Full coverage: Property

Flood risk is no longer invisible in Ireland. The same needs to happen for the wider climate risks shaping the homes we build, buy, and live in.

The UK property investment company took out a multi-million euro loan with the alternative lender, Castlehaven Property Finance, with plans to build a major apartment complex in Clondalkin. The scheme never went ahead and upwards of €28.5 million is now owed.

Myles Crofton bought the landmark south Dublin site for €47m at the height of the boom before losing it to Ulster Bank and filing for bankruptcy in the UK. The developer is now quietly getting his foothold back in the property market.

Castlehaven Finance has appointed receivers over 198 apartments in a nearly-completed complex in north Dublin. It is the latest in a string of receiverships and insolvencies connected to developer Bernard McNamara.

Five years ago, New Look tried unsuccessfully to put its business in Ireland into examinership. Now its parent in the UK is putting its Irish division into liquidation.

Stranwil Limited recently built a 196-apartment complex and sold it to the LDA for €67.8 million. Yet, it still went into liquidation in January alongside two other vehicles, with combined multi-million-euro debt.

A decade on from early deals in the UK, the US vulture fund’s tax-efficient Irish subsidiaries have hoovered up bad debt from Germany to Cyprus. But how profitable are they?

Ronan’s RGRE Grafton Limited is the landlord of the iconic building. A judge in October ruled the rent be slashed in half to €738,000.

Ireland is 13 years into a rental market crisis. Despite eight years of evidence the strategy of capping rents and diverting demand doesn’t work, not a single party has any real strategy for the rental sector.

The pandemic years appeared to cause a blip in small landlord activity but they came back strongly in 2022, according to new data from the Revenue Commissioners.