Cathedrals of Commerce

Cross posting 😉

I think everyone was dumbstruck by Bush’s claim that US corporates shipping jobs to China and India was good for the US economy.

http://www.onbusiness.ie/2004/0217/cardinal.html

More specifically “However, the company said that it has become clear that its strategy to grow its global business through acquisitions is more favourable and successful that constructing a new facility.”

Mergers and acquisitions are back with a vengence this year as depressed prices make them cheaper than new build.

I am still bullish on the GDA if not the rest of the country, it can offer a lot of most of the qualities of London at quite a substantial discount to employers.

London, New York, Singapore and Tokyo are really pulling away as quality world cities in recent years. Places like Frankfurt and Paris are becoming ever more secondary in this globalised game.

If Dublin got its act together with a decent Metro and a few landmark office developments in the docklands it could capitalise on the next wave of mobile capital. Which is really chomsky talk I know but there are always winners as well as losers in every game. :rolleyes:

But if you don’t invest your not at the table, Sandyford will never attract serious front office operations :confused:

A very negative view of the situation.

I don’t agree with any of it except that the extent of the deficit is worrying and needs correction. Which is very hard to do in an election year without damaging the feel good factor.

Indicators such as the Philedelphia Semiconductor index are showing resilience and Dell released record numbers last week.

The problem I see is a lack of investment on this side of the pond. 😡

Going on that there are’nt enough troops to engage in brush fire control. Not even Joe Higgins would go that far!!!!!!!!!

But back to the point, it could be argued that there are great simularities between 1994 and 2004 for the Irish property/construction scene.

There is a bit of vacancy a lot of infrastructural works and the house building sector dominating. Investment is slow but another good year in the US and it could speed up dramatically.

The problem is that unlike 1994 the economy is unable to attract the lower value jobs such as customer service call centres for hotels etc.

The one thing that the economy still has is the lowest corporation tax in the OECD and tarriff free entry to the worlds largest economy (EU) The hope is that companies that anticipate a highly profitable process will locate here. However I doubt that the Sandyford lifestyle is likely to attract the professionals to work in these industries/professional services.

A mixed use high-quality urban quarter is required, if growth is to be delivered.

Quote “just provide a very, very limited amount of office space in Georgian terraces in Dublin city. Which haven’t changed since the 1800s.”

The advent of the Commercial Chambers in Edwardian times broke the stranglehold of Georgian Dublins grip on office space.

Culturally ‘Commerce’ wasn’t really respectable until the 1920 as such. These chambers became much more widespread in the 1920’s as buildings suchas the Burton Buildings and Shamrock Chambers opened on Dame St and 19 College Green or Pen corner opened also during this decade.

Prior to this Lawyers hung out in the 4 courts or incorporated law Society and practiced from home. There was no real auditing process but more tax collected. Banks were fortressess and all thew stock brokers were within a block of Anglesea St.
Industrial giants such as Guiness’s had their offices on the production site.

The Bull run in US equities between 1925-29 changed all that as greed became fashionable in public for the first time.

De Velera’s economic policies protected the built heritage until about the 1960’s when supplying mohair suits became the best earner in town.

Quote “I guess they would be more likely to be housed in a high tech Sandyford office in front of computers all day long.”

Before they both spend at least 90 mins fighting their way through traffic to their houses in places like Rathcoole and Kinnegad.

The great thing about working in a town centre are all the amenities on your doorstep. Friday evening comes in Sandyford and because you are driving your options become limited.

While the commercial office rates are good for Dunlaoire the reduced commercial retail/leisure rating base must be a cause for concern.

That thread is indicative of the multi-disciplinary nature of the built environment field these days.

Many skills sets that have little appreciation of the others process of thought. But like everything else discussion is the only way to bring it forward.

I’m sure that a QS wouldn’t have been long spotting the balcony floor specs and adding up its effect on the overall cost.

The rating base is an expression used in local government economics to descibe the total number of buildings that are occupied by various businesses upon which commercial rates can be levied by a local authority. 😉