Government still wants funds in housing market but not at any price Ministers and officials wary of chasing away source of funding needed for new projects
Thu, May 6, 2021, 18:00 Updated: Thu, May 6, 2021, 22:22
Mullen Park estate in Maynooth, Co Kildare, where a multinational investment company has bought 115 homes. Photograph: Colin Keegan/Collins
As the Government mulls its options on restricting the bulk purchase of family homes by investment funds, Ministers and senior officials are wary of chasing away a source of funding for desperately-needed new housing projects.
While Government has accepted in the last 24 hours the political necessity of stopping investment funds and trusts from buying outright estates of family homes, it will not, according to people involved in the process, shut out the funds from the housing sector completely. The Government wants the funds to continue their investments in Irish property, “to finance developments that might not othe
Five developers in bid to deliver new Dublin HQ for KPMG ‘Big Four’ accounting and advisory giant seeks space for 2,500 workers in the city
Wed, Feb 17, 2021, 06:00
Ronan Group Real Estate is looking for KPMG to relocate to its Waterfront South Central scheme
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Having recently reignited its near decade-long search for a new Dublin headquarters, KPMG is understood to be in the process of assessing proposals from five of the city’s biggest developers.
The shortlist of contenders comprises Johnny Ronan’s Ronan Group Real Estate (RGRE), the Kenny family’s Clancourt Group, Shane Whelan’s Westridge Real Estate, Hibernia Reit, and US real estate firm Kennedy Wilson.
Listed commercial property developer Hibernia Reit has said activity in the Dublin office market “remains subdued,” despite a “modest” pick-up in the last three months of 2020.
IDA Ireland might be feeling a little bit damned if they do, and damned if they don t when it comes to the kinds of foreign direct investment projects the agency goes after.
An agency report compiled by the OECD rightly highlighted the success of Ireland s FDI policies and the agency most responsible for making the investments happen.
But it also pointed to a higher concentration risk in the number of sectors represented in the mix and the location of the parent companies. In other words, we are too dependent on the likes of tech and pharma, especially from the US. American firms account for 70pc of inward FDI stock.