At a Glance: Investment Market Q4 2020
Last minute residential deal tips market over €3bn.
Retail parks seize opportunity presented by High Street’s difficulty
It’s difficult to imagine things getting any worse for the retail sector than they did in 2020. But the chief driving force behind the decline of investor interest began long before Covid-19 arrived. There has been growing concern in relation to the impact of online retail and changing consumer trends on the long-term supply-demand dynamic […]
ESB exchange on landmark office development in Dublin
ESB have today, Thursday 12 November 2020, confirmed that Amundi Real Estate, a French Asset Manager, has successfully exchanged on Fitzwilliam 28, a prime office development in the heart of Dublin’s traditional central business district on behalf of a fund under management. Currently in the final stages of construction, Fitzwilliam 28 has been entirely pre-let […]
At a Glance: Investment Market Q3 2020
David Carroll, Investment Director – “Q3 2020 turnover of €681m continued to illustrate the domination of PRS investment versus other asset classes with circa. 70% of value attributed to the sector. Covid-19 impacts continue to effect the supply and demand factors of traditional investment sectors. There is now close to €2bn of office product being […]
At a Glance: Investment Market Q2 2020
David Carroll, Investment Director – “Q2 turnover of €430m reflected the impact of C-19 on the commercial market. 20 deals were completed with 78% of turnover attributable to just four transactions”.
Hibernia REIT upbeat on Dublin office market
Hibernia REIT has made two acquisitions in recent months as it bought assets next to properties it already owns. In a trading update covering the period from October to today, the commercial property firm said it spent €2.5m on the two acquisitions. Hibernia REIT also said it was in negotiations with tenants to take 56,000 […]
Eason puts Blanchardstown Centre store on the market for €16m
One of only a handful of independently-owned retail units at the highly successful Blanchardstown Centre has been brought to the market by agent Bannon at a guide price of €16 million. The property, which is being offered as a sale-and-leaseback opportunity, will be the subject of a new 25-year lease to its current owner, the […]
Quanta Capital acquires St Stephen’s Green Georgian for €4m
Real estate investor Mel Sutcliffe of Quanta Capital has acquired No 10 St Stephen’s Green for around €4 million. Located immediately adjacent to the historic Hibernian Club and dating from the 19th century, the high-profile Georgian building extends to 465 sq.m (5,000 sq.ft) over four floors and was formerly the home, in part, to the […]
Slack lease the lure as ESB seeks €168m for Fitzwilliam 28
The combination of Dublin’s status as a location to deploy international capital and its standing as the city favoured by global tech giants for their European headquarters is expected to spur significant interest from European and international investors in the sale of Fitzwilliam 28. Located on Fitzwilliam Street and at the heart of the traditional […]
Eason to relocate Cork store after selling premises to Ashley company
Books and stationery retailer Eason has sold its store on Patrick Street in Cork to a company connected with Sports Direct owner Mike Ashley, as part of a wider plan to relocate to a larger store in the city centre in 2021. Ownership of the store was held by Eason Holdings, which operates the retailer’s […]
