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PTSB bank branch in D2 sells for €1.5m

A PTSB bank branch at 4 Upper Baggot Street, Dublin 2, has been sold as an investment for €1.5 million. The Georgian terrace building is internally linked with the adjoining corner building fronting on to both Haddington Road and Upper Baggot Street. PTSB’s lease has another eight years to run on a rent of €102,500. […]

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Prime Temple Bar retail block sells for €11.2m

The busiest retail block in Dublin’s Temple Bar area, including the Elephant & Castle restaurant, has been bought by a fund managed by Davy Real Estate. The €11.2 million paid for the Crampton Buildings is almost €3 million more than they made just over three years ago when they were acquired by the Dublin-based investment manager Ardstone […]

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Retail sales up 4.5% in October compared with last year

The volume of retail sales was up 4.5% in October compared with the same period last year, but was flat compared with September, the latest figures from the Central Statistics Office show. If motor trades are excluded, there was a decrease of 0.3% in the volume of retail sales in October compared with September, and there was […]

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Bannon raises €20,000 for Irish heart Foundation

Staff from Bannon Commercial Property Consultants took on a Spinathon in Nutgrove, Pavilions, Blanchardstown, Athlone and Swan Shopping Centre on September 2nd in aid of Irish Heart Foundation. Irish Heart is the national charity fighting heart disease and stroke. Their mission is to affect positive change in the lifestyles of Irish people, to achieve better outcomes […]

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Makeover of Hibernian Way continues with new Italian restaurant

An Italian-themed restaurant is to open at the redeveloped Royal Hibernian Way just off Grafton Street in Dublin 2. It is Friends First’s most significant letting at the scheme since taking full control of the property and securing planning permission to amalgamate a number of the retail units to restaurants. The new restaurant will be in a 362 […]

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Industrial facility in Santry sold

Bannon has recently completed the disposal of an industrial facility in Airways Industrial Estate, Santry. The building, which was sold with vacant possession, extends to 4,139 sq.m (44,552 sq.ft) and comprises a four bay warehouse with ancillary offices. The property was offered for sale at €1.25m and following strong interest during the marketing campaign a […]

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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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Residential property prices rise by 12.8% in the year to September

In the year to September, residential property prices at national level increased by 12.8%. This compares with an increase of 11.8% in the year to August and an increase of 8.0% in the twelve months to September 2016. In Dublin, residential property prices increased by 12.2% in the year to September. Dublin house prices increased […]

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Euro zone economic confidence surges to almost 17-year high

Euro-area economic confidence surged to its highest in almost 17 years, reflecting an improved outlook for a region that not long ago was blighted by record joblessness and a double-dip recession. The index of industry and consumer sentiment rose to 114 in October from a revised 113.1 the previous month, the European Commission in Brussels […]

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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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Budget 2018

Budget 2018 – Key Points Minister for Finance Paschal Donohue delivered the Budget 2018 speech this afternoon, with the announcement of additional revenues of €830 million to bring the total package of new spending and tax cuts to €1.2 billion. €898 million of this will be allocated to spending and there will be tax reductions […]

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Irish consumer sentiment improves to eighteen month high

Consumer Sentiment Index Irish Economy Modest monthly increase sufficient to boost confidence to best level since February 2016 Encouraging signs in September reading but no evidence of widespread ‘feel-good’ factor Improved outlook on household finances the key driver of monthly gain Repayment of water charges and increased purchasing power because of stronger Euro likely contributors […]

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Acquisition at Airton Road, Tallaght

Bannon has recently completed the acquisition of a newly refurbished industrial facility at Airton Road, Tallaght on behalf of Tennants Building Products Ltd.  The building, which was previously part of the extensive former Jacobs Manufacturing facility, extended to 4,600 sq.m (49,500 sq.ft).  It had undergone a substantial renovation programme by the vendor to include re-cladding […]

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Retail Sales Volume decreased by 4.2% in August 2017

Seasonally adjusted, the volume of retail sales decreased by 4.2% in the month of August, with an annual increase of 4.7%. If Motor Trades are excluded, there was an increase of 0.2% in the volume of retail sales in August 2017 when compared with July 2017 and there was an increase of 6.7% in the annual […]

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UK firm Card Factory to open six shops in Ireland

UK greeting card specialist Card Factory is to open six shops in Ireland by October and has ambitious plans for another 69 outlets over the next five years. The retailer has secured units at Northside Shopping Centre, Drogheda Town Centre and the Courtyard Shopping Centre in Newbridge along with high-street stores in Ashbourne, Dún Laoghaire and Naas. It is being advised by agent Bannon […]