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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”.

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New restaurant, Sasta by the River, coming soon to Manor Mills Shopping Centre

Another exciting addition soon to Manor Mills Shopping Centre in Maynooth, Sasta by the River restaurant, offering healthy food & drinks, including a great selection of vegetarian, vegan and gluten-free options, homemade cakes and pastries. This new eatery is exactly what Maynooth has been looking for. It is great news to have new local businesses […]

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Boots open in Gateway Shopping Park in Galway

Boots is set to be the first store to open in the new Phase 2 development at Gateway Shopping Park, Knocknacarra, Galway on Wednesday 1st July. Boots will come as an excellent addition to the existing park, currently anchored by Dunnes Stores and B&Q. Boots will occupy a large store of over 7,500 sq.ft and […]

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Owners of vacant properties beware!

Since the introduction of the Local Government Reform Act 2014, Local Authorities have been given autonomy to vary the level of rates relief granted to owners of vacant properties. As a result, the level of refunds on commercial rates available to Landlords of vacant properties varies significantly between Local Authorities. In Dublin City Council for […]

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How much do our Local Authorities rely upon retail rates?

Businesses across Ireland contribute approximately €1.5 billion in commercial rates to Local Authorities across the country each year. This is a critical source of income for each of the 31 Local Authorities in the State and typically accounts for between 16% and 53% of their revenue stream with the national average standing at 33%. According […]

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Potential Planning Impacts

It is likely that the Government may introduce Emergency Legislation to extend/suspend the statutory timeframes which apply to planning applications and appeals.  Currently a planning application which is not adjudicated upon within the 8 week timeframe (barring an F.I. & assuming no 3rd party appeal) receives a grant of permission by default.  The current planning […]

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Neil Bannon – Retail on the High Street

There has been a lot of talk about the future of the bricks & mortar of Irish retail and flagging local retail performances – most of which has been framed through the arrival of online sales. But is it all as worrying as we’re led to believe? Neil Bannon, Executive Chairman of Commercial Property Consultancy firm […]

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Pritzker Architecture Prize Goes to Two Women for the First Time

When designing a campus for a new University of Engineering and Technology in Lima, Peru, the Dublin-based architects Yvonne Farrell and Shelley McNamara thought deeply about how to integrate the wind and the rain. It is because of that sensitivity to the natural elements, as well as qualities like their emphasis on collaboration, that the […]

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Main street isn’t out of fashion, but fashion may be

The media’s focus on extreme cases, and invalid comparisons with European markets, are two of the reasons behind the false narrative that has developed around retailing in Ireland. That’s according to Neil Bannon, chairman and head of consultancy at Bannon Property Consultants. And Neil Bannon should know, as one of Ireland’s most experienced retail agents […]

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Hibernia REIT lets remaining space in 2WML building

Hibernia REIT has let the remaining space in its 2WML building to online fashion platform Zalando Ireland. The 47,500 sq.ft has been rented on a 15-year lease, with term certain of seven years, at initial rent of €2.9 million per annum – almost €60 per square foot. The building is now let to Zalando, Udemy […]