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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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Charlestown shopping centre in Dublin on market for €35.5m

One of the last large scale shopping centres to be offered for sale on the instructions of Nama – Charlestown Shopping Centre at Junction 5 of the M50 in north Dublin – is expected to be of interest mainly to US private equity funds and a mixture of Irish and overseas companies planning to strengthen their position […]

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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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Two retail centres in D15 and one in D18 for sale for €5.85m and €1.9m

Two neighbourhood centres at Rathbourne in Ashtown, Dublin 15, and another one at Stepaside in Dublin 18, are expected to attract a considerable interest when they are offered for sale in two separate lots through the Bannon agency. David Carroll of Bannon is seeking €5.85 million for two shopping facilities at Rathbourne and €1.9 million for the Stepaside centre. Castlethorn Development developed […]

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Big block of Temple Bar goes on sale for €11.75m

One of the key retail blocks in Dublin’s busy Temple Bar, including the hugely successful Elephant & Castle restaurant, is to be offered for sale at €11.75 million. At that valuation, the next owner can bank on an income yield of 5.7%. Ardstone Capital, the Dublin-based private investment manager that bought the portfolio in summer 2014 […]

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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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Retail warehouse in Letterkenny for sale for €3.7m

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 […]

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Industry remains positive despite political uncertainty – MIPIM 2017

MIPIM 2017 – Real estate industry has remained positive, recognising the long-term importance of globalisation, diversification and the key megatrends shaping society.