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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 […]

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Huge queues at Grand Opening of The Range

Huge queues at Grand Opening of new superstore, The Range, in Liffey Valley on Friday. After months of anticipation the day finally arrived for Liffey Valley’s newest superstore, The Range, to open its doors. The launch took place at 9am Friday 19th of May at The Retail Park, Liffey Valley in front of a huge […]

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Two new stores to open in Athlone Town Centre Shopping Centre

Some 15  jobs are expected to be created in Athlone Towncentre later this month with the opening of two new clothing outlets. This follows on from the creation of 14 jobs with the recent opening of the new Inglot cosmetics store. Leading clothing brands Vila and Selected Homme will officially open in two adjoining units in […]

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Countdown Begins for Grand Opening of The Range Superstore in Liffey Valley

With 1 day to go until the Grand Opening of value superstore The Range in Liffey Valley, staff have been busy adding the finishing touches to the store ahead of Friday’s 9am opening. The new Range outlet will be the third home, leisure and garden superstore to open from the retail chain in the Republic of […]

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Distribution Facility Sale in Naas Enterprise Park

Bannon has recently completed the sale of an extensive 45,500 sq.ft warehouse/distribution centre in Naas Enterprise Park, Co. Kildare (formerly Toughers Industrial Estate). The modern facility was let to  Pharmapac Ltd at an annual rent of €132,000 from April 2015.  The sale price equates to an net initial yield of just over 10% to the […]

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Ardstone Capital clears out last of its Dublin office portfolio

 Ardstone Capital has sold the last of its Dublin office investments amid increasing speculation that office values in the city may have peaked. In its most recent sale, Ardstone settled on a profit of about €3 million for Block P2 in Eastpoint Business Park. This was sold to Avestus Capital Partners and Ares Management for […]

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Smiggle Mania Hits Ireland

Smiggle, the world’s hottest stationery brand opened its first Irish store in Dundrum Town Centre this morning. As the original creator of colourful, fun and fashion-forward stationery, Smiggle designs, develops and markets an expansive range of products that are perfect for the office, school, homework, birthdays and fun. Smiggle, where a smile meets a giggle, […]

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European Commission forecasts ‘robust expansion’ of Irish GDP

The European Commission is forecasting a robust expansion of Irish gross domestic product (GDP), but at a moderating pace. The commission expects GDP to grow by 4% in 2017 and 3.6% in 2018. That growth is far above the expected euro area GDP growth of 1.7% in 2017 and 1.8% in 2018. Earlier this week […]

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Residential rents now 10% higher than their 2008 peak

The rental market has, for over five years now, shown increasing signs of distress, with stronger demand but weaker supply each year. Market rents in Dublin, for example, are now 66% higher than at their lowest point. Outside Dublin, rents have risen 41%. A key part of the political reaction has been the introduction of […]