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Charlestown shopping centre in Dublin on market for €35.5m

One of the last large scale shopping centres to be offered for sale on the instructions of Nama – Charlestown Shopping Centre at Junction 5 of the M50 in north Dublin – is expected to be of interest mainly to US private equity funds and a mixture of Irish and overseas companies planning to strengthen their position […]

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US equity firm to complete The Square shopping centre purchase

The US private equity giant Oaktree has made arrangements to complete the purchase of a controlling interest in The Square shopping centre in Tallaght, Co Dublin, tomorrow. The €250 million sale by Indego and Nama was one of the largest retail transactions in Ireland in 2017. The 27-year-old shopping centre – Ireland’s largest when it first opened – registered some […]

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Retail Sales volume increased by 2.6% in November 2017

The volume of retail sales increased by 2.6% in the month of November, with an annual increase of 6.8%. If Motor Trades are excluded, there was an increase of 1.9% in the volume of retail sales in November 2017 when compared with October 2017 and there was an increase of 7.6% in the annual figure. The […]

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€40m plan to expand shopping centre in Dublin is approved

Planning permission for a €40m redevelopment and extension of the Red Mall at Blanchardstown Shopping Centre has been granted by the local authority. It paves the way for the creation of up to 300 more jobs at the Dublin location, which is the country’s second-largest shopping centre. Blanchardstown Shopping Centre – which is owned by […]

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Two retail centres in D15 and one in D18 for sale for €5.85m and €1.9m

Two neighbourhood centres at Rathbourne in Ashtown, Dublin 15, and another one at Stepaside in Dublin 18, are expected to attract a considerable interest when they are offered for sale in two separate lots through the Bannon agency. David Carroll of Bannon is seeking €5.85 million for two shopping facilities at Rathbourne and €1.9 million for the Stepaside centre. Castlethorn Development developed […]

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Shopping Centre Portfolio – Performance Snapshot Q2 2017

“Growth in sales during Q2 2017 outstrips growth in footfall” Our last quarterly update (Q1 2017) showed a mix of footfall growth and sales contraction for the Bannon Shopping Centre Portfolio. The numbers for Q2 2017 were much more positive with growth in footfall and sales of +0.37% and +2.44% respectively. Q2 2017 benefited from […]

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New tenant for Ilac redevelopment

Leading outdoor apparel retailer, Regatta Great Outdoors is to open a store in the newly-redeveloped Moore Mall South at the Ilac Centre. The company signed an agreement in recent weeks for the final space in the refurbished €1.5 million wing of the centre which is owned jointly by UK shopping centre giant Hammerson and Irish […]

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SCEPTRE – Young Achiever of The Year 2017 Runner Up

Congratulations to our Quayside Shopping Centre manager Christine Dolan who was runner up for the Young Achiever of The Year 2017. Bannon took over as managing and letting agents of Quayside in August 2016 and soon after it was clear that Christine was a key member of the management team, had great potential and she was […]

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Great article from Bannon’s Capital Markets Director in today’s Irish Times

Fears about the future of global retail are permeating all markets, and no more so than the property sector. Foremost among concerns is the impact of the internet and autonomous private vehicles and drones and other autonomous delivery systems. These issues have and will continue to have an impact on the role of the lowly […]

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Irish retail stock weathering revolution in shopping habits

Fears about the future of global retail are permeating all markets, and no more so than the property sector. Foremost among concerns is the impact of the internet and autonomous private vehicles and drones and other autonomous delivery systems. These issues have and will continue to have an impact on the role of the lowly […]