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Top News In One Kilmainham Square Today - Breaking & Trending Today

Significant increase in office leasing activity in second quarter


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French investor acquires Cork docklands office for €60m


 
French property company, Corum Asset Management on behalf of its fund, Corum XL, has returned to the acquisitions trail, with an agreement to acquire the NSQ1 building at O’Callaghan Properties’ Navigation Square development in Cork city docklands. The deal which is understood be valued at around €60 million brings Corum’s overall investment in the Irish market to date to just under €290 million.
The French investor’s last purchase here saw it acquire Blackthorn House in Sandyford in south Dublin from Irish Life, for around €18 million in May of last year.
The NSQ1 building in Cork is the first of four buildings which make up O’Callaghan Properties’ 360,000sq ft Navigation Square, the city centre’s largest office development. Two blocks are already built and construction of the third is expected to commence by the end of the current year. ....

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Corum secures the HSE as tenant for One Kilmainham Square


Corum secures the HSE as tenant for One Kilmainham Square
Health service enters into 10-year lease at a rent of €29 per sq ft for Dublin 8 offices
about 3 hours ago
 
French asset-management company Corum has secured the HSE as a tenant at One Kilmainham Square in Dublin 8. The HSE has agreed to take the lower ground floor of the building (1,070sq m/11,522sq ft) on a 10-year lease at a rent in the region of €29 per sq ft along with 10 basement car-parking spaces for €2,500 each. The HSE joins a number of international occupiers in the building including Heineken, Parexel Pharma and Klas Telecoms. ....

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Rents on the rise, unions to meet Aer Lingus, and TikTok's new Dublin office


 
Average national rents rose 2.1 per cent in the first quarter of 2021 and are 1.7 per cent higher than they were a year ago, while Dublin rents remain lower year-on-year but have started to trend upward, according to figures from Daft.ie. Laura Slattery reports.
Unions will meet Aer Lingus this week to discuss the possible impact on jobs of the airline’s ongoing losses from continued Government travel bans. The carrier’s operations lost €103 million in the first quarter of the year, prompting chief executive Lynne Embleton to warn staff that cuts could be needed should the airline lose a second summer to Covid curbs. Barry O’Halloran has the details. ....

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