The Irish Times - New lease agreements have rental value of €2.3 million

TREASURY HOLDINGS is continuing to maximise returns from its extensive Irish property portfolio.

With an increased level of interest in many of its office, retail and residential properties, the company has just reported new lease agreements with a rental value of more than €2.3 million per annum in the first three months of the year. This has brought the overall occupancy rate in the portfolio to about 90 per cent.

Tesco, one of the anchor tenants at Stillorgan shopping centre, has extended the lease on its l,858sq m (20,000sq ft) supermarket for another 10 years. Retail units let in the centre accounted for almost 3,7156sq m (40,000sq ft).

Meanwhile, social media experts Linkedln has rented 2,221sq m (2l,548sq ft) on two further floors at Wilton Plaza.

Treasury also managed to rent 29 apartments on its various sites in the city.

John Bruder, managing director of Treasury Holdings, said the recent transactions were further evidence of growing confidence in the property market and the strength of its portfolio.

Irish Independent Business - China can offer huge potential to the very patient and the wily

By Thomas Molly

Following the visit of Chinese Vice President Xi Jinping earlier this week, Thomas Molloy looks at Irish firms doing business in China.

When fashion designer Orla Kiely designed a new range of products last autumn she went to Irishman Liam Casey to get them made. The twist in the tale is that Mr Casey owns thriving PCH International and Ms Kiely's products were manufactured in the company's brand new 6,000 sq-metre factory in Shenzhen in southern China.

China plays a role in every part of the economy these days and is helping many small and medium-sized business to survive and prosper. Tipperary Crystal opened its first shop in the country last month and sold crystal costing up to €5,000 on the first day.

"China used to be a place to make cheap products, then it became a cheap place to make products. In our industry today, it's the most competitive place to make products and is fast becoming the place to sell these products," Mr Casey said at the Global Economic Forum in Dublin last October shortly after his latest factory was opened.

PCH is one of 130 Irish companies with operations in China employing 10,000 people. Others include household names such as Glen Dimplex and CRH.

Exports of goods made by indigenous Irish companies to China still remain tiny by global standards but they have grown 15pc every year for the past five years and analysts say there are many more opportunities for Irish companies in sectors such as food, education and tourism.

Earlier this week, renewable energy entrepreneur Eddie O'Connor's company Mainstream Renewable Power signed a €1.5bn deal with Chinese turbine manufacturer Goldwind to build a wind farm in Chile but most deals are much smaller than this.

"The middle class market in China is growing at a very fast rate. They are buying brands so there is a great opportunity there," Mr Casey said at the Global Economic Forum. "You will see Irish brands like in the food sector. You see Kerry gold in the supermarkets. One of the big opportunities is for Irish companies to build brands." Most business leaders doing business in China offered the same advice for any small and medium sized companies following in their footsteps; doing business in China is a challenge that takes time, patience, cash, and a trusted local partner.

Not everybody in Ireland will have something to sell in China but education, food and tourism are three sectors where the Chinese are happy to spend money. With small families, Chinese parents invest heavily in their children and send 130,000 students to US universities every year.

Lynn Yang, a Dublin marketing expert who helps companies such as Tipperary Crystal negotiate the Chinese market believes tourism and education offer massive potential.

"They will be the major forces in 2012," says Ms Yang. The recent twinning of Dublin and Beijing and new rules waiving the need for visas offer huge potential," she adds.

UCD, which plans a campus in China, signed an agreement this week but there is also room for smaller players.

Brendan Gainey, the Independent Colleges' international office director in Dublin and a board member of the China Ireland Association, is busy trying to tap this enormous market.

"The big difference is the formal channels you have to go through. It is very difficult to do business without being introduced," says Mr Gainey.

"The idea of just pitching up and saying, 'Can I have half an hour of your time?" is unheard of," says Mr Gainey, who has lived in China and is now building up links with universities there to bring Chinese students to Dublin.

Mr Gainey, who will be in Shanghai with Education Minister Ruairi Quinn for St Patrick's Day celebrations next month, is looking at doing business in what the Chinese call second and third tier cities but which still have large populations by Irish standards. There are already 160 cities in China with at least 1 million people, and by 2020 there will be 220.

The process of building links is slow, expensive and involves repeat visits, many dinners and lunches to build up trust and often involves setting up a permanent office with a Chinese agent to make connections.

