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Construction industry needs private sector activity to harness recovery

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Acclaimed...the new Engineering Building at NUIG.

Galway and the West needs increased private sector investment activity to anchor its recovery – that’s according to the AECOM Annual Review of the Construction Industry.

The international architecture and project management company which worked in Galway most recently on the new, critically acclaimed Engineering Building at NUIG.

AECOM Director John O’Regan – who is based in their Galway office – revealed that the firm anticipated construction industry activity nationally would grow by twelve to fifteen per cent in 2015 with this strong growth pattern due to continue as the economy recovers.

However, the East coast is experiencing faster growth than the rest of the country – including the Galway region.

“As with other regions outside Dublin, construction activity in Galway and the West needs increased private sector investment activity to anchor its recovery,” he said.

“There is confidence that this will be achieved in 2015 and 2016 through the combination of international investors starting to look outside of Dublin for value, coupled with domestic and FDI companies re-investing and expanding,” he added.

John O’Regan said that public capital expenditure has continued to be the primary driver of activity in the western region and this is likely to continue in 2015

“In civil engineering terms, 2014 finally saw contracts signed for the Gort to Tuam extension of the M17 motorway. Due for completion in 2018, it will provide a significant boost to the construction industry in the region.”

He highlighted the importance of development work at NUI Galway such as the Human Biology building and a 450 bed on-campus accommodation project.

Other work in the education sector and at Sligo and Portiuncula Hospitals will also be important for construction in the West.

“The level of private development has been muted, however, there is increased optimism that we see the start of private sector investment in 2015. In residential development, the second half of 2014 has seen the commencement of a limited number of new multi-unit developments in Galway city.

“On the commercial front, Hewlett Packard has taken possession of its new landmark office building in Galway – one of the largest developments of its kind in the region in recent years.”

John O’Regan said that the construction industry in Ireland in 2014 experienced a two-tier recovery.

For more, read this week’s Galway City Tribune.

Connacht Tribune

Demand for homes is ‘extraordinarily strong’ despite pandemic

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Ballynasooragh, Mountbellew: seeking bids over €195,000 at online auction.

The Connacht Property Auction will hold their next online auctions on June 3 and July 1 and are still accepting properties from vendors to add to the catalogues.

According to the auctioneers, there is “huge demand” for properties at the moment, despite the pandemic.

Shane May said: “Previous years have shown the April to July period is particularly strong for selling residential and commercial property. While circumstances this year are very different to previous years, we are seeing huge demand for properties and our auction team are keen to speak to property owners who are considering bringing their property to the market.”

He said that with demand for property extraordinarily strong right now, property owners should consider coming to market sooner rather than later.

“We are encouraging owners considering selling their property and indeed buyers to contact us to discuss. We offer properties across the province and remain the only auction provider in Ireland who do not charge any upfront costs to entry a property into their auction,” said Mr May.

The next auction will offer a great selection of properties and while prices are continuing to increase, there is still choice and value to be found for buyers as well.

For more, read this week’s Connacht Tribune.

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Connacht Tribune

Spacious residence on two acres in Kilcolgan

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Stradbally, Kilcolgan

This is a truly impressive property of scale and quality set on two acres of private, landscaped grounds and located only a few minutes from Clarinbridge.

Located in Stradbally, Kilcolgan and designed and constructed by the current owner in 1997, no expense was spared. It is accessed via electric gate onto a winding avenue through the established gardens.

The main residence is a 375 sq m (4,036 sq ft) home with an elegant red brick façade.

Carefully considered internal finishes include a mix of solid timber flooring, quality carpet and tiles while the skirting, architraves and cornices to some rooms have striking detail.

A superb double height entrance hall leads you into a home with a clever layout and well-proportioned rooms, taking full advantage of light and views of the gardens. The large south facing kitchen leads directly off to the living room, dining room, home office, utility room and rear garden.

There is also a second reception room, guest toilet, shower room, plant room and access to the plumbing/wiring services in the basement. The attached double garage is an excellent amenity to property and gives direct access to the house.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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Connacht Tribune

Receivers put unfinished homes on online auction

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The two semis sit on a half-acre site which is included in the sale.

Five unfinished homes on the eastern side of the city are set to be sold by receivers next month in an online auction with a €900,000 guide price.

The three apartments and two houses are part of the Coill Tíre development in Doughiska and are being brought to the market by receivers appointed by the US vulture fund Oaktree Capital.

The units were developed and owned by a company called Pinearch Properties, operated by Paul and David O’Brien from Limerick.

The apartments (2 three-bed and 1 two-bed) are in a block of ten similar units on ground and first floor and are ready for first fixing.

There are also two unfinished three-bed semi-detached houses which are ready for first fix. They site on a site of around a half-acre where there was previous planning for ten homes.

The properties form part of one lot with a guide price of €900,000 and will be part of an online auction on May 7 held by BidX1 and joint agents DNG Maxwell, Heaslip and Leonard.

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