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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 […]

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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 […]

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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 […]

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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 […]

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Hines completes €165m purchase of high-profile Dublin city centre site

International real estate investor Hines has completed the acquisition for €165m of Chatham & King, a high-profile mix of offices, shops and apartments next to the Gaiety Theatre on South King Street in Dublin city centre. In acquiring the scheme from US private equity giant Lone Star, Hines fended off three rival bids. Two of […]

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US equity firm to complete The Square shopping centre purchase

The US private equity giant Oaktree has made arrangements to complete the purchase of a controlling interest in The Square shopping centre in Tallaght, Co Dublin, tomorrow. The €250 million sale by Indego and Nama was one of the largest retail transactions in Ireland in 2017. The 27-year-old shopping centre – Ireland’s largest when it first opened – registered some […]

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Hibernia acquires South Docks office for €28.7m

Hibernia REIT plc (“Hibernia”) announces that it has exchanged contracts to acquire 77 Sir John Rogerson’s Quay (“77 SJRQ”) for €28.7m. 77 SJRQ is a six storey office building of 34,400 sq.ft with 20 basement car parking spaces which was constructed in 2004. The building is situated towards the eastern end of Dublin’s South Docks […]

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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 […]