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Industrial Acquisition at Aerodrome Business Park

Despite the well documented shortage of prime industrial accommodation throughout Dublin, Bannon are pleased to have advised the purchaser of this modern warehouse facility at Unit J Aerodrome Business Park, Rathcoole.  The 20,000 sq ft detached building is situated on a 1.1 acre site with 9.2m eaves height within the warehouse.  The acquisition, which progressed […]

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Stephen’s Green Shopping Centre bought by Davy for €175m

A fund managed by Davy Real Estate has paid a total of about €175 million for Stephen’s Green Shopping Centre in Dublin. The completion of the transaction in recent days gives the Davy investors full control of the shopping centre, following a period of nearly 13 years in which it had been owned jointly by […]

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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 […]

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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 […]

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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 […]

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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 […]