Category Archives: The Investor

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DNG Maxwell, Heaslip and Leonard reveal catalogue for June auction

Leading Galway-based auctioneering firm DNG Maxwell Heaslip & Leonard last week launched the latest in its summer series of auctions. Following the company’s successful May auctions, which saw ten lots be brought to the market, it has brought six more lots to the open market for a sale on Friday June 14th with huge interest [...]

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Ashford Castle sells for €20m

Ashford Castle has been sold for €20m, according to a report in today’s Irish Times. Red Carnation Hotels, owner of 14 boutique hotels, plans to carry out a major refurbishment of the five-star hotel in Cong, Co Mayo, which was placed in receivership 18 months ago by its owner, the Galway businessman Gerry Barrett. He bought the castle and [...]

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A section of the crowd at Friday's auction in the Harbour Hotel

€3.6m in sales recorded at Galway auction

An estimated 600 people attended a bumper auction in Galway City, at which more than €3.6 million worth of property was sold. The O’Donnellan & Joyce auction last Friday saw a packed auction room in the Harbour Hotel, will potential bidders and onlookers flowing out into the corridor outside. A total of 28 properties in [...]

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Eyre Square

€13m for Eyre Square site

The Irish Times reports that a consortium headed by the wealthy Galway developers Brian and Luke Comer has bought a substantial redevelopment site fronting on to Eyre Square in Galway for slightly over €13 million. Aidan Gavin of DTZ Sherry FitzGerald handled the sale of almost two acres known as the Odeon site for receivers Kieran Wallace and Patrick Horkan of KPMG. The [...]

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Colm O’Donnellan of O’Donnellan & Joyce

O’Donnellan & Joyce prepare for biggest ever auction tomorrow

  O’Donnellan & Joyce will hold the biggest property auction ever held in the west of Ireland when 32 properties go under the auction hammer tomorrow. According to Colm O’Donnellan of O’Donnellan & Joyce there has been tremendous interest both locally, nationally, and internationally in relation to this forthcoming auction, as there is such a [...]

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Over €12m raised at Allsop Space auction

Just over €12.1m was raised at today’s Allsop Space auction in the Shelbourne Hotel in Dublin. A total of 125 lots were registered for the second auction of the year with 96 selling on the day for a sum total of €12,105,500. Two further lots sold prior to auction. The biggest sale of the day [...]

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Lough Erne Resort on the market

The venue for the G8 world leaders summit next month, the five-star Lough Erne Resort in Fermanagh, is back on the market with a price tag of £10 million. The resort had initially been put up for sale last year on the instructions of the joint administrators appointed to parent company Castle Hume Leisure in May 2011. However, last [...]

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Colm O'Donnellan of O'Donnellan & Joyce

O’Donnellan & Joyce to host the west of Ireland’s largest property auction

O’Donnellan & Joyce will hold the largest property auction held in the west of Ireland on May 17 in the Harbour Hotel, Galway, when 34 properties will be placed for auction and must be sold. The auction is expected to attract enormous local, national, and international interest. There is exceptionally good value on offer as [...]

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Over 90% of Dublin flats are illegal, according to new report

Less than 10% of flats surveyed in Dublin have ever been the subject of an application for planning permission, and most of these applications were for TV satellite dishes. The 1963 Planning Act made it illegal to subdivide a house into flats without planning permission. The report compiled for the council by Paul Kelly of [...]

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CBRE

Demand outgrows supply for commercial property

There is now a lack of prime commercial properties for sale in the Irish market to cater for the current volume of demand in many sectors, according to consultants, CBRE today. The CBRE report also contrasts conflicting market conditions in the Republic and Northern Ireland, with transaction volumes extremely low in the North during the [...]

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