Investment

Search our current investment listings. If you are an institution, syndicate or private individual looking for advice on the acquisition or disposal of investment property in the Irish and international markets, we can offer our specialised experience and services:

• Advice on all aspects of disposals from initial valuation and assessment to identifying the best sales and marketing approach
  
• With numerous in-house requirements and intelligence of investment requirements in the market, we can privately market properties on a targeted 'off market' basis prior to activating, if required, a full public marketing campaign.
• From identifying opportunities to simply assessing 'value for money', we can furnish investors with up-to-date advice on all aspects of property acquisition.
• We perform a comprehensive due diligence service including detailed lease review, covenant assessment and identification of asset management opportunities.
• We work with all advisors involved in projects from solicitors to building surveyors to maintain communications with our client throughout the transaction.

We can provide a broader acquisition service than the traditional agents as we are not confined to use only one UK or European estate agency.

We source product, local knowledge and due diligence services from a range of boutique firms throughout the UK and Europe which can deliver a superior service in an increasingly specialised property environment.

Deal Structuring and Development Finance

As a result of a more constrained lending environment the importance of maximising development finance options is critical, e.g.  forward funding and forward sale options.

Putting structures in place to maximise the potential of any development, both in terms of lot size and the provision of multi-ownership structures is key.

Similarly the documentation that falls out of such structures, such as co-ownership agreements, can have a significant impact on the marketability and value of both the element disposed and those retained.  

Bannon have been at the forefront of these structures over the past number of years. We had significant involvement in Ireland's most recent high profile forward sales (e.g. South King Street) and co-ownerships (e.g. Ilac Centre, Pavilions).

Asset Management

Maintaining and improving cash flow is essential to operating any business and real estate investment is no exception.

Specialising in large domestic shopping centres, Bannon provide a complete asset management service with a focus on:

• identifying income opportunities
• increasing efficiencies
• isolating revenue leakage.

Working in conjunction with our award winning retail and property management teams, we successfully asset manage a number of Ireland's most successful retail centres, including:

• Dundrum Town Centre, South Dublin
  
• Ilac Centre, Dublin City Centre
  
• Whitewater Shopping Centre, Newbridge, Co Kildare
  
• Athlone Town Centre, Athlone, Co. Westmeath

Awards

Our market status has been acknowledged by our annual nomination as Investment Agents of the Year at the Irish Independent /Property Week Awards since the firm was established.

Bannon won the accolade of Investment Agents of the Year during the most active 12 month investment period on record, namely 2006/7.

Past Experience

Bannon has handled the acquisition and sale of over €1.6 billion worth of investment property transactions over the past two years: Advised client and acted on their behalf with regard to the sale to Anglo Irish Assurance Company of three retail units let to H&M, Zara and Warehouse, which form part of the redevelopment of the former Eircom building. Advised a client on the purchase of the existing Pavilions Shopping Centre and adjoining development site in what was the largest single property transaction in the state history.
Bannon subsequently disposed of a 50% interest in the existing centre to two institutional investors on behalf of their client.  Advised client and acted on their behalf with regard to the acquisition of British Land's 50% interest in the ILAC Centre

Advised client in the acquisition of the various investment properties situated within the Carlton Site and have a key role within the design team advising on the overall design of the development suited to both the site and market.

Investment Team

Joe Bannon is the Executive Chairman with over 40 years experience in all aspects of commercial property and is regarded as one of the country's leading chartered surveyors.
Email: jbannon@bannon.ie
Roderick Nowlan is the director of the Investment Department and has over 11 years experience in the retail, office and investment markets.
Email: rnowlan@bannon.ie
Ed Smyth is a senior surveyor with over 5 years experience in retail, investment and property management, specialising in overseas client acquisition and co-ownership structures.

Ed joined the investment team in 2006 and is focussed on asset management.
Email: esmyth@bannon.ie
David Carroll is a graduate surveyor who joined the company in June 2007 after successfully completing a Real Estate Management degree in The University of Northumbria, Newcastle.
Email: dcarroll@bannon.ie