Frank Deasy, the founder of Dublin based packaging company Safepak, agrees that it is foolish to try to do business in China without the help of a trusted local partner who can navigate the bureaucracy, negotiate with public officials and explain customs such as where to sit at the table and when to speak. He warns that Irish companies can appear naive and it is important to pick the right guide.

Mr Deasy, who imports from China and did research on China/or an MBA, has a simple solution to the problem: the large number of Chinese students now living and working in this country. "I'm a great advocate of talking to students here," he says. 'They often have great qualifications." Mr Deasy also recommends a Dublin based company called China Portal which employs Chinese and Irish people and makes introductions for Irish companies hoping to gain a foot hold in the market.

The China Irish Association will also hold an evening seminar on the topic next month.

Like Brendan Gainey, Mr Deasy warns that China is not a quick fix for companies needing new markets. "You've got to look at this as long-term," he says.

"This is not something to mention at the marketing meeting; 'I know. Let's go to China' - that sort of thing won't work." Enterprise Ireland and the Department of Foreign Affairs have introduced the so called Farmleigh Scholarships following the conference in 2008 and recently beefed up the number of scholarships to encourage more young Irish people to get the experience necessary to do business there.

Treasury Holding's Chinese operation recently opened an Irish centre in one of the best parts of Shanghai to encourage business there.

Irish Times - Treasury in new letting deals

Treasury Holdings has boosted its rental income by €1.5 million in 35 new letting agreements since November. The increased level of activity comes as the company continues crucial talks with Nama, Linkedin has leased two further floors in Wilton Plaza on the Grand Canal, bringing its overall space to 5,109sq m (55,000sq ft). Kanchi, the not-for-profit disability organisation, also signed a lease for 404sq m (4,359sq ft), bringing the overall occupancy of the building to almost 90 per cent. In Sandyford, RGA, the reinsurance company, has taken a 10-year lease on 583sq m (6,282sq ft) of space in Central Park.

Read more…

Irish Indepenedent - OPEN FOR BUSINESS

Ireland's strong trading links with China are key to economic recovery
Over the past decade, Ireland's trading relationship with China has grown from strength to strength. In 1999 the Irish government launched its Asia Strategy in an effort to develop its relationship with Asia and in particular China.
The main objective of the Asia Strategy was to improve Ireland's business contacts throughout Asia and to forge a perception of Ireland as an investment location and an export region of high quality goods and services.
Today, China is Ireland's largest trading partner in Asia. According to the Statistical Yearbook of Ireland, imports from China increased by 38 per cent from €2bn in 2002 to €2.8bn in 2010.
According to the Embassy of the People's Republic of China, China's major exports to Ireland include radio communication equipment, clothes, spare parts of household appliances and medicine. Ireland exports wool, major parts of integrated circuit and microelectronic products, refrigeration equipment and spare parts of internal combustion engines.

Road to recovery
At a two-day international conference on "China's Economic Dynamics and its Impacts on the World Economy" held on the 14th of July last year at University College Dublin, Enda Kenny stressed that Ireland’s “recovery will be export-led and our strong trading relationship with China is an essential part of ensuring future growth," Kenny said that the bilateral trade between Ireland and China was worth approximately €715 million in 2000 and €4.2bn in 2010.

Evening Herald - NEW LIFE FOR OLD RAILWAY STATION IN FESTIVE MARKET

By Claire Murphy

A HISTORIC Dublin train station has opened for the first time in almost 200 years as plans for a new city market go full steam ahead.

The LMS building at Spencer Dock on the north quays, which dates from the 1800s, was the final building thousands of Irish emigrants stood in before they departed for America, England or the Great War, Now the magnificent station house has been restored and will house an indoor Christmas market DECORATIVE And organisers hope this will be developed into a permanent fixture to rival the Oxford Market in London or the English Market in Cork.

The preserved building now serves as offices for Irish Rail But inside, many of the original decorative features including ticket desks and information counters, staircases and fireplaces remain in place.

The Treasury Holdings- owned building was last used by construction workers at the Convention Centre. Owners had to take drastic action when the old timber roof began to leak.

But it has now been converted into a bustling market place. Read more…

Irish Times - Christmas markets in docklands

Dublin's docklands is to get a third Christmas market from tomorrow when 40 stalls start trading in the redbrick former railway station facing onto the city quays beside the Convention Centre and PwC offices. The Christmas market continues until January 22nd when arrangements will be made to run an urban market there on a daily basis.

