logo
JLL brings regional hotel portfolio to market for €50m

JLL brings regional hotel portfolio to market for €50m

Business Post04-05-2025

Commercial Property
JLL brings regional hotel portfolio to market for €50m
Project Abbey comprises two city centre hotels and a large multi-storey car park in Kilkenny and Limerick
Tina-Marie O'Neill
17:10
Kilkenny Ormonde Hotel

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Refurbished distribution warehouse in north Dublin available to let
Refurbished distribution warehouse in north Dublin available to let

Irish Times

time4 days ago

  • Irish Times

Refurbished distribution warehouse in north Dublin available to let

A modern distribution warehouse in Swords, north Co Dublin, has been launched to the market for let. The property, which was acquired by Palm Capital in 2022, will be available for occupancy in July 2025. Number 6 Airways Industrial Estate is a detached warehouse and office facility, comprising some 42,873sq ft, which has been comprehensively modernised and refurbished. It is on a self-contained site within Airways Industrial Estate, one of Dublin's most prominent industrial areas, just five minutes' drive to both Dublin Airport and the M1/M50 Interchange (Junction 3), offering accessibility and connectivity. The property is being brought to the letting market by joint agents Harvey and JLL, quoting an annual rent of €536,000 (exclusive). Palm Capital acquired 6 Airways in late 2022, when there was a tenant in-situ. Following the existing tenant's lease expiry, Palm Capital significantly refurbished the property, with a focus on three key areas: environmental sustainability, staff welfare and loading access. READ MORE As a result, the warehouse specification now includes a new twin-skin insulated metal deck roof, LED lighting throughout, new twin-skin insulated profile metal wall cladding, a new extension with dock leveller, and four new recessed level access doors and refurbished dispatch offices. The office accommodation has been refitted in an open-plan configuration, with new suspended ceilings and floor coverings throughout, LED lighting and PIR motion sensors, a new air-source heat pump system, and upgraded, modern staff facilities. Shane Corby, director of Palm Logistics, said: 'Following an extensive refurbishment programme and a recent short-term occupation, this modernised distribution facility will be ready for occupation in July 2025. With a fully upgraded specification throughout, the property is ideally suited to support a range of warehousing and distribution uses, with strong transport links, excellent accessibility and a proven commercial environment that continues to attract major operators.'

Prime industrial and development site in Athlone for €7.3m
Prime industrial and development site in Athlone for €7.3m

Irish Times

time04-06-2025

  • Irish Times

Prime industrial and development site in Athlone for €7.3m

A new industrial investment and development opportunity in Athlone, Co Westmeath , has come to the market with a guide price of €7.3 million. Given its location, its strong tenant profile, attractive yield and significant development potential, it may appeal to investors seeking exposure to Ireland's thriving industrial market. The property, which is located on Moydrum Road and is brought to the market by JLL , extends to approximately 10,324sq m (111,000sq ft) and is situated in an established industrial location, just off junction nine on the M6. It is fully let to Heat Merchants on a 10-year lease from June 30th, 2022 with a current passing rent of €450,000 a year. Also of potential interest is an adjoining site, of about 2.3 hectare (5.7 acres), which is available for sale. This presents further opportunities for development. The site is zoned 'employment and enterprise' under the Athlone Town Development Plan 2014 – 2020 (current plan). READ MORE 'The combination of a substantial 111,000 sq ft facility let to an outstanding covenant, and a separate 5.7-acre greenfield-development site, should make this offering particularly attractive in today's market,' says Ollie Lyons of JLL. The outlook for the industrial sector remains positive. A report earlier this year from CBRE cited increased levels of nearshoring, and strong consumer spending, as driving leasing momentum in the sector.

Famous Waterville hotel on the market for €6m
Famous Waterville hotel on the market for €6m

Irish Independent

time29-05-2025

  • Irish Independent

Famous Waterville hotel on the market for €6m

It is one of 14 properties linked to Paddy McKillen Jr, and which was put into receivership by lenders Relm Finance in March this year. Selling agent JLL is guiding €6m for the Waterville hotel which accommodates 36 guestrooms and includes a restaurant and the historic Fisherman's bar. It is located on an impressive 1.3-acre beachfront site, with uninterrupted sea views. Dan O'Connor of JLL says a buyer could avail of a feasibility study which shows the potential to more than double the guestroom stock and also introduce new amenities, including a function room and a pavilion-style restaurant. Located between two world-class golf courses, Hogs Head and Waterville Golf Course, the premises dates back to the late 1800s when it was a hunting lodge. After it became a hotel it hosted renowned film personalities like Walt Disney, Charlie Chaplin and Michael Douglas while Mark Hamill of Star Wars stayed while filming on nearby Skellig Micheal.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store