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Donnybrook Fair upmarket food chain bought by Musgrave

Musgrave, the owner of SuperValu, has agreed a deal to buy the Donnybrook Fair chain of upscale supermarkets in the greater Dublin area. The Cork-headquartered retailing and wholesaling group finalised a deal to buy the chain this morning for an undisclosed sum from husband and wife team, Joe and Mary Doyle, who founded and control […]

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Georgian on Stephen’s Green guiding €4.25m

A Georgian building with a seven-day publican’s licence and a restaurant near the top of Dublin’s Grafton Street is expected to attract considerable interest when it goes on sale at a guide price of €4.25 million. The building at 10 St Stephen’s Green will be available with full vacant possession from early next year. Daniel […]

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Residential property prices rise by 10.4% in the year to July

In the year to July, residential property prices at national level increased by 10.4%. This compares with an increase of 11.9% in the year to June and an increase of 11.6% in the twelve months to July 2017. In Dublin, residential property prices increased by 7.2% in the year to July. Dublin house prices increased […]

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Property sector comes together to raise funds for the homeless

More than 800 participants and 70 teams took part in this year’s Dragons at the Docks property industry fund raising event at Grand Canal Dock in Dublin on Thursday. The dragon boat-racing competition raised €250,000 for charity with two-thirds of the proceeds going to the Dublin Simon Community and the balance to be distributed to […]

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Kellogg to relocate European HQ to Dublin Airport Central

Dublin Airport Central, a major new office development in the heart of the airport campus, has landed a high-profile anchor tenant for the first of two headquarter-style buildings now under construction. US multinational food company Kellogg is to relocate its 220 Irish and European office staff to Three Dublin Airport Central, where the six-storey block […]

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Retail Sales volume increased by 6.5% in July 2018

Seasonally adjusted, the volume of retail sales increased by 6.5% in the month of July, with an annual increase of 5.5%. If Motor Trades are excluded, there was a decrease of 0.5% in the volume of retail sales in July 2018 when compared with June 2018 and there was an increase of 2.9% in the annual […]

New networking organisation for Westmeath natives in Dublin

The newly formed Westmeath Dublin Business Network (WDBN) is to hold its inaugural event on Thursday September 13 at 6.30pm. The WDBN was set up earlier this year by a committee made up of the following Westmeath natives; Ray Geraghty of Bannon, John Brennan of ORS, Andrew Maslin of ODREM, Paul Shine of Diageo, Catherine […]

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Bannon donates to Alone Ireland

Staff from Bannon Commercial Property Consultants happily volunteered 2 days of their time to Alone Ireland in July and August. Over 30 Bannon employees volunteered their time over the two days. The days were spent on a variety of activities which included general maintenance work, decorating and gardening in Earls Court, Reuben Street & Bermingham […]

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Panda Waste owner acquires stake in north Dublin shopping centre

Businessman Eamon Watters, owner of Panda Waste, one of Ireland’s largest waste collection and recycling companies, has acquired a substantial stake in Charlestown Shopping Centre at junction five of the M50 in north Dublin. The acquisition was made through an investment vehicle called Garristown Venture Holdings. The large-scale shopping centre and an adjoining site with […]

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Irish economy in post-recovery stage – Ibec

The economy is in a strong position and has moved into a post-recovery stage, with households clearly benefiting from rising incomes – according to the latest quarterly economic outlook from business group Ibec. It forecasts growth of 5.7% this year and a buoyant consumer economy growing by 2.9% in volume terms. It added there is […]

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Heatwave Boosts Second-Quarter Retail Sales In Ireland

Buoyed by a long spell of fine weather, sales in the Irish retail sector grew by 3.4% in the second quarter of 2018, according to a new report from Retail Ireland, the Ibec group that represents the sector. In its latest Retail Monitor, published today (see attached), the group said sales in the first half […]

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Ireland Consumer Confidence increased to 107.6

Ireland Consumer Confidence was reported at 107.6 in July from 102.1 in the previous period. It was expected at 101.5. Consumer Confidence in Ireland increased to 107.60 Index Points in July from 102.10 Index Points in June of 2018. Consumer Confidence in Ireland averaged 87.92 Index Points from 1996 until 2018, reaching an all time […]

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Retail Group Calls For Tax Fairness For Retailers In Budget 2019

Retail Excellence is today (4 July) calling for targeted solutions for retailers in Budget 2019. “In an increasingly boundary-less retail environment the representative body are seeking additional online supports and tax fairness measures to protect retailers from the onslaught of cheap, non-European imports,” the retail organisation said in a statement. “Despite record numbers back at […]

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Trailfinders top bidder for its own HQ on Dawson Street

Further signs of fast growing property values in Dublin’s Dawson Street emerged this week with the sale of the Trailfinders building for a full 60% above the guide price. David Carroll of Bannon is delighted to have advised Trailfinders on their acquisition. Agent Cushman & Wakefield initially invited offers of more than €7.75 million for the holiday booking premises […]

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Cinema group Vue expands its Irish operations

Vue, the chain which owns a 3,800 seater cinema at Liffey Valley in Dublin, has acquired the cinemas of Irish rival Showtime for an undisclosed sum. Showtime operates cinemas in Limerick and Ashbourne with 13 screens and more than 2,200 seats between them. Recently filed accounts for the holding company of these cinemas, Showtime Cinemas Limited, show […]