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PTSB bank branch in D2 sells for €1.5m

A PTSB bank branch at 4 Upper Baggot Street, Dublin 2, has been sold as an investment for €1.5 million. The Georgian terrace building is internally linked with the adjoining corner building fronting on to both Haddington Road and Upper Baggot Street. PTSB’s lease has another eight years to run on a rent of €102,500. […]

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Prime Temple Bar retail block sells for €11.2m

The busiest retail block in Dublin’s Temple Bar area, including the Elephant & Castle restaurant, has been bought by a fund managed by Davy Real Estate. The €11.2 million paid for the Crampton Buildings is almost €3 million more than they made just over three years ago when they were acquired by the Dublin-based investment manager Ardstone […]

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Acquisition at Airton Road, Tallaght

Bannon has recently completed the acquisition of a newly refurbished industrial facility at Airton Road, Tallaght on behalf of Tennants Building Products Ltd.  The building, which was previously part of the extensive former Jacobs Manufacturing facility, extended to 4,600 sq.m (49,500 sq.ft).  It had undergone a substantial renovation programme by the vendor to include re-cladding […]

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Great article from Bannon’s Capital Markets Director in today’s Irish Times

Fears about the future of global retail are permeating all markets, and no more so than the property sector. Foremost among concerns is the impact of the internet and autonomous private vehicles and drones and other autonomous delivery systems. These issues have and will continue to have an impact on the role of the lowly […]

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Irish retail stock weathering revolution in shopping habits

Fears about the future of global retail are permeating all markets, and no more so than the property sector. Foremost among concerns is the impact of the internet and autonomous private vehicles and drones and other autonomous delivery systems. These issues have and will continue to have an impact on the role of the lowly […]

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Purchase of No. 49/50 Mary Street, Dublin 1

Daniel McLaughlin of Bannon has recently acquired No. 49/50 Mary Street, Dublin 1 on behalf of a private investor. The mixed use freehold property is understood to be producing a rental income of €182,000 per annum with a WAULT over 12 years.  The property comprises of a three storey over basement mid-terrace building extending to […]

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A fifth of shopping centres in Ireland have been sold since 2013

Approx. 20% of Ireland’s shopping centre stock has changed hands since 2013 and this includes six of the country’s top 10 centres in terms of size.

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Hibernia buys three office blocks in Dublin for €51m

Property investment group Hibernia Reit has acquired three office buildings close to Lower Mount Street in Dublin 2 for €51m.

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Irish investor buys Navan shopping centre for €4.1m

The off-beat Beechmount shopping centre in Navan has been sold to an Irish investor for €4.1m in a deal that will show an immediate income yield of 10%.

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Irish Life acquires Limerick’s top performing retail park

Irish Life outbids Euromillions winner Ms Dolores McNamara to acquire Limerick’s top performing retail park, Childers Road Retail Park.