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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 […]

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High street or online, retail needs the perfect pitch

Retailing has been making the headlines here with concerns over sales growth and possible rent increases at some shopping centres. However, retail sales growth has been steady, and prime rents are stable, so what is the big issue that is behind the unease? The answer is, of course, the accelerating shift into online retailing, and […]

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Retail Sales Volume decreased by 0.7% in March 2017

Seasonally adjusted, the volume of retail sales decreased by 0.7% in the month of March, with an annual increase of 3.2%. If Motor Trades are excluded, there was an increase of 0.7% in the volume of retail sales in March 2017 when compared with February 2017 and there was an increase of 6.0% in the annual figure. […]

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State to offer more than 800 sites for at least 50,000 new homes

More than 800 sites owned by local authorities and public bodies will be offered to the private market to help boost housing supply. Land banks totalling 2,000 hectares and controlled by city and county councils and other bodies including CIÉ, the IDA and HSE, are to be offered to private developers and housing associations in […]

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Foreign direct investment at ‘all time high’ ahead of Brexit

Foreign direct investment in the Republic is at “an all-time high” with the number of jobs advertised in the financial sector during the first quarter of 2017 up 60% year on year. Overall jobs postings in the Cpl Resources Employment Market Monitor grew by 14% in Q1 2017, which is strong compared to quarterly growth […]

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New tenant in Athlone Towncentre

Well done to the Bannon retail team for their recent letting. Check out Inglot this weekend at Athlone Towncentre

What will Debenhams plan mean for Ireland?

British department store chain Debenhams has unveiled a new strategy which could involve the closure of a number of stores in Britain and an exit from some of its international businesses. The review, ordered by new chief executive Sergio Bucher, is aimed at improving Debenhams’ digital offering – particularly mobile – and making its stores […]

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Residential Property Prices rise by 10.7% in the year to February

In the year to February, residential property prices at national level increased by 10.7%. This compares with an increase of 8.1% in the year to January and an increase of 5.4% in the twelve months to February 2016. In Dublin, residential property prices increased by 8.3% in the year to February. Dublin house prices increased […]