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 […]
Bannon has recently completed the disposal of an industrial facility in Airways Industrial Estate, Santry. The building, which was sold with vacant possession, extends to 4,139 sq.m (44,552 sq.ft) and comprises a four bay warehouse with ancillary offices. The property was offered for sale at €1.25m and following strong interest during the marketing campaign a […]
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 […]
Commercial agents Bannon are quoting €3.7 million for a high-profile retail warehouse investment at Letterkenny, Co Donegal, which it said will provide a net income yield of 11%. The 2,804 sq.m (30,203 sq.ft) warehouse is occupied by Currys PCWorld and Crown Paints at a combined current rent of €428,000 and a weighted average lease term […]
Bannon has recently completed the sale of an extensive 45,500 sq.ft warehouse/distribution centre in Naas Enterprise Park, Co. Kildare (formerly Toughers Industrial Estate). The modern facility was let to Pharmapac Ltd at an annual rent of €132,000 from April 2015. The sale price equates to an net initial yield of just over 10% to the […]
The latest IPD/SCSI Ireland Quarterly Property Index shows total returns for Q2 to have closed at 3.1%, bringing the 12-month return to 19.5%
In one the first industrial transactions of 2015 Bannon has completed the sale of Oakwest House in Western Business Park, Dublin 12. The purchase price of €2.85m equates to just over €50 psf.
Bannon has secured a new tenant for a modern warehouse unit extending to 9,450 sq.ft at Unit 6.2 Woodford Business Park, Santry. Hella Group, the global car parts manufacturer, has agreed a letting of Unit 6.2 to cater for expanded product lines in the Irish market and to secure the company’s future growth.
Trade data for the first five months of 2014 show that exports volumes grew by 4.3% on the same period in 2013. Indicators suggest that the Irish manufacturing sector has benefited from stronger external demand, particularly from the UK.
Barclays Bank has won the £335m whole loan financing mandate for Oaktree Capital Management and Patrizia Immobilien’s joint acquisition of the three-strong MEPC UK business parks portfolio.
