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Hibernia Reit acquires two IFSC properties for €90.75m

Hibernia REIT plc (Hibernia) has acquired Guild House and Commerzbank House in Dublin’s IFSC for €90.75m in cash from a syndicate of private investors in an off-market transaction. The price reflects a capital value of €629 per sq. ft. and a net initial yield of 6.6%.

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Pizza Express sells to Chinese firm for £900m

The Pizza Express restaurant chain, which owns Milano in Ireland, has been sold to Chinese firm Hony Capital for £900 million.

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Unit A, Crag Crescent, Clondalkin Industrial Estate, Dublin 22

Available to purchase end of terrace industrial unit for sale in Crag Crescent, Clondalkin Industrial Estate, Clondalkin, Dublin 22. Two storey offices to front, approx. 288 sq m (3,100 sq ft) plus mezzanine. Car parking for approximately 12 cars to the front and side.

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ESB HQ lodge planning application for Fitzwilliam Project

ESB plans to demolish and redevelop its Fitzwilliam Street headquarters at a cost of about €150 million. Their vision is to deliver a successful new office redevelopment, in keeping with its 18th century surroundings and to provide modern, efficient, sustainable accommodation to more people.

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Davy H1 Irish Real Estate Report

During the first half of the year the investment in Ireland’s commercial real estate (CRE) market has totalled €1.8bn year-to-date, Dublin’s office market accounted for 70% of all capital invested in Ireland in H1 2014 and the changing risk premium for Dublin offices has enticed investor groups into the market for the first time, notably UK open-ended fund Knight Frank Investment Managers.

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Bannon appointed management agents for Gorey shopping centre

Bannon have been appointed management agents for the Gorey shopping centre.

The centre is anchored by Dunnes Stores in the South-East, who are joined by some of the leading Irish and international retail names such as the Carphone Warehouse, Elverys Sports and Gamestop. Gorey has over 30 stores spanning more than 150,000 square feet, is open 7 days a week, and have over 400 FREE parking spaces.

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Retail Investment for Sale in Cavan Town

Bannon & Crotty Auctioneers are delighted to bring to the market the sale of Townsparks in Cavan Town. The investment is guiding €1,950,000 plus VAT which represents an initial yield of 15%.

NTMA offers outright buyback terms for Treasury Bond 2016

The National Treasury Management Agency (NTMA) will, today, offer outright buyback terms for the 4.6% Treasury Bond 2016 and will also offer switch terms from the 4.6% Treasury Bond 2016 into the 3.9% Treasury Bond 2023. Those opting to swap the 2016 bonds will be offered 2023 bonds at a price of 114.177, a 2.095% yield. The debt agency has said the country is already fully funded for 2014 and has raised over 70% of the €8 billion earmarked to fully pre-fund for 2015.

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High Court decision in the Bewleys case overturned

High Court decision in the Bewleys case overturned. Supreme Court unanimously finds that the upward only rent review provision in the lease stands.

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Changes to Commercial Rates Law effective today, 1 July 2014

Changes to Commercial Rates law, which come into effect today, 1 July 2014, allow businesses to take up new premises without fear of facing rates arrears from previous occupiers whilst not affecting the collection powers of the relevant local authorities to recoup the rates arrears in question.