Robert Colleran of agent Vincent Finnegan is handling bookings for the stalls in the LMS Building which are available at an annual rent of €1.000 per sq m (€92.90 per sq ft). The building is owned by Treasury Holdings and is rented by businessman Lee Bradshaw. 

Irish Independent - ESPA at the Ritz-Carlton Powerscourt

Gorgeous scenery visible from almost every window, mouth-watering food in world class restaurants and revitalising treatment, with highly trained professionals - ESPA at The Ritz-Carlton is a blissfully tranquil retreat only 30 minutes from Dublin The Ritz-Carlton Powerscourt is nestled among breathtaking glens and minutes south of Dublin.

The Ritz-Carlton offers guests glorious golf and spa experience enriched by magnificent scenic views and historic elegance.

With 200 lavishly furnished rooms (including 93 suites) and 36 holes of championship quality golf,
the resort is a stunning complement to the sublime formal gardens of historic Powerscourt Estate.


Read more…

Sunday Independent - Discover a festive feast for the Senses at TASTE OF CHRISTMAS 

Taste of Christmas, the season's finest food, drink and shopping festival, returns for its second year to the Convention Centre Dublin from November 25 - 27. Visitors will discover the best in seasonal food and drink, sample signature dishes from Dublin's best restaurants and be inspired and entertained by top culinary talent in this winter wonderland of flavour. Tickets have been reduced by €5 on average this year and include full access to the event, featuring the chance to browse artisan exhibitors, find gifting ideas, indulge in foodie features, enjoy cooking demonstrations from Ireland’s finest chefs plus take a seat at the Master Chef Ireland Live Theatre Show and receive a Restaurant Loyalty Card.

The Restaurant Loyalty Card is a new addition to Taste of Christmas this year, thrilling customers with €100 worth of discounts to enjoy in selected Taste restaurants from January to April next year.

MASTERCHEF IRELAND LIVETHEATRE SHOW: Over 20,000 season-centric connoisseurs are expected to attend to enjoy their fill of festive delights over the course of this three-day event.

The Irish Examiner - Slight recovery noted in commercial market

By Denis Scannell

The bulk of market deals this year have been rentals and leases in office and other commercial space, with demand focused on high-quality real estate in strategic locations. Tommy Barker reports on early, but encouraging signs of potential growth.

NO one rang a bell before the Irish property market went into its head-long dive — but, now, with a 65% plummet from boom-time capital values, someone's ringing a faint bell of hope for the upturn, on the back of activity in key recent lettings and deals.

It's Treasury Holdings, back to being bullish, and while they're far from outrageous optimism, they can put firm figures on 150 deals they've been involved with in 2011, covering 600,000 sq ft of top-tier Irish proper- Unsurprismgly, renting is where the action is. Just as staying in became the new going out, renting is the new buying and selling. (Treasury's activity levels were announced this week, just as SCSI issued a report showing that commercial tenants have negotiated rent reductions of 20 to 30% this year, on the back of last year's marked rents cuts: see panel).

Of 148 transactions Treasury were involved in, 133 were leases/rentals.

Of the 148 also, 103 were in the residential sector, with 88 of those rentals. Commercial deals included offices, primarily, and some retail, and while the snapshot isn't representative of the entire market, it is relevant to the very top sector — and that's where recovery starts.

The number-crunching prompted Treasury's John Bruder to comment on "growing demand from occupiers for our commercial property, which suggests a recovery in the commercial property market," adding "the demand is focused on high-quality real estate, in strategic locations." With prime Dublin office vacancy rates falling to 15.8%, according to Jones Lang La Salle research, Bruder said there may be a shortage of available office space when demand picks up more pace, given the time lag in delivery — three years from site to completion, allowing a year for planning. While Dublin's office vacancy figure is 15.8%, a report due soon from Lisney is set to show vacancy rates in Cork at 20% in office and industrial sectors in the greater market. In Cork, agents, developers and companies like Bord Gais, who have office needs in Cork, have pointed to the tight margin of available city office space for firms ready to commit, especially in central areas. Paralleling Dublin's strong deals with global brands such as Google and Linkedln, Apple took 25,000 sq ft in Cork city this summer on undisclosed terms from Owen O'Callaghan, and is now in occupation on Half Moon Street.

Irish Independent - Demand for office space recovering, says Treasury  

By Emmet Oliver

TREASURY Holdings, the property firm founded by Johnny Ronan and Richard Barrett, has claimed the property market is recovering strongly and within two years Dublin could "run out of prime commercial space".

