How do we accommodate the office of the future?

Covid-19 and Sustainability awareness are changing Ireland’s commercial property market By Neil Bannon, Executive Chairman, Bannon Opinion piece published in the Property Plus supplement, The Business Post, Sunday, July 25, 2021 The Commercial Property market will look very different in the coming years due to two game-changers – Covid and its permanent impact on the […]

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At a Glance: Office Market Q2 2021

The Dublin office market has shown significant signs of improvement and given the large quantity of reserved space the second half of the year looks very positive.

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At a Glance: Investment Market H1 2021

Despite the backdrop, another very strong quarter in the Capital Markets with the private rented residential sector leading the charge as usual. Based on pipeline supply 2021 turnover looks set to be the 2nd strongest year of all time! See Bannon quarterly snapshot.

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Hines completes acquisition of final phase at Chatham & King

International real estate firm Hines has formally acquired the second phase of Chatham & King, a new high-profile mixed-use scheme next to the Gaiety Theatre on South King Street in Dublin city centre. Hines’s acquisition of the 3,950sq m (42,500sq ft) portfolio marks the culmination of the €165 million deal it agreed with US private equity giant […]

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Consumer Sentiment Index

Irish consumer sentiment is at a two-year high following a modest 1.6% monthly increase in June. This increase brings the index back in line with the 25-year average of the series suggesting sentiment has been normalised. This is further supported by the fact that June marks the fifth successive monthly increase in the index, the […]

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Bannon Shopping Centre Footfall (2019, 2020, 2021)

  There is an air of positivity coming from our shopping centre & retail park management teams across the country. It has been great to see the rebound in footfall since full reopening of our portfolio on the 17th of May last. The first three weeks since reopening have seen weekly footfall jump back to […]

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Retail park portfolio’s €78m sale tests investor appetite

With online shopping having come into its own following the unwelcome arrival of Covid-19, the sale by New York-headquartered Marathon Asset Management of three of Ireland’s best-known retail parks is set to test the post-pandemic appetite of investors for traditional bricks-and-mortar retail. The Parks Collection is being offered to the market individually or as one lot by […]

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Neil Bannon on Retail Recovery

One of the recommendations in our recent report on City Centre retail for Dublin City Council was to improve connectivity between the Retail Core and the Office and Cultural hubs within the City making it easier for City workers and tourists to connect to the shopping areas. Delighted to see the works taking place on […]

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Neil Bannon on the Retail Sector

Dublin Town reporting footfall in the City Centre at 87% of 2019 levels last Saturday, given the lack of Tourists that’s a very encouraging recovery. It will be interesting to see which retailers benefit most from the return of the consumer.

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Changes to Pension rules out Commercial Property Purchases

  Following the government’s transposition of IORP II, any new One Member Arrangements (OMA) will now be largely prevented from borrowing for their investments and be required to hold at least 50% of their investment in regulated markets e.g. listed shared and/or bonds. Commercial properties had been an attractive option for OMA pension funds which […]