Lotus Investment Group Ltd

28/09/2022

https://www.irishtimes.com/culture/film/2022/09/28/stella-cinema-in-rathmines-trophy-asset-like-no-other-for-sale-for-95m

The Stella - the beloved refurnished art deco cinema and landmark in Rathmines Dublin 6, goes on the market at a guide price of €9.5m, with an annual rent of €550,000 and a gross yield of 5.79%pa.

Paddy McKillen jnr and Matt Ryan’s Oakmount seek buyer for freehold interest in award-winning Dublin 6 venue

29/08/2022

This proposed 108-metre tower is set to become Dublin's tallest building, which would be located on the derelict site at the City Arts Centre in Dublin City Centre, as pictured below.

Should the developers get approval for the twenty-four-storey tower, planning would include over 15,000 square ft of artist studios and workshops over the two basements, ground and first floors. In excess of 236,000 square ft over the remaining 23 floors of the building is earmarked for office space, as is a 2600+ square ft gym via Moss Street.

In a show of homage to the original City Arts Centre, the original neon entrance light was salvaged in order to be used above the new building's main door once completed, in a subtle nod to the former site.

13/12/2021

Securing construction finance doesn't have to be difficult, in fact it should be simple. We believe in empowering property developers and building contractors by getting on with the business of building new homes with a minimum of hassle.

Contact Lotus for a free project appraisal and funding consultation today. Loans for site acquisition and/or WIP from €0.5-20m+ available usually within just weeks!

Contact Laurence at [email protected] for a high level chat today.

07/12/2021

Great news for supply of new homes in Baldoyle Dublin 13, as planning permission has been approved for a €466m, 1,221 unit apartment development at the coastal town, inclusive of 122 units social homes.

Despite some minor opposition, the Shoreline Partnership scheme got the green light to go ahead, and will consist of 11 apartment blocks up to 15 storeys in height, with 1 studio, 502 one bed, 636 two bed, and 82 three bed apartments at the site known as "The Coast".

24/11/2021

A further 17% increase in Irish Property prices expected by the European Commission in its latest statistical analysis, to add to the previous 84.98% increase from Q2 2013 to Q2 2021 on the island of Ireland.

Prices in Ireland have risen at the second-fastest rate in the EU, a new report finds

15/09/2021

The north Dublin suburb of Coolock Dublin 17 looks set to get a big boost to its rental homes supply very soon, thanks to the pending sale of the old Chivers "Jam Factory" site guiding at €25m by Cushman and Wakefield, on behalf of London firm Platinum Land. The shovel ready site comes to the market with the benefit of full planning permission for 550 rental apartments in favour of the successful purchaser.

The approved BTR scheme comprises a mix of 67 studios, 205 one beds, 221 two beds, and 57 three bed apartments, with 340 car parking and 616 bicycle spaces. It also includes a range of tenant amenities, including co-working and resident lounges, a standalone gym and creche, all set within landscaped parklands of 3 acres, on the 6 acre site. The site itself is located in a well-established part of Dublin with plentiful local amenities, and public transport circa 6kms for Dublin City Centre.

NB: If you are a developer and wish to acquire this site, or another development site in Dublin or the commuter belt, please feel free to reach out to via DM, or email - [email protected] for a high level chat about your site acquisition (and/or) build funding requirements.

16/07/2021

A significant deal in the heart of Dublin promoted by Pat Crean and the Marlet Property Group. Well done all involved.

Apollo Global Management and Pimco to fund delivery of Dublin city development

20/04/2021

435 Apartments are being acquired by Union Investments of Germany, in a "forward funding" €200 million deal from Irish developer Ballymore Group, for the 8th lock residential quarter in the latest phase of the established Royal Canal Park development in Ashtown Dublin 15.

The scheme involves 5 blocks of between 4 to 13 storeys with a completion date between October 2023 & March 2025. The project consists of 28,000 sqm of residential space, with an additional 3,000 sqm earmarked for commercial use. There is also communal space, 242 car spaces and 960 bicycle spaces underground with the scheme. The site is 0.3km from the new Pelletstown railway station with access to the city centre in 12 mins by train, and Dublin Airport in 20 mins.

As well as seeing Union Investment enter the Irish residential market, this deal is the first-ever in the Irish residential sector to involve forward funding by an end investor. Up to now, only forward purchase structures have been used for Irish residential projects. Unlike with a forward purchase agreement, with forward funding, the buyer gets involved at an early stage of development and makes payments based on construction progress. Union Investment finances the purchase 100% with equity.

13/04/2021

Good news for the Naas Road area of Dublin 12, as the new "South West Gate" €625m 4-15 storey mixed-use project, including 1,100+ new homes, is given the go-ahead.

No appeals were lodged against the Council's decision to grant approval for the project last February, which means the way is now clear for Developer - O'Flynn Group, to proceed with site construction of their most ambitious mixed-use project in the capital to date.

The scheme will comprise 1,137 apartments, a 148-bedroom hotel, and circa 190,000Sqf of commercial space on a 16.8 acre site. The residential units will provide a mix of 724 build-to-sell units, 299 build-to-rent units, and 114 Part V social and affordable units across 12 blocks.

The O’Flynn Group, which is fronted by Cork developer Michael O’Flynn, and the Group are also developing other sites across Leinster and Munster regions presently.

26/03/2021

Irelands tallest tower gets go ahead in Cork. The €140m development is going to be located in the Custom House Quay area of the City.

The planned development by New York-based Tower Holdings on the former Port of Cork site, with its iconic Port of Cork sign, includes a 34-storey hotel tower, 25 serviced suites, and a range of commercial uses including retail, office, food and beverage, distillery, tourism and leisure.

In its 21-page decision subject to conditions, An Bord Pleanála said it took on board a number of factors, including the development of the Cork region as a counter balance to Dublin as outlined in the National Planning Framework and the Cork Metropolitan Area Strategic Plan.

25/01/2021

Ballymore has received the green light to develop an 80,000 square meter project dubbed the "Connolly Quarter" beside Dublin's City Centre's Connolly Station, and will be home to more than 5,000 people according to the company.

The plans includes homes, offices, a hotel, restaurants, bars, shops and other amenities in a "state-of-the-art development” that complements the environment. Ballymore sought permission for Connolly Quarter from Dublin City Council in Q.2 2020 during the first lockdown.

Founded in 1982 by the Husband and Wife team of Sean and Bernardine Mulryan, Ballymore has had a prolific record of property development in Ireland, and Europe, including projects in the UK, Germany, Slovakia, and the Czech Republic, including the redevelopment of the London docklands.

The Connolly Quarter project is likely to create more than 1,000 Irish construction and related jobs. Congratulations Ballymore Group from Lotus!

07/01/2021

LOTUS IS OPEN FOR BUSINESS!

If you have a Construction or Property investment project in 2021 and need finance, let’s have a virtual coffee, and make it happen. ☕️