The claims, which run contrary to what many economists see, were made as Treasury said it had done 148 transactions this year involving over 600,000sq ft of space.

The firm, which has a large stake in Real Estate Opportunities, insisted that companies are struggling to find suitable office space in Dublin, although it admitted vacancy rates continue to be over 15pc in Dublin city centre.

Read more…

Irish Examiner - Commercial office market picks up Dublin

Treasury Holdings is predicting a recovery in the commercial office property market following a significant increase in activity in its portfolio since the start of the year.

The firm has secured deals on over 600,000sq ft of real estate since January.

Managing director John Bruder said: "In recent months we have experienced a growing demand from occupiers for our commercial property, which suggests a recovery in the commercial property market. The demand is focused on high-quality, real estate in strategic locations."
Read more…

Irish Times - Treasury predicts recovery

TREASURY HOLDINGS is predicting a recovery in the Dublin office market following a significant increase in activity in its property portfolio since the start of this year.

The company, which has had some of its loans transferred to Nama, has completed commercial and residential deals covering 5,574sq m (600,000sq ft) of real estate since 2011.

John Bruder of Treasury says that with office vacancy rates in general reported by Jones Lang LaSalle to be down to 15.8 per cent in the city centre, prime space in larger buildings would run out by 2013 if the current level of take-up continues. "This is a very real issue because the non-availability of suitable office space could curtail new projects coming to the city and may mean Dublin loses out to competing locations for foreign direct investment"
Read more…

Irish Times - Cloud-based tech company takes lease on Barrow Street
 
Cloud-based tech company takes lease on Barrow Street US software company Engine Yard will become neighbours with Google when it moves into its new premises in the south docklands, writes Jack Pagan DUBLIN'S TECHNOLOGY hub in the south docklands continues to expand. The latest arrival is the San Francisco software company Engine Yard which has leased 622sq m (6,700sq ft) of office space at The Warehouse on Barrow Street, next to Google's Europlex.

The Irish Daily Mail - Treasury China Trust, owned by Treasury Holdings today announce that work is about to begin on a 264,000 sq metre premium office centre in Shanghai.

Sunday Business Post - Dublin turns into Toy town

By Nicola Cooke

Up to 20,000 children and parents are expected to visit the inaugural Toy Show Experience at Dublin's Convention Centre next weekend, writes Nicola Cooke.

Discounts of between 5 and 50 per cent will be available from more than 50 exhibitors at the event. There will also be entertainment and a number of individual sections, including bike world, story kingdom,
world of music, game world and sports world.

Children will be able to try out all the toys at the exhibition stands, and 10 per cent of the ticket proceeds will go to Temple Street Children's Hospital.

Sunday Independent - Get ahead for Christmas, parents, with first-ever Toy Show Experience

THE first-ever Toy Show Experience takes place at the Convention Centre Dublin during the mid-term break on November 4-6. With more than 6,000 square metres of toys for children of all ages, the Toy Show Experience will have all the top toy retailers, children's entertainment, special appearances by Jedward, Puss In Boots and Peppa Pig and a Toy Hospital.

During the show, children will have the opportunity to try out all the latest toys (and old favourites) which will give parents enormous help in sorting out that all- important letter to Santa in plenty of time! Parents can avoid the last- minute panic and rush by going along to an event like this, the children can actually try out the toys in question and then the parents can discreetly order (at discount) if they wish or at least they will know in plenty of time what to get.

Irish Examiner - Real Estate Opportunities returns to profit in first half

by Geoff Percival

IRlSH-controlled property development company, Real Estate Opportunities (REO) has posted a first half pre-tax profit of just under £119 million (€136.6m) for the six months to the end of August.

The figure for the UK/Irish-focused company — which is controlled by Treasury Holdings — represents a significant return to profit for the period.

Irish Independent Business - REO in 'final stage' talks with investors over Battersea project

By Siobhan Creaton

Real Estate Opportunities, the company that is majority controlled by Treasury Holdings, is in the "final stages" of talks with investors for its Battersea Power Station in London. It is "absolutely committed" to the £5.5bn (€6.3bn) redevelopment of the landmark site, it said yesterday in its interim results. The company is in the process of identifying and introducing a long-term investor and is talking to potential global investors.

"It is anticipated the subsequent capital injection resulting from the successful completion of this process will facilitate the repayment and/or refinancing of certain liabilities associated with the projects, together with the procurement of development finance," chairman Ray Horney said.

