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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.

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Returns on Irish Commercial Property Increase 12.4% in 2016

The market picked up across all property types in Q4 following a lull in Q3, with industrial leading the way with a total return of 4.6% on quarter bringing annual returns to 19.3% year-on-year.

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More than €20m to be spent on next phase of Galway’s Gateway Shopping Park

The pent up demand for spacious new stores in Galway is finally to trigger a further round of construction activity.

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Dublin’s Ilac Centre’s €1.5m revamp to be complete by this summer

Hammerson and Irish Life have started the works – which will see the creation of five new units – at the well known shopping centre. The centre is adjacent to Henry Street, Ireland’s busiest shopping street and is home to 85 retail and catering units, including H&M, River Island, and Argos. New brands introduced to […]

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Paddy Power premises could be a good bet with 8.40% return

Bannon is selling for €950,000 what it describes as a “nice compact Paddy Power investment” in the centre of Shankill Village in south Co Dublin.