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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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Budget 2018

Budget 2018 – Key Points Minister for Finance Paschal Donohue delivered the Budget 2018 speech this afternoon, with the announcement of additional revenues of €830 million to bring the total package of new spending and tax cuts to €1.2 billion. €898 million of this will be allocated to spending and there will be tax reductions […]

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Irish consumer sentiment improves to eighteen month high

Consumer Sentiment Index Irish Economy Modest monthly increase sufficient to boost confidence to best level since February 2016 Encouraging signs in September reading but no evidence of widespread ‘feel-good’ factor Improved outlook on household finances the key driver of monthly gain Repayment of water charges and increased purchasing power because of stronger Euro likely contributors […]

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Acquisition at Airton Road, Tallaght

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 […]

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Retail Sales Volume decreased by 4.2% in August 2017

Seasonally adjusted, the volume of retail sales decreased by 4.2% in the month of August, with an annual increase of 4.7%. If Motor Trades are excluded, there was an increase of 0.2% in the volume of retail sales in August 2017 when compared with July 2017 and there was an increase of 6.7% in the annual […]

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UK firm Card Factory to open six shops in Ireland

UK greeting card specialist Card Factory is to open six shops in Ireland by October and has ambitious plans for another 69 outlets over the next five years. The retailer has secured units at Northside Shopping Centre, Drogheda Town Centre and the Courtyard Shopping Centre in Newbridge along with high-street stores in Ashbourne, Dún Laoghaire and Naas. It is being advised by agent Bannon […]

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Former American Apparel shop on Grafton Street gets revamp

Owner Irish Life is carrying out a number of structural changes to the former American Apparel store near the bottom of Dublin’s Grafton Street before it can be re-let. The US chain ceased trading at the start of this year. The changes under way in the former bank building are designed to reduce the impact of three […]

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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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Retail Sales Volume increased by 11.9% in July 2017

Seasonally adjusted, the volume of retail sales increased by 11.9% in the month of July, with an annual increase of 2.1%. If Motor Trades are excluded, there was a decrease of 0.2% in the volume of retail sales in July 2017 when compared with June 2017 and there was an increase of 7.0% in the annual […]