The Irish Times - SEASONAL DELIGHTS MASTER CHEF TO FEATURE AT FOOD FESTIVAL

by Michelle Stein

The Taste of Christmas Food festival launched with a new addition yesterday - a special Master Chef Ireland live theatre show.The three-day event, in its second year, is expected to draw more than 20,000 foodies.

It will feature samples of food from Dublin's top restaurants, cooking demonstrations and 120 vendors.

The Master Chef Ireland finalists will be cooking live, with the judges Dylan McGrath and Nick Munier looking on.

Both judges and the finalists were on hand yesterday to reveal details of the event which takes place from November 25th to 27th in the Convention Centre Dublin.

Irish Independent Farming - Rare 435ac block to sell in Co Dublin

By Jim O'Brien

A 435ac residential holding with extensive planning permission at Skerries in north Co Dublin is to be sold by private treaty.

The property conies with an array of residences and farming facilities that include two main houses, five gate lodges, twocourtyard-style farmyards and several stone-cut outbuildings.

Selling agents Knight Frank are guiding the private treaty sale at €9.5m, or just over€20,000/ac.

Located 2km from the seaside town of Skerries, the property is close to the sea and Dublin Airport.

It comprises two distinct farms, Milverton Demense on304ac and a section known as Home Farm on 160ac. These can be bought in separate lots.

The Irish Times - 465-acres for hotel and two golf courses

By Jack Fagan

The Milverton Demesne is on an elevated site, with full planning for a 300-bedroom hotel, two 18-hole golf courses and approval for 58 homes.

The 465-acre Milverton Demesne along the coast close to Skerries in north county Dublin is to be offered for sale by private treaty at €9.5 million - a substantial reduction on the €20 million paid for it five years ago. It is one of the largest parcels of land to go for sale in the Dublin area in recent years.

The estate is held by a REO subsidiary company and is being sold on behalf of Treasury Holdings, whose loans have been transferred to Nama. Treasury said the proposed sale is part of their "ongoing business" which also includes the development of selected projects and strategic partnerships.

The Irish Times - Kilkenny Group joins other high-profile tenants at Stillorgan Shopping Centre

Stillorgan shopping centre in south Dublin continues to reinvent itself, finding another high-profile tenant for a large store in the suburban complex while plans are put on hold for a major redevelopment.

The Kilkenny Group is to begin trading before the end of October in a 1,850 sq m (2,000 sq ft) store, where its stock will include accessories, jewellery and Newbridge and other crafted gifts. The arrival of Kilkenny Design will bring to eight the number of new businesses which have opened since the start of the year. Donnybrook Fair was by far the most prestigious new arrival.

Sunday World Magazine - FAMILY FUN FOR A GREAT CAUSE

by Lorraine Keane
 
An entire weekend of toys is planned for next month when the Toy Show Experience comes to the Convention Centre in Dublin from November 4-6.

That's 3,000 square metres of toys for children of all ages including Santa's workshop, Games world, Dolls world, Bike world, Sports world and Baby & Toddler World. Peppa Pig, Puss in Boots and Jedward will all make an appearance.

Read more…

Irish Times - Playing host to the world

By Frank Dillon

Corporate gatherings bring big-spending delegations to Ireland, and the downstream benefits for the tourism sector can be equally as significant.

The building of a range of impressive new facilities, including Dublin's Convention Centre, better infrastructure and an increasingly professional approach has marked Ireland out as a key destination in the international conferencing market in recent times. The market currently accounts for roughly one-eighth of the tourism revenue in the country and we are now one of the fastest growing conference destinations in Europe.

Irish Times - Conference options tailored for gatherings of all sizes

by Sandra O'Connell

Each conference venue has a different appeal to visitors, with some of the smaller facilities in quieter settings providing just what a gathering needs, writes Sandra O'Connell four out of every five conferences held in this country are held in Dublin.

With the advent of the long awaited Convention Centre Dublin (CCD) last year, that proportion looks, if anything, set to increase.

Not alone had the CCD secured 90 events before it even opened its doors but it already has another 300 in the pipeline. But the CCD is, in fact, simply another string to what was an already well-strung conference bow.

 
Irish Times - Station on track to be market

Treasury Holdings is to convert a former train station at Spencer Dock in the north Dublin docklands into a daily market. The new facility, at the IMS Building on North Wall Quay, will accommodate a restaurant, cookery school, music venue and food kiosks and arts and crafts outlets.

