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Read Jill Kerby's article "A Question of Money" from the Sunday Times, 13 May 2012, in which John Hogan was quoted.

Watch John Hogan's presentation below or click here to see the slides.

A valuation order was signed into effect on 5 May 2011 and provides for the valuation of approximately 26,000 commercial properties in the Dublin City area.

As stated by the Valuation Office, “the purpose of the revaluation is to bring more equity, fairness and transparency into the Local Authority rating system”. The revaluation may however have a significant effect on the...

Budget 2012 delivered the hammer blow to many retailers hopes on rent negotiations.  The failure of the government to deliver on their promised revisions to Upwards Only Rent Reviews means that retailers have gone back to the trenches to continue the fight for rent reductions.  With no government intervention coming, retailers are looking at a small suite of options when they want to...

Since Q4 2011 we have begun to see the appointments of a new breed of seller in the Irish property market – the Fixed Charge Receiver. 

What is a Fixed Charge Receiver?

A Fixed Charge Receiver usually appears on the insolvency of an owner of real property or other valuable secured assets. The Receiver will usually have powers to realise assets and collect rent. Unlike...

Commercial Property - Advising UK Equity Fund in purchase of apartment block in Dublin 4

Commercial Property - Acting for Receiver in sale of several properties. 

For the last two or three years banks have been reluctant to formally appoint Receivers over bad loans.  Since the summer however we have seen a marked upwards trend in appointments, especially in Fixed Charge Receiverships, a relatively new phenomenon in Ireland but very similar to LPA Receivers in the UK.  Essentially these are "stripped down" Receiverships where the lender...

The National Asset Management Agency Act ("NAMA") came into operation in December 2009. However, in the 2 years since its formation what has NAMA accomplished and what tasks has it yet to complete? The first step faced by NAMA was in the valuation of the properties and loans assigned to it. This required the completion of extensive legal due diligence. Subsequent to this a review of...

Pending legislation is set to provide amnesty to suffering tenants against more restrictive leasehold clauses and rent agreements. We understand the new Bill which will enable leaseholders to contest contract terms and challenge upwards only rent review clauses, is due before cabinet in the next 4 weeks. Where it is shown that a tenant's present rent "is a cause of distress to their...