News | Latest Breaking News Stories & Headlines

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

The data from Workthere, Savills flexible office specialist, reveals that Dublin 2's appeal was broad-based, attracting a range of sectors.

Dublin 2 dominated serviced office take-up last year

Over 70% of Dublin's serviced office transactions were concentrated in the Dublin 2 area last year, new data shows.

Business • 28 Jan

Interest also rose in states that voted for Donald Trump

Searches for Irish property from US spike after election

Searches for Irish based property that originated in the US spiked markedly in the days following the election of Donald Trump as President.

Business • 18 Nov 24

The five-star Shelbourne Hotel in Dublin was the most valuable single hotel sold so far this year, with a price tag of €260 million.

Selling luxury: Sales of Ireland's high-end hotels boom

Hotel sales in Ireland are booming, with deals this year expected to top the €1 billion mark for the first time in almost a decade.

Business • 17 Nov 24

In its Budget submission today, Savills said the Help to Buy should be extended until December 2028

Savills calls for extension of Help to Buy Scheme

Property advisor Savills Ireland has called for an extension of the Help to Buy scheme, the easing of rental caps and a cut in the rate of commercial stamp duty in its Budget 2025 submission.

Business • 26 Jun 24

Independent House in Middle Abbey Street in Dublin city centre (Pic: Savills)

Summix Capital buys Independent House in Dublin 1

British developer Summix Capital has bought Independent House in Dublin city centre from Primark/Penneys and plans to develop the building into a 280 bed student housing scheme.

Business • 15 May 24

Savills said it acted in six of the top ten land deals during 2023

€515m worth of land transacted last year - Savills

Property advisor Savills Ireland said the country's development land market in 2023 saw a reduction in activity as €515m worth of land was transacted.

Business • 25 Jan 24

Operating profits for 2022 up 26% at Savills

Operating profits at Savills main Irish unit last year increased by 26% to €6.89m as the property firm benefited from a post pandemic bounce.

Business • 19 Dec 23

The Imperial Hotel Cork was one of the biggest hotel sales during the year

Hotel industry sees cautious optimism for 2024: Savills

Despite challenges including the aftermath of Covid-19, the Ukrainian conflict and inflationary pressures, the Irish hotel industry sector has seen a robust recovery, the latest review from Savills Ireland shows.

Business • 05 Dec 23

Thursday is now the day of the week when office use is highest, overtaking Wednesday, today's report shows

55% of office workers spend 2-3 days a week 'on site'

New research has found that 55% of office workers in companies in Dublin now spend two to three days on site each week.

Business • 19 Oct 23

Kim Hogan, the Workthere Lead for Ireland

Flexible office sector seeing rapid expansion - Workthe

Workthere, the serviced office brokerage and a subsidiary of property advisor Savills, has reported "impressive" growth in the flexible office sector here.

Business • 29 Mar 23

Savills said the largest letting of the fourth quarter of 2022 was SMBC's deal for the entire Fitzwilliam 28 offices

Dublin office take-up increases by almost 50% on 2021

New figures from property advisor Savills Ireland show that Dublin office take-up is almost 50% higher this year compared to last year.

Business • 22 Dec 22

The bumper year for the company allowed the firm to pay out a dividend of €14.5m

Profits soar at Savills

The booming commercial property market in Dublin last year contributed to operating profits at Savills Commercial Ireland increasing more than nine fold to €5.44m.

Business • 16 Dec 22

Dublin city centre remains the location of choice for occupiers

Dublin office space take-up doubled in third quarter

Take-up of office space in Dublin between July and September was 78% higher than the average during the same period over the last decade.

Business • 10 Oct 22

Savills contend that the overall emphasis of the National Planning Framework is on capping, rather than boosting housing supply

Housing targets in National Planning Framework 'flawed'

The residential housing targets set out in the National Planning Framework will exacerbate the housing crisis, according to a Residential Land Supply Study 2022 by Savills Ireland.

Business • 04 Oct 22

Dublin Central Logistics Park for sale for €34m

Dublin Central Logistics Park has been put up for sale on the market by Savills and Cushman & Wakefield at a price of €34m.

Business • 24 Aug 22

Savills Ireland said that after a strong first quarter, 438,000 square feet of industrial and logistics space were transacted in the second quarter of 2022

Dublin's industrial market take up at 1.3m sq ft in H1

New figures releasd today show that the take-up of space in Dublin's industrial and logistics market in the first-half of 2022 totalled 1.3 million square feet.

Business • 04 Jul 22

Take-up of office space in the first three months of the year was still 24% below the ten-year average for the January to March period

Pick-up in activity in office sector - Savills

The gradual return to the office in the aftermath of the lifting of pandemic restrictions is reflected in the enhanced level of activity in the sector, an analysis by property consultants Savills concludes.

Business • 04 Apr 22

Two major Dublin office developments put up for sale

Dublin's St Stephen's Green House is on the market for more than €50m.

Business • 30 Mar 22

The entire landmark property on St Stephen's Green is for sale for €17.5m

6-7 St Stephen's Green on the market for €17.5m

Savills Ireland and BNP Paribas Real Estate have placed 6-7 St Stephen's Green in Dublin city centre on the market to purchase or lease.

Business • 09 Mar 22

Tech and professional services occupiers continue to drive leasing activity in the office market, the report stated

Property investment values exceeded €5.5bn in 2021

Over €5.5 billion was invested in property in Ireland last year, according to an analysis of the market by estate agents Savills.

Business • 10 Jan 22

The largest deal of the third quarter was Eagle Street Partners' deal for the Castleforbes Business Park site for €78.5m

Land sales values reach €378m so far this year

Turnover in the Irish development land market came to a total €184m in the third quarter of 2021, bringing turnover for the year so far to €378m.

Business • 11 Oct 21

Several deals that are close to signing are expected to drive a strong Q4

€3.5bn invested in Irish property in 2021 - Savills

Almost €800m was invested in the Irish property market in Q3 of this year, which is 25% higher than a typical Q3, according to the latest data from property advisor, Savills.

Business • 04 Oct 21

A computer generated image of the proposed Brick Yards development site in Dublin's North Docklands

Dublin's 'Brick Yards' site on the market for €80m

Savills Ireland has launched what it calls a "significant" development site for sale in Dublin's North Docklands for over €80m.

Business • 25 Aug 21

Savills said it is expecting significant interest in the sale of Dublin's Point Square

Dublin's Point Square up for sale for €75m

The Point Square development in Dublin's north docklands is up for sale on behalf of its joint statutory receivers, Stephen Tennant and Paul McCann of Grant Thornton, with a guide price of €75m.

Business • 14 Jul 21