 
 

Irish Independent - DUBLIN is to get its answer to Cork's English Market

DUBLIN is to get its answer to Cork's English Market with lots of foody stalls and a restaurant operated by Lee Bradshaw who has featured in the TV series The Restaurant.

Treasury Holdings, with the backing of two state agencies NAMA and CIE, is to open what it calls a new Urban Market, at the LMS Building on North Wall Quay, Dublin 1, just beyond the National Conference Centre.

Irish Times - Site to behold: slim residential tower takes architecture award

by Frank Mc Donald

ALTO VETRO, the 16-storey residential tower in Dublin's Grand Canal Docks, has won the Royal Institute of the Architects of Ireland (RIAI) housing medal for Shay Cleary Architects.

Conceived as a "pristine glazed rectangular free-standing object" and developed by Treasury Holdings, it rises from a site of less than 170 sq m and has the highest plot ratio of any building in the city.

Previously occupied by a two-storey house and, before that, an even smaller lock-keeper's cottage, the site now supports 24 two-bedroom apartments, two three-bedroom duplexes and two shops.
Read more…

Sligo Champion - Private hospital gets green light

A PROPOSED 60-bed private hospital in Sligo has been given the go-ahead by An Bord Pleanala.

The new, three-storey hospital would be located on a wedge-shaped 5.1 hectare site just off the N4 Inner Relief Road, at the round-about opposite Summerhill College.

Sligo Borough Council granted planning permission for the project last January but this was appealed to An Bord Pleanala, which has now granted permission with revised conditions.

Read more…

Irish Daily STAR - LITTLE princess Jullanna Wall (4) from Dundrum was all smiles at The Art Park, in Spencer Dock, Dublin yesterday.

She was helping to launch the project: 'Fairy princesses (and little princes) welcome the visiting Queen from across the sea'.

The project will coincide with the Queen's visit to the Dublin Convention Centre on Thursday. Children between three and 11 will write a question they would like to ask the visiting Queen.

It will run until Saturday May 21.

Sligo Champion -Penneys decision due at start of June

A DECISION will be made early next month on an application by Penneys for the construction of a new multi- storey department store at O'Connell Street, Sligo.
The application has been submitted by Primark and a decision is expected on June 6th next from Sligo Borough Council.

Irish Independent - Debenhams to open in Sligo

DEBENHAMS is continuing to avail of much enhanced rental terms at Irish shopping centres to open further outlets in Ireland. The UK department store and fashion trader is to anchor a new shopping centre planned for Sligo after agreeing rental terms with Letting agent Larry Brennan of Savills.

Evening Herald - Treasury cashing in

by Claire Murphy

DEVELOPMENT group Treasury Holdings has noted a significant increase in activity in its property portfolio activity in the past six months.
A total of 89 transactions were completed since September 2010 - 68 residential and 21 commercial. Read more…

Irish Examiner - Treasury Holdings upbeat on market activity

 by Tommy Barker

ACTIVITY levels in the Irish market place have picked up for Treasury Holdings - who say deals are being done at prices that enable commercial tenants to make money.

They company said the deals are being completed "at current prevailing open market values or slightly higher, and the market is now at a level where occupiers are capable of making money".

Evening Herald - Battersea value rises

by Claire Murphy
 
Battersea value rises THE Battersea Power Station project has risen in value by 13pc in less than a year.

The scheme is now valued at £498m (€564m) as REO outlined a restructuring package for its debt.




 
  Read more…

Irish Times - Treasury to control over 40% of new Battersea site firm

by Barry O'Halloran

TREASURY HOLDINGS will control more than 40 per cent of the new firm that will take over ownership of London's Battersea Power Station in the proposed restructuring of listed property investor Real Estate Opportunities (REO).

Irish Independent - Value of REO's Battersea project rises 13pc to €564m in less than year

by Emmet Oliver


THE value placed on the Battersea Power Station project, owned by Real Estate Opportunities (REO), has risen by 13pc to £498m (564m) in less than a year.

Yesterday REO outlined a restructuring package for its debt, which will see creditors, including NAMA, giving the company forebearance as it seeks to spin off Battersea into another vehicle.


 
  Read more…

Irish Times Special Supplement - Get in on the ground to reap the rewards Putting a senior team in place is the key to reaping the rewards of the Chinese market, Richard Barrett tells Clifford Coonan 1A F*^TM PROPERTY »/%/ developer Treasury w W Holdings started its foray into China seven years ago, company chairman Richard Barren knew he and his senior team would have to be on the ground to make the venture thrive.

