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Eason building in the heart of Galway for sale at €8m

One of the best shops in Galway city centre is on the market for more than €8 million through agent Bannon. It is being sold on a sale-and-leaseback basis by books and stationary retailer Eason, which has occupied the building at 33 Shop Street for the past 30 years. Eason is to take a 25-year […]

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Davy fund buys majority stake in Navan Town Centre for bargain €43m

A majority stake in Navan town Centre, which was on the market in 2016 for €62 million, has just been bought for about €43 million. However, the off-market sale, which was handled by Rod Nowlan of Bannon and has just received clearance from competition authorities, did not include a residential element valued at less than €5 million […]

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Dublin logistics facility owned by Iput set for €3m refurbishment

Iput is to invest about €3 million refurbishing a large logistics facility it has just acquired for €19 million beside Dublin Airport. The acquisition is sizeable and significant in terms of the industrial market, which has been experiencing renewed interest from investors due to growth in online retailing. Refurbishment works are already under way at […]

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Construction index hits four-month high

The construction industry is expanding rapidly, with commercial building leading the way, and although the pace of gains in house-building slowed slightly from November it is at levels seen before the crash, according to Ulster Bank’s Construction Purchasing Managers’ Index (PMI). The overall index hit 56.3 in December, up from 55.5 in November, a four-month […]

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Festive cheer: Record Christmas for grocery stores

Irish consumers spent €995m on groceries in December Shoppers spent an average of €694 on groceries in December (€151 more than the typical month). Dunnes Stores – 23% Tesco – 22.3% Supervalu – 21.8% “Irish shoppers showed a willingness to splash out over the festive break,” “Branded and premium private label ranges grew by 3.8% […]

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Danish home retail brand to open 15 stores in Ireland

Danish global home retail brand, JYSK, will open 15 stores across Ireland in the next two years, creating more than 200 jobs. Founded in Denmark in 1979 by Lars Larsen, over the past four decades JYSK has expanded to 51 countries with more than 2,700 stores worldwide employing 23,000 people. The first Irish store will […]

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Costa Coffee pitch up on Malahide Road

Costa Coffee is the latest tenant to join the line-up at Malahide Road Retail Centre in north Dublin. Costa is trading out of a 2,000 sq.ft coffee pod that also has the use of outdoor seating. The letting comes just as the landlord, Irish Life, has resurfaced the car park and upgraded signage, lighting and […]

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Black Friday a ‘double-edged sword’ for Irish retailers

Black Friday and Cyber Monday will be a “double-edged sword” for Irish retailers with margin pressures incurred from major discounting offsetting the spike in business, a retail expert has said. Thomas Burke of Ibec trade body Retail Ireland says that with 70% of digital purchases in Ireland going to firms outside the country, retailers were […]

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Construction industry expects to ‘go green’

The results from the World Green Building Trends 2018 report has revealed that 47% of those surveyed expect the majority of their projects, 60%, to be environmentally friendly by 2021. The report, published by Dodge Data and Analytics, shows that the international market for green construction projects has grown significantly in the last ten years. […]

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Harvey Norman to anchor expanded Gateway Retail Park in Galway

Giant retailer Harvey Norman is to open a substantial new store now under construction as part of the second phase of the Gateway Retail Park in Knocknacarra, Galway. Australia’s leading retailer, specialising in computers, technology, electrical goods, furniture and bedroom fittings, is to rent the 5,574 sq.m (60,000 sq.ft) flagship store in the thriving park, […]