The Cosgrave Property Group is an Irish
property development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...
company established by brothers Joseph, Michael, and Peter Cosgrave. It currently has loans from the
National Asset Management Agency
The National Asset Management Agency (NAMA; ga, Gníomhaireacht Náisiúnta um Bhainistíocht Sócmhainní) is a body created by the government of Ireland in late 2009 in response to the Irish financial crisis and the deflation of the Irish pr ...
.
The group is also known as ''Cosgrave Developments''
and is a subsidiary of ''Borg Developments''.
History
The company was established in 1979 by the brothers Joseph, Michael and Peter Cosgrave, sons of Jack Cosgrave, also a notable property developer.
In 2007 the company won the ''Irish Developer of the Year Award''
at the award event organised by UK property magazine
Property Week
''Property Week'' is a UK business-to-business magazine which reports on the worldwide commercial and residential property market. It reports news, features and analysis and the latest information from the industry - from development opportuniti ...
.
In 2014 Cosgrave has sold to Green REIT a €384.4 million worth portfolio, comprising office buildings at
Georges Quay
George's Quay is a street and quay in Dublin on the southern bank of the River Liffey. It is located between Burgh Quay and Hawkins Street to the west, and City Quay and Talbot Memorial Bridge to the east.
History and development
Though ear ...
and George's Court, Dublin 2 and retail and commercial space in Westend Retail Park,
Blanchardstown
Blanchardstown () is a large outer suburb of Dublin in the modern Counties of Ireland, county of Fingal, Ireland. Located northwest of Dublin city centre, it has developed since the 1960s from a small village to a point where Greater Blanchards ...
.
In September 2016 the company has announced plans to build new office building called The Exchange. A€60m million funding was provided by Irish investment fund IPUT.
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.
Property
* Belville, Donnybrook, Dublin, Ireland.
* Morehampton Square, Donnybrook, Dublin, Ireland.
* Donnybrook Manor, Donnybrook, Dublin, Ireland.
* Sweepstakes and Shrewsbury, Ballsbridge, Dublin, Ireland.
* Chesterfield, Castleknock, Dublin, Ireland.
* Custom Hall, Gardiner Street, Dublin, Ireland (1992).
*
St. Helen's, Booterstown, Dublin, Ireland. Currently operated as a Radisson Hotel. (1996 IEP£2m)
* Ardilea Wood, Clonskeagh, Dublin, Ireland (2000). Noted as the first development of IEP£1m houses in Ireland.
* The 78 acre former site of the Dun Laoghaire Golf Club on Glenageary Road, Dublin, Ireland. (2002 EUR€20m)
* George's Quay office complex, Dublin, Ireland.
* Caxtongate retail and office complex, Birmingham, United Kingdom. (Bought 2006 GBP£78.8m, Sold 2011 approx. 25% for £16m / €18.23m).
*
Liberty shopping centre
The Liberty Shopping Centre is a covered shopping centre in Romford, the largest such centre in the town. It was originally built in 1968 and underwent a four-year redevelopment completed in 2003. The centre takes its name from the former Libert ...
, Romford, Essex, United Kingdom, (2006 GBP£281m / EUR€415m
).
* 301–307 Oxford Street, London, United Kingdom. (2007 GBP£86.5m / EUR€124m)
* Jubilee House, 197–213 Oxford Street, London, United Kingdom. (Sold 2011 GBP£165m
).
* 215–219 Oxford Street, London, United Kingdom. (Sold 2011 GBP£55.1m
).
* Cedarview, Northwood, Santry Demesne, Dublin, Ireland
References
{{reflist
Property companies of Ireland
Irish companies established in 1979
Real estate companies established in 1979
Irish businesspeople in real estate