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Musgrave plans more retail brands

Musgrave, the retail symbol group that owns brands including SuperValu and Centra, is targeting growth in the food service and digital markets. It is also in discussions with developers about possibly building more stores in Dublin. The Cork-headquartered, family-owned group released annual results on Tuesday that showed group revenues steady at €3.7 billion, and profits up […]

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The Death of Retail Is Greatly Exaggerated

The last few years have seen a bevy of high-profile retailers either go bankrupt or close stores across the country, raising concern that brick-and-mortar retailers are doomed. It’s undoubtedly true that consumers are buying more and more goods online, and that’s putting pressure on some retailers. However, it’s important to put this in context: So […]

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Housing Solutions and Growth on the Agenda at the Donegal Dublin Business Network

The challenge of creating innovative housing solutions was on the agenda at the most recent meeting of the Donegal Dublin Business Network (DDBN) as Eoghan Murphy TD, Minister for Housing, Planning and Local Government, addressed the organisation. A panel discussion on the subject of housing took place at the group’s April gathering in Iveagh House […]

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Monthly unemployment rate of 5.9% April 2018

The seasonally adjusted unemployment rate for April 2018 was 5.9%, down 0.1% from the revised rate of 6.0% in March 2018 and down from 6.8% in April 2017. The seasonally adjusted number of persons unemployed was 140,300 in April 2018, down from 143,500 when compared to the March 2018 figure and a decrease of 16,700 when […]

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Davy seeks to double size of Irish property fund

Davy’s Irish Property Fund, where holdings include a controlling stake in the Nutgrove Shopping Centre in Rathfarnham in south Dublin, is understood to be seeking fresh investment as it plans to double in size over the next three years from its current value of €284 million. The fund, which Davy inherited when it took over Prescient […]

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Smyths Toys to buy Toys ‘R’ Us German and Austrian stores

Smyths Toys, the fast-growing Galway-based retail group, has agreed a deal to buy the Toys ‘R’ Us business in Germany, Austria and Switzerland. It is Smyths’ first foray into mainland Europe. The deal will see the Irish business buy 93 shops and four online stores. Investment bank Lazard was hired to find buyers for several […]

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Residential property prices rise by 13.0% in the year to February

In the year to February, residential property prices at national level increased by 13.0%. This compares with an increase of 12.0% in the year to January and an increase of 9.7% in the twelve months to February 2017. In Dublin, residential property prices increased by 12.7% in the year to February. Dublin house prices increased […]

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Hines completes €165m purchase of high-profile Dublin city centre site

International real estate investor Hines has completed the acquisition for €165m of Chatham & King, a high-profile mix of offices, shops and apartments next to the Gaiety Theatre on South King Street in Dublin city centre. In acquiring the scheme from US private equity giant Lone Star, Hines fended off three rival bids. Two of […]

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German architect outlines his vision for Dublin’s north inner city

The man given the task of regenerating a significant portion of Dublin’s north inner city is nicknamed Golden Boots but when Friedrich Ludewig arrived in Ireland this week to outline his vision, he was wearing a comparatively sober pair of grey leopard print boots instead. The boots matched his coat. The retail property developer Hammerson, which is behind the Dublin Central redevelopment covering six […]

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Charlestown shopping centre in Dublin on market for €35.5m

One of the last large scale shopping centres to be offered for sale on the instructions of Nama – Charlestown Shopping Centre at Junction 5 of the M50 in north Dublin – is expected to be of interest mainly to US private equity funds and a mixture of Irish and overseas companies planning to strengthen their position […]

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Depfa Bank and Apex Fund Services to let new Irish Life block

Irish Life has found tenants for a newly developed office block at the Irish Life Centre on Lower Abbey Street, Dublin 1. Depfa Bank, formerly based in the nearby IFSC, has completed contacts to lease 1,856 sq.m (20,000 sq.ft) on the third and fourth floors of Block 5 at a rent of €484 per sq.m (€45/sq.ft). The […]

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The Proposed Route For Dublin’s New Metrolink Has Been Unveiled

Dublin’s new €3bn Metrolink was unveiled today with plans for 15 brand new stations. The project is expected to open in 2027 and will run from Sandyford to Swords. Traveling from the city centre to the airport is expected to take 20 minutes with the system carrying 15,000 passengers per hour in each direction. Stops […]

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Ireland is fastest growing economy in EU fourth year in a row

The economy grew by 7.8% of GDP last year, according to preliminary estimates from the Central Statistics Office, making it the European Union’s fastest-growing economy for the fourth year in a row. Measured by GNP, the economy grew by 6.6% in 2017, the CSO said. The CSO said that Modified Domestic Demand – a new […]

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Construction employment sees strongest rise in 6 months – PMI

Construction firms expanded at a rapid pace in February, leading to strong job creation in the sector. The latest Ulster Bank construction PMI, a monthly report measuring sentiment and activity in the sector, posted a reading of 59.2 in February. This was down from the eight month high of 61.4 in January but still showed […]

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Retail Sales volume decreased by 0.6% in January 2018

Seasonally adjusted, the volume of retail sales decreased by 0.6% in the month of January, with an annual increase of 1.3%. If Motor Trades are excluded, there was an increase of 1.1% in the volume of retail sales in January 2018 when compared with December 2017 and there was an increase of 5.7% in the annual […]