Cosgrave Property Group
{{Short description|Irish construction company}}
{{Use dmy dates|date=July 2019}}
{{EngvarB|date=July 2019}}
{{Infobox company
| name = Cosgrave Property Group
| logo = Cosgrave_Property_Developments.jpg
| founded = 1979 in Dublin
| key_people = Joseph Cosgrave, Michael Cosgrave
| industry = Real estate, Property developments
}}
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.{{cite news|url=http://www.independent.ie/national-news/state-pays-rent-millions-to-nama-developers-2960715.html|title=State pays rent millions to NAMA developers|date=12 December 2011|publisher=Independent|accessdate=13 January 2012|location=Dublin|first=Cormac|last=McQuinn}}
The group is also known as Cosgrave Developments and is a subsidiary of Borg Developments.{{cite news|url=http://www.independent.ie/business/irish/upbeat-cosgrave-builds-up-profit-of-89m-2573641.html|title=Upbeat Cosgrave builds up profit of €8.9m|date=10 March 2011|publisher=Independent|accessdate=14 January 2012|location=Dublin|first=Emmet|last=Oliver}}
History
The company was established in 1979 by the brothers Joseph, Michael and Peter Cosgrave, sons of Jack Cosgrave, also a notable property developer.{{cite news|url=http://www.independent.ie/opinion/analysis/building-on-their-wealth-in-the-new-ireland-134156.html|title=Building on their wealth in the new Ireland|date=3 September 2006|publisher=Independent|accessdate=13 January 2012|location=Dublin|first=Ciaran|last=Brennan}}
In 2007 the company won the Irish Developer of the Year Award{{cite news|url=http://www.independent.ie/unsorted/property/cosgrave-brothers-named-top-developers-1233201.html|title=Cosgrave brothers named top developers|date=30 November 2007|work=The Irish Independent|accessdate=14 January 2012|location=Dublin|first=Cliodhna|last=O'Donoghue}} at the award event organised by UK property magazine Property Week.[http://www.propertyweek.com/news/irish-property-awards-winners/3101384.article Property Week Awards 2007]
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.{{Cite news|url=https://www.insidermedia.com/insider/ireland/116662-|title=Green REIT acquires major Dublin portfolio|last=Ltd|first=Insider Media|access-date=7 February 2017}}
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.{{Cite news|url=http://www.irishtimes.com/business/commercial-property/cosgrave-to-build-new-105-000sq-ft-office-building-for-60m-1.2800542|title=Cosgrave to build new 105,000sq ft office building for €60m|newspaper=The Irish Times|access-date=7 February 2017}}
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.{{Cite web|url=https://www.independent.ie/business/commercial-property/cosgrave-apartments-set-to-sell-for-over-100m-37766594.html|title=Cosgrave apartments set to sell for over €100m|website=The Irish Independent|date=31 January 2019 |access-date=18 April 2019}}
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){{cite news|url=http://www.independent.ie/unsorted/property/sas-operates-st-helens-444260.html|title=SAS operates St Helens|date=4 May 1998|publisher=Independent|accessdate=13 January 2012|location=Dublin|first=Cliodhna|last=O'Donoghue}}
- 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.[http://www.dunlaoghairegolfclub.ie/Home/History.aspx Dun Laoghaire Golf Club History] (2002 EUR€20m{{cite news|url=http://www.irishtimes.com/newspaper/ireland/2011/0401/1224293540919.html|title=Dún Laoghaire golf club site to be torn down|date=1 April 2011|newspaper=The Irish Times|accessdate=13 January 2012|location=Dublin|first=Tim|last=O'Brien}})
- 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).{{cite news|url=http://www.irishtimes.com/newspaper/property/2011/0602/1224298255814.html|title=London Irish sell up their holdings|date=2 June 2011|newspaper=The Irish Times|accessdate=13 January 2012|location=Dublin}}
- Liberty shopping centre, Romford, Essex, United Kingdom, (2006 GBP£281m{{cite news|url=https://www.independent.co.uk/news/business/news/hammerson-sells-essex-shopping-centre-for-163281m-412904.html|title=Hammerson sells Essex shopping centre for £281m|date=22 August 2006|work=The Independent|accessdate=13 January 2012|location=London|first=Gary|last=Parkinson}} / EUR€415m).
- 301–307 Oxford Street, London, United Kingdom. (2007 GBP£86.5m / EUR€124m){{cite news|url=http://www.independent.ie/business/irish/cosgraves-splash-124m-on-london-high-street-1166245.html|title=Cosgraves splash €124m on London high street|date=13 October 2007|publisher=Independent|accessdate=13 January 2012|location=Dublin}}
- Jubilee House, 197–213 Oxford Street, London, United Kingdom. (Sold 2011 GBP£165m{{cite news|url=http://www.irishtimes.com/newspaper/property/2011/0526/1224297780681.html|title=Cosgrave makes tidy profit on Oxford Street|date=26 May 2011|newspaper=The Irish Times|accessdate=13 January 2012|location=Dublin}}).
- 215–219 Oxford Street, London, United Kingdom. (Sold 2011 GBP£55.1m).
- Cedarview, Northwood, Santry Demesne, Dublin, Ireland