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Eason building in the heart of Galway for sale at €8m

One of the best shops in Galway city centre is on the market for more than €8 million through agent Bannon. It is being sold on a sale-and-leaseback basis by books and stationary retailer Eason, which has occupied the building at 33 Shop Street for the past 30 years. Eason is to take a 25-year […]

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Davy fund buys majority stake in Navan Town Centre for bargain €43m

A majority stake in Navan town Centre, which was on the market in 2016 for €62 million, has just been bought for about €43 million. However, the off-market sale, which was handled by Rod Nowlan of Bannon and has just received clearance from competition authorities, did not include a residential element valued at less than €5 million […]

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Dublin logistics facility owned by Iput set for €3m refurbishment

Iput is to invest about €3 million refurbishing a large logistics facility it has just acquired for €19 million beside Dublin Airport. The acquisition is sizeable and significant in terms of the industrial market, which has been experiencing renewed interest from investors due to growth in online retailing. Refurbishment works are already under way at […]

Dublin hotel occupancy reached record high in 2018

Occupancy at Dublin’s hotels reached a record level last year helped by a large number of events held in the capital. According to data from travel research company STR, Dublin’s hotels far outperformed their European peers as absolute occupancy rose to 83.8% – the highest level for any year in STR’s Dublin database. Revenue per […]

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Construction index hits four-month high

The construction industry is expanding rapidly, with commercial building leading the way, and although the pace of gains in house-building slowed slightly from November it is at levels seen before the crash, according to Ulster Bank’s Construction Purchasing Managers’ Index (PMI). The overall index hit 56.3 in December, up from 55.5 in November, a four-month […]

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Festive cheer: Record Christmas for grocery stores

Irish consumers spent €995m on groceries in December Shoppers spent an average of €694 on groceries in December (€151 more than the typical month). Dunnes Stores – 23% Tesco – 22.3% Supervalu – 21.8% “Irish shoppers showed a willingness to splash out over the festive break,” “Branded and premium private label ranges grew by 3.8% […]