, , ,

M7 Real Estate acquires south Dublin offices for €15m

Pan European investor and asset manager M7 Real Estate has paid just under €15 million for two office blocks in south Dublin. Developed in the late 1980s as part of the wider Merrion Shopping Centre scheme, the Nutley and AIG buildings comprise an overall floor area of 4,016sq m (43,235sq ft) along with 83 undercroft […]

, ,

At a Glance: Dublin Office Market 2021

Take up for 2021 exceeded 1,700,000 sq.ft. There was a notable increase in market activity from H2, with Q4 attributing over 1,000,000 sq.ft. to the final years take up figure. This was largely boosted by 2 transactions in excess of 200,000 sq.ft. (representing 29% of total take up). We are off to a strong start […]

, ,

At a Glance: Investment Market Q4 2021

The Bannon snapshot shows an exceptional year for PRS with almost 42% of turnover (despite a weak Q4) and the wider market as a whole showing the second-highest annual turnover on record. 2022 likely to see the resurgence of retail and consolidation of sheds!

, ,

Shop Local this Christmas

Since the retail sector emerged from lockdown in May 2021 we have worked with 20 retailers who have invested in store refits cross our portfolio of 31 shopping centres and 19 retail parks. Shop local this Christmas!  

, ,

Changes Planned for Dublin’s City Retail Core in Draft DDC Development Plan.

Revised street categorisation reflects retail shift to focus on shopper experience. The recently published Draft Dublin City Development Plan 2022-2028 proposes changes to Dublin City Council’s approach to retail in the City Retail Core (Henry and Grafton Street environs).  The revised categorisation of some streets aims to support a more diverse retail experience while preserving […]

, , ,

Dublin City Council session with Neil Bannon

Our chairman and head of Consultancy Neil Bannon was invited to present to Dublin City Council this morning on how to tackle retail vacancy in Dublin City Centre, really positive session with great sharing of ideas & initiatives.

, ,

Retail giant Penneys finds distribution home in Kildare.

Bannon is pleased to have assisted Penneys in sourcing a 15.3 hectare (38 acre) site at Great Connell, Newbridge, Co. Kildare to facilitate the development of a state of the art logistics hub/distribution centre for the retailing giant. Kildare County Council granted planning permission for the 55,277 sq m (595,000 sq ft) facility which will […]

, , , , ,

Investors follow footfall into retail parks as high street shuts up shop

Covid-19 has flipped the performance of retail assets on their head. The previously-held view was that the prime to tertiary hierarchy was – city high street, major town centre, retail park, grocery retail and local necessity centres. However, in terms of demand and performance from the occupiers on the ground, this traditional hierarchy has now […]

, , ,

Winter Maintenance – Case Study

  Background The Property Management team at Bannon currently manage over 70 commercial sites across Ireland. The portfolio is made up of Shopping Centres, Retail Parks, Business Parks and Office Parks. In recent years there has been an unquestionable shift in weather patterns, and this is particularly noticeable in the colder winter months. One such […]

, , ,

Neil Bannon on the Future of Dublin Retail

Neil Bannon is a leading expert on retail property in Dublin. In the upcoming December 2021 issue of the Dublin Economic Monitor, Neil provides his thoughts on the future of the Capital’s retail core. In advance of the publication, the below video gives a snapshot of Neil’s views on Dublin’s retail sector and the outlook […]