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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 […]

In response to the spread of the COVID-19 Virus

Dear clients and friends of Bannon, In response to the spread of the COVID-19 Virus, as of cob on Monday 16th March Bannon has temporality moved the operation of the business entirely to remote working. Our Team is fully equipped, trained and experienced to continue client services as efficiently as is possible in a remote […]

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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 […]

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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 […]

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Specsavers open in Manor Mills Shopping Centre in Maynooth

Specsavers have now joined the tenant line up in Manor Mills Shopping Centre. The store is equipped with the latest eye and ear testing technology. Maynooth is the only Specsavers store in North Kildare. Specsavers now have over 1,980 stores worldwide including 79 in Ireland. The chain offers optician services for eyesight testing and sells […]

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Harvey Norman to open Knocknacarra store in April with the creation of over 60 jobs

Harvey Norman is to open its new store in Knocknacarra in April with the creation of over 60 jobs. The major retail outlet will be located at the Gateway Retail Park, on the Western Distributor Road beside Dunnes Stores and others such as B&Q. Recruitment is ongoing for cashiers, sales, administration, and technical support staff. […]