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Cosgrave Property Group

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Cosgrave Property Group
IndustryReal estate, Property developments
Founded1979 in Dublin
Key people
Joseph Cosgrave, Michael Cosgrave

The Cosgrave Property Group is an Irish property development company established by brothers Joseph, Michael, and Peter Cosgrave. It currently has loans from the National Asset Management Agency.[1]

The group is also known as Cosgrave Developments[2] and is a subsidiary of Borg Developments.[3]

History

[edit]

The company was established in 1979 by the brothers Joseph, Michael and Peter Cosgrave, sons of Jack Cosgrave, also a notable property developer.[4]

In 2007 the company won the Irish Developer of the Year Award[2] at the award event organised by UK property magazine Property Week.[5]

In 2014 Cosgrave has sold to Green REIT a €384.4 million worth portfolio, comprising office buildings at Georges Quay and George's Court, Dublin 2 and retail and commercial space in Westend Retail Park, Blanchardstown.[6]

In September 2016 the company has announced plans to build a new office building called The Exchange. A€60m million funding was provided by Irish investment fund IPUT.[7]

In 2016, the company sold 197 apartments at Neptune, Honeypark to SW3 Capital-Tristan Capital Partners for €72.5m. The following year, the Cosgraves sold 319 apartments at the Leone and Charlotte buildings at Honeypark to Patrizia for €132m.[8]

Property

[edit]
  • Belville, Donnybrook, Dublin, Ireland.[2]
  • Morehampton Square, Donnybrook, Dublin, Ireland.[2]
  • Donnybrook Manor, Donnybrook, Dublin, Ireland.[2]
  • Sweepstakes and Shrewsbury, Ballsbridge, Dublin, Ireland.[2]
  • Chesterfield, Castleknock, Dublin, Ireland.[2]
  • Custom Hall, Gardiner Street, Dublin, Ireland (1992).[2]
  • St. Helen's, Booterstown, Dublin, Ireland. Currently operated as a Radisson Hotel. (1996 IEP£2m)[9]
  • Ardilea Wood, Clonskeagh, Dublin, Ireland (2000). Noted as the first development of IEP£1m houses in Ireland.[2]
  • The 78 acre former site of the Dun Laoghaire Golf Club on Glenageary Road, Dublin, Ireland.[10] (2002 EUR€20m[11])
  • George's Quay office complex, Dublin, Ireland.[4]
  • Caxtongate retail and office complex, Birmingham, United Kingdom. (Bought 2006 GBP£78.8m, Sold 2011 approx. 25% for £16m / €18.23m).[12]
  • Liberty shopping centre, Romford, Essex, United Kingdom, (2006 GBP£281m[13] / EUR€415m[4]).
  • 301–307 Oxford Street, London, United Kingdom. (2007 GBP£86.5m / EUR€124m)[14]
  • Jubilee House, 197–213 Oxford Street, London, United Kingdom. (Sold 2011 GBP£165m[15]).
  • 215–219 Oxford Street, London, United Kingdom. (Sold 2011 GBP£55.1m[15]).
  • Cedarview, Northwood, Santry Demesne, Dublin, Ireland

References

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  1. ^ McQuinn, Cormac (12 December 2011). "State pays rent millions to NAMA developers". Dublin: Independent. Retrieved 13 January 2012.
  2. ^ a b c d e f g h i O'Donoghue, Cliodhna (30 November 2007). "Cosgrave brothers named top developers". The Irish Independent. Dublin. Retrieved 14 January 2012.
  3. ^ Oliver, Emmet (10 March 2011). "Upbeat Cosgrave builds up profit of €8.9m". Dublin: Independent. Retrieved 14 January 2012.
  4. ^ a b c Brennan, Ciaran (3 September 2006). "Building on their wealth in the new Ireland". Dublin: Independent. Retrieved 13 January 2012.
  5. ^ Property Week Awards 2007
  6. ^ Ltd, Insider Media. "Green REIT acquires major Dublin portfolio". Retrieved 7 February 2017.
  7. ^ "Cosgrave to build new 105,000sq ft office building for €60m". The Irish Times. Retrieved 7 February 2017.
  8. ^ "Cosgrave apartments set to sell for over €100m". The Irish Independent. 31 January 2019. Retrieved 18 April 2019.
  9. ^ O'Donoghue, Cliodhna (4 May 1998). "SAS operates St Helens". Dublin: Independent. Retrieved 13 January 2012.
  10. ^ Dun Laoghaire Golf Club History
  11. ^ O'Brien, Tim (1 April 2011). "Dún Laoghaire golf club site to be torn down". The Irish Times. Dublin. Retrieved 13 January 2012.
  12. ^ "London Irish sell up their holdings". The Irish Times. Dublin. 2 June 2011. Retrieved 13 January 2012.
  13. ^ Parkinson, Gary (22 August 2006). "Hammerson sells Essex shopping centre for £281m". The Independent. London. Retrieved 13 January 2012.
  14. ^ "Cosgraves splash €124m on London high street". Dublin: Independent. 13 October 2007. Retrieved 13 January 2012.
  15. ^ a b "Cosgrave makes tidy profit on Oxford Street". The Irish Times. Dublin. 26 May 2011. Retrieved 13 January 2012.
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