Choosing fast-growing China as a place to do business was easy "if you landed from Mars and asked where should you put up a real-estate operation, you'd set up here," he says.

Irish Independent - Building of €80m retail project to start this year

by Anita Guidera

A LONG-AWAITED €80m retail development in the north-west is finally going into construction, creating up to 500 longterm jobs. Read more…

Development of new town centre to create 850 jobs

Debenhams has today signed contract lease documentation for a major new 46,000ft2 department store which will be delivered as part of the new Sligo Town Centre development, according to Treasury Holdings. This major commitment by Debenhams brings the vision of a high quality town centre scheme a step closer.

Treasury Holdings has leased part of the former PwC offices at Wilton Plaza on Wilton Place in Dublin 2, which has been vacant since the accountancy firm relocated to Spencer Dock three years ago.

Irish Examiner - Google has agreed to buy Dublin's tallest office building from Real Estate Opportunities for €99.9m.

Breaking News.ie - Google has acquired the Montevetro office building on Barrow Street from Real Estate Opportunities plc (REO). Treasury Holdings is the investment manager for REO and a majority shareholder in the company.

RTE - Real Estate Opportunities has agreed to sell the Montevetro office building on Barrow Street to Google for €99.9m. Real Estate Opportunities has agreed the sale of the Montevetro office building on Barrow Street - Dublin's tallest commercial office building - to Google for €99.9m in cash. 

Irish Times - It has agreed to lease 4,450sq m (47,899sq ft) in the newly completed Number One Central Park, making it the largest single letting in the south of the city over the past 12 months.

Irish Times - Treasury Holdings has lined up three more tenants to fill all the available space in its Malting Tower office development at Grand Canal Quay in Dublin 4.

Irish Times - A LEADING food company, Donnybrook Fair, is to open a large outlet at Stillorgan Shopping Centre in south Dublin. It will be the seventh new trader to move into the centre in the past year.

The company is understood to have agreed an initial rent of around €250,000 for the 371sq m (4,000sq ft) store which will be formed through the amalgamation of three shops. Read more…

Irish Examiner - No shortage of bookings in luxury hotel sector The Ritz-Carlton Powerscourt Hotel in Co Wicklow, where actress Eva Green, centre, was among the guests recently, has already reported 50% of its bookings being taken up for Christmas. Some business customers are still arriving by helicopter despite the recession.

Irish Independent - REO receives go-ahead for £5.5bn Battersea project DEVELOPMENT REAL Estate Opportunities (REO), founded by Johnny Ronan and Richard Barrett, has been given planning permis- sion for a£5.5bn (€6.5bn) development of the Battersea Power Station site in London.

Irish Examiner - REO gets approval for Battersea development by Geoff Percival INITIAL planning permission has been granted for the long-awaited ^5.5 billion (€6.5bn) redevelop- ment of London's Battersea Power Station site, which is owned by the London-based subsidiary of Trea- sury Holdings, Real Estate Opportunities (REO) - which is controlled by Johnny Ronan and Richard1 Barrett's Trea- sury Holdings - announced yester- day that Wandsworth Council had approved the project, which will see a mix of residential, retail, leisure and office development.

Irish Times - Body The largest scientific meeting on ageing to be held in Ireland will take place this month at the Convention Centre Dublin.
 

Irish Independent - THE Convention Centre Dublin, which officially opens its doors for business today, already has bookings for more than 150 major events, worth an estimated €110m to the local economy.

Irish Examiner - Dublin Convention Centre 'a landmark Dublin: Treasury Holdings, which led the development of Convention Centre Dublin, has hailed today's opening of the facility as a landmark day for Dublin and Ireland.

Daily Mail - REO makes progress on financial restructuring Read more…

Irish Examiner- THE capitals latest land-mark opened its doors for business yesterday, some 20 years after the idea was first mooted.

Sunday Business Post - Spencer Dock to host largest ever lawyers' convention By Kieron Wood

After years of work and almost €725 million in investment, two major new venues have opened their doors this month.

8th June 2010

Irish Daily STAR- MAJOR operator Vue is to build a nine-screen cinema in north Dublin, at the €800 million Spring Cross Centre in Ballymun.

Irish Times- Multiplex cinema to open in Ballymun.

