal measure for the real estate sector

Challenges and opportunities for real estate in 2020

The Irish commercial real estate sector enjoyed a strong performance in 2019 and CBRE said it is confident of continued momentum in 2020.

Business • 14 Jan 20

The value of Green REIT's portfolio rose by 4.1% in the six months to the end of December

Value of Green REIT's portfolio up by 4%

Commercial real estate investment trust Green REIT has reported profits of €45.6m for the six months to the end of December, down 14% from the €53m reported the same time last year.

Business • 26 Feb 19

Deloitte's Dublin Crane Survey captures the development of new schemes and the significant amount of refurbishment in office, residential and hotel building

Dublin Crane Survey shows strong development sentiment

Construction activity in the Dublin City Council area continued to increase across the residential, office and hotel sectors during 2018 as development sentiment remains strong, a new survey shows today.

Business • 06 Feb 19

Savills has also predicted that 2018 will be a record-breaking year for office take-up in Dublin

Tech firms dominate Dublin office space take-up

A new report shows that tech firms were the biggest takers of office space in the third quarter, accounting for just over 20,000 square metres or 44% of space.

Business • 10 Dec 18

Leni Zneimer, ‎General Manager of WeWork's UK and Ireland operations, and Richard Bruton, Minister for Education and Skills, at today's launch.

WeWork's first Dublin location already at full capacity

Office-sharing company WeWork today officially opened up its first location in Dublin at Iveagh Court in the city centre.

Business • 13 Jun 18

Dublin is settling into a new phase as a 'normalised, mature and safe market to invest in after years as an opportunistic investing story'

Dublin ranked 7th for real estate investment - PwC

A new survey ranks Dublin in seventh position out of 31 European cities for real estate investment.

Business • 10 Nov 17

Businesses can get a dedicated desk for €375 a month in the city centre building or a hotdesk for €200 a month

Dublin BIC launches new start-up hub

Dublin Business Innovation Centre (Dublin BIC) has today opened its new start-up hub and co-working facility, Space@DublinBIC, in the city centre.

Business • 15 Jun 17

Land Securities is the developer behind London's "Walkie Talkie" skyscraper

Land Securities warns Brexit uncertainty hitting market

Britain's largest listed property developer Land Securities warned that Brexit had created business uncertainty in the London office market.

Business • 18 May 17

During the year, Green REIT buought full control of its Central Park development

Green REIT's results reflect strong Irish economy

Green REIT said it generated a total return of 17.7% on its portfolio, which primarily consists of high grade offices in Dublin.

Business • 12 Sep 16

Green REIT's Central Park development in Co Dublin

Green REIT upbeat on 2016 outlook

Green REIT has reported a profit of €67.1m for the six months to the end of December, down from the figure of €74.3m the same time the previous year.

Business • 22 Feb 16

Work on Hibernia REIT's One Dockland Central is on schedule

Hibernia REIT seeing continued strong demand

Property investment company Hibernia REIT has said it is seeing cContinued strong tenant demand in Dublin and significant interest in its marketed near term supply

Business • 10 Feb 16

Hibernia REIT recently secured a pre-let deal with HubSpot for the soon to be finished One Dockland Central

Hibernia REIT's half yearly pre-tax profits jump

Property company Hibernia REIT has announced a pre-tax profit of €73.7m for the six months to the end of September.

Business • 12 Nov 15

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