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Irish consumer sentiment remains positive in July

Irish consumer sentiment held broadly steady in July as an improved buying climate, likely boosted by summer sales and holiday spending plans, contrasted with a more cautious assessment of household finances. At current levels, the survey paints a reasonably positive picture of Irish economic conditions but also continues to highlight concerns about consumers’ personal financial […]

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Residential property prices rise by 11.6% in the year to June

In the year to June, residential property prices at national level increased by 11.6%. This compares with an increase of 11.1% in the year to May and an increase of 5.5% in the twelve months to June 2016. In Dublin, residential property prices increased by 11.1% in the year to June. Dublin house prices increased […]

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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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New Tenant Secured at 83-87 Ranelagh Main Street

Bannon are delighted to have secured Xtremepush as a tenant at 83-87 Ranelagh Main Street. Xtremepush who are a mobile app analytics company will occupy 2,157 sq ft on the first floor. The letting was agreed on a 10 year term and is understood to have achieved in the region of €60,000 per annum. The […]

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House prices nationwide continue upward trend in second quarter of 2017

House prices over the past year have risen by more than €2,000 a month nationally, according to the latest report from property website Daft.ie. Nationally, the average asking price has risen by 46.2% – or just under €76,000 – since their lowest point in 2013. The national average list price during the second quarter of 2017 […]

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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 […]

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Shopping Centre Portfolio – Performance Snapshot Q1 2017

“Footfall across the Bannon portfolio was +0.65% in Q1 2017” Our last quarterly update (Q4 2016) showed a strong close to 2016 for the Bannon Shopping Centre Portfolio with total footfall growth of 0.85% and total turnover growth of 3.45%. The portfolio consists of regional shopping centres in various locations across the country. The first […]

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Retail warehouse in Letterkenny for sale for €3.7m

Commercial agents Bannon are quoting €3.7 million for a high-profile retail warehouse investment at Letterkenny, Co Donegal, which it said will provide a net income yield of 11%. The 2,804 sq.m (30,203 sq.ft) warehouse is occupied by Currys PCWorld and Crown Paints at a combined current rent of €428,000 and a weighted average lease term […]

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Purchase of No. 49/50 Mary Street, Dublin 1

Daniel McLaughlin of Bannon has recently acquired No. 49/50 Mary Street, Dublin 1 on behalf of a private investor. The mixed use freehold property is understood to be producing a rental income of €182,000 per annum with a WAULT over 12 years.  The property comprises of a three storey over basement mid-terrace building extending to […]

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Trespass open their 15th store in Ireland

Trespass the value outdoor specialist sportswear brand has recently opened their 15th store in Ireland at No. 54 South King Street, Dublin 2. It is understood that Irish Life purchased the property from the previous occupier Oxfam Ireland in an off market transaction in late 2016. Trespass has over 400 stores in 70 countries worldwide […]

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New retail lettings at Blanchardstown Centre

The Blanchardstown Centre in west Dublin has announced four new retail lettings which will lead to the creation of 50 full-time positions. The 120,000 sq.m shopping centre has only one 68 sq.m unit currently available to let. The new lettings will add more than €1.25 million per annum to the rent roll ranging from just […]

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Retail Sales Volume decreased by 0.6% in April 2017

Seasonally adjusted, the volume of retail sales decreased by 0.6% in the month of April, with an annual increase of 1.6%. If Motor Trades are excluded, there was an increase of 0.4% in the volume of retail sales in April 2017 when compared with March 2017 and there was an increase of 6.4% in the […]