, , ,

South docklands office block makes €6.9m profit in 14 months

Hibernia Reit has sold a south docklands office block for €6.9 million more than it paid for it 14 months ago. The sale, in which Bannon acted for the vendor and Knight Frank for the purchaser, is to a German pension fund which has secured an initial yield of 4.65%. This off-market transaction underlines the […]

, , ,

Davy fund buys majority stake in Navan Town Centre for bargain €43m

A majority stake in Navan town Centre, which was on the market in 2016 for €62 million, has just been bought for about €43 million. However, the off-market sale, which was handled by Rod Nowlan of Bannon and has just received clearance from competition authorities, did not include a residential element valued at less than €5 million […]

,

Dublin logistics facility owned by Iput set for €3m refurbishment

Iput is to invest about €3 million refurbishing a large logistics facility it has just acquired for €19 million beside Dublin Airport. The acquisition is sizeable and significant in terms of the industrial market, which has been experiencing renewed interest from investors due to growth in online retailing. Refurbishment works are already under way at […]

, , ,

Panda Waste owner acquires stake in north Dublin shopping centre

Businessman Eamon Watters, owner of Panda Waste, one of Ireland’s largest waste collection and recycling companies, has acquired a substantial stake in Charlestown Shopping Centre at junction five of the M50 in north Dublin. The acquisition was made through an investment vehicle called Garristown Venture Holdings. The large-scale shopping centre and an adjoining site with […]

, ,

Trailfinders top bidder for its own HQ on Dawson Street

Further signs of fast growing property values in Dublin’s Dawson Street emerged this week with the sale of the Trailfinders building for a full 60% above the guide price. David Carroll of Bannon is delighted to have advised Trailfinders on their acquisition. Agent Cushman & Wakefield initially invited offers of more than €7.75 million for the holiday booking premises […]

, ,

Cinema group Vue expands its Irish operations

Vue, the chain which owns a 3,800 seater cinema at Liffey Valley in Dublin, has acquired the cinemas of Irish rival Showtime for an undisclosed sum. Showtime operates cinemas in Limerick and Ashbourne with 13 screens and more than 2,200 seats between them. Recently filed accounts for the holding company of these cinemas, Showtime Cinemas Limited, show […]

,

Davy seeks to double size of Irish property fund

Davy’s Irish Property Fund, where holdings include a controlling stake in the Nutgrove Shopping Centre in Rathfarnham in south Dublin, is understood to be seeking fresh investment as it plans to double in size over the next three years from its current value of €284 million. The fund, which Davy inherited when it took over Prescient […]

, ,

Smyths Toys to buy Toys ‘R’ Us German and Austrian stores

Smyths Toys, the fast-growing Galway-based retail group, has agreed a deal to buy the Toys ‘R’ Us business in Germany, Austria and Switzerland. It is Smyths’ first foray into mainland Europe. The deal will see the Irish business buy 93 shops and four online stores. Investment bank Lazard was hired to find buyers for several […]