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Construction activity boosted in April while companies increase stock

Construction activity rose sharply in April while purchasing inventory also ratcheted up as companies seek to avoid Brexit-related supply disruptions, according to a survey from Ulster Bank. The bank’s construction purchasing managers index (PMI) showed that business levels continue to rise underpinned by ongoing increases in the demand for construction work. But Brexit still weighed […]

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New Costa Coffee store to open in Waterford Retail Park

Costa Coffee will open a brand new store in Waterford Retail Park on the Outer Ring Road this summer. The new coffee pod will take up a floor area of approximately 2,600 sq. ft and will result in a bright and spacious high-spec coffee offering with outdoor seating. It joins other big-name retailers in the […]

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Prime pitch on Cork’s premier shopping street for €6.6m plus

Agent Bannon is seeking offers in excess of €6.6 million for a landmark building on Cork city’s most sought-after thoroughfare, St Patrick’s Street. No 113-115 St Patrick’s Street has been occupied by the well-known bookseller and stationer, Eason & Son, for more than 33 years. The company is taking a new 25-year lease of the […]

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Ireland records highest start-up figures in 13 years while insolvencies remain low

The data from business and credit risk analyst, CRIF Vision-net, show an average of almost 71 new companies were formed every day in the first quarter of 2019, while the number of insolvencies remained consistent for the same period. In total, 6,413 new companies were formed in Ireland in the first quarter of 2019, the […]

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South docklands office block makes €6.9m profit in 14 months

Hibernia Reit has sold a south docklands office block for €6.9 million more than it paid for it 14 months ago. The sale, in which Bannon acted for the vendor and Knight Frank for the purchaser, is to a German pension fund which has secured an initial yield of 4.65%. This off-market transaction underlines the […]

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Limerick One welcomes Petstop

Bannon are delighted to have secured Petstop for the former Maplin unit in Limerick One Shopping Park. At a rent of €24 per sq.ft for the 7,500 sq.ft unit, this letting further illustrates Limerick One’s regional importance as a premier retail trading destination.

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Luas Green line metro upgrade not needed for 20 years, NTA says

The upgrade of the Luas Green line to a metro service will not be needed “for 20 years or so” the National Transport Authority (NTA) has said. The NTA has today confirmed the MetroLink line, which had been due to run from Swords to Sandyford, will terminate at Charlemont north of Ranelagh, where it meets […]

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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 […]