Opening Bell: Facebook vs "fake news", rising office rent, new hotel planned for Andrew's Lane

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Dublin office rents could hit a new record high of €67 per square foot by 2018, according to new research from Savills property agents.

Rents for top-quality offices in prime locations in the capital stand at approximately €60 per sq ft, the Irish Times reports, with growth slowing this year.

Despite the rapid rental growth of recent years not being repeated, director of research John McCartney is predicting that headline values will reach €63 per sq by this time next year.


An Taoiseach has ruled out trying to negotiate a side deal with the UK before the start of the official Brexit talks.

Enda Kenny says Ireland will not be allowed to try and sign a deal with Britain, despite calls from politicians there.

A House of Lords committee has recommended that a side deal would be the best way to ensure the Northern Ireland border remains open.

Kenny, however, says it wasn't discussed at an EU summit last night - and can't be anyway:

"That wasn't referred to. Obviously we have an intense engagement with officials in Northern Ireland - North South Ministerial [Council] at senior officials level, and obviously I hope to talk to the prime minister in due course about events that are taking place.  


A new 155-bedroom "compact luxury" hotel could be coming to the site of the former Andrew's Lane Theatre in Dublin, the Irish Times reports.

Appalachian Property Holdings has applied for planning permission for the Trinity Street venture, with a total investment (including site purchase) of €21 million in the works.

Bedrooms would be compact in size at 14 or 15 sq m and there are no plans for a restaurant or bar. It would involve the demolition of the old theatre, which has primarily been used as a night club in recent years.


Facebook says it is creating new tools to try to stop the spread of so-called "fake news" on the platform.

The social media giant had been criticised for not being able to prevent the circulation of false articles in the run-up to the US presidential election.

As a result, it will now start fact-checking the authenticity of stories with the help of media organisations such as Snopes and ABC News, and subsequently labelling suspect articles and burying them in its News Feed.