Sunday Tribune Business- VUE TO OPEN CINEMA IN NEW BALLYMUN CENTRE 

Social housing deal for Spencer Dock Treasury Holdings has signed an agreement with Dublin City Council to develop 112 units of social housing in Dublin's Spencer Dock.

Sunday Tribune Business- ENGLISH HERITAGE BACKS TREASURY'S BATTERSEA PLAN Ian Guider TREASURY Holdings' bid to revamp London's iconic Battersea power station has received a boost with the English Heritage adding its support to the project.

Irish Times Go- New drive to pull business buck as convention centre opening nears. TOURISM IRELAND is to embark on a major marketing drive to attract business tourists in advance of the opening.

Sunday Business Post Special Supplement- Capitalising on a new venue Dublin's new convention centre is already bringing more international conference traffic to Ireland. 

Irish Independent- Treasury had big role in Docklands development many people may never have heard of the company, but just look to Dublin's Docklands and Treasury Holdings has had a hand in building big chunks of the business hub.

Construction & Property News- The Alto Vetro residential tower was recently awarded the Royal Institute of British Architects (RIBA) International Award for 2009, the Opus Architecture and Construction Award 2009 and The Chicago Athenaeum International Architecture Award 2009. 

Irish Times- TREASURY HOLDINGS is to submit revised plans for one of Dublin's biggest hotels

RTE- Irish Colleges' rugby was given a boost today with the announcement that Treasury Holdings has initiated an Irish Colleges Players of the Year Award to recognise outstanding merit and achievement in student rugby.

Metro- TRANSPORT Minister Noel Dempsey yesterday hailed a new Luas extension as a shining example of the country's can-do attitude. The  €90 million project takes the existing Red Line through the heart of Dublin's Docklands to The O2 venue.

Irish Examiner- Convention Centre bookings high Dublin: With just under a year to go before opening, the Convention Centre Dublin has 200,000 international delegate days book, which helps support Ireland's business tourism goal of €1 billion by 2013, based on research by Ireland.

Irish Independent- The Convention Centre Dublin Confirmed Over 200,000 International Delegate Days Economic impact of confirmed venue bookings to date already estimated at €62 million.

Irish Arts Review- This year's Chicago Athenaeum Museum of Architecture and Design International Architecture Awards.

Treasury Holdings China has become Asia's first carbon neutral real estate company because of its success in reducing greenhouse gas emissions from its operations.

Construction and Property- Real Estate Opportunities (REO) has secured full planning permission for the €800m regeneration of Ballymun Town Centre in north Dublin.

Evening Standard- After more than 30 years and numerous abandoned renovation plans, Battersea Power Station may finally be getting its facelift.

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Daily Telegraph- The largest ever planning application in central London will be submitted today when Ireland's Real Estate Opportunities and Treasury Holdings unveils a radical blueprint for the long- heralded redevelopment of Battersea Power Station.

London Lite- Developers today submitted an application for planning permission to turn the listed Battersea power station's site into a £5.5bn residential complex.

Irish Times- Capital could in future have 66% of State's high-value jobs  Dublin will have 1.7 million people within 20 years and will need 300,000 more homes.

Dublin to be driver of economic growth by 2020.

Irish Examiner- A LEADING development company claimed yesterday  that it would  create  2,000  construction  jobs next  year  in  ambitious regeneration plans  for a once-deprived Dublin suburb.

Irish Daily Star- A TOP development firm is to create 2,000 construction jobs in ambitious regeneration plans for a once-deprived Dublin suburb.  The €800 million project in Ballymun is the largest of its kind ever accepted by planners and includes shops, apartments and offices centred around the planned Metro line. 

Irish Times- IRISH  DEVELOPER Treasury Holdings said yesterday that it hopes to begin work on the first phase of  the Ballymun  Town Centre regeneration in 12 months time if it can pre-let the facility and  secure funding of €40 to €50 million for the building costs.

Evening Herald- MORE than 10,000 jobs could be created with the construction of the Ballymun Town Centre, it was predicted today. Investment company, Treasury Holdings, said that the green light has been given for the construction of the €800m town centre.

Northside People West- The long wait for IKEA is over and despite some pre-opening  scaremongering the first days were trouble free for the thousands of shoppers who descended on Ballymun.

Irish Construction Industry Magazine- The construction team at one of Dublin's tallest buildings at Grand Canal Dock took just four and a half weeks to get to the necessary 15 storeys with the help of  concrete slipforming, according to the project team last month.