Our latest Retail Pulse has now gone live. In this months edition our Retail Leasing team look at some of the recent activity in the Retail Park market.
Full report available here.
Exciting News! Dominic Smith Electrical new store is now open at Leopardstown Retail Park in Sandyford.
Spanning over 8,000 sq. ft., the impressive new store brings a wide range of electrical products, expert advice, and exceptional customer service to the heart of Sandyford. This opening enhances the retail mix of the park, making it an even more compelling destination for customers.
For further leasing queries, please contact Darren Peavoy.
Great for Bannon to get such a loud MIPIM shout out.
Many thanks to Colm Lauder and the Business Post for the big mention quoted below:
‘Agents Bannon has long championed Ireland’s presence at Mipim through its Great Ireland Lunch, hosted by Neil Bannon and Roderick Nowlan. Now in its 20th year, this event has established itself as the premier Irish market gathering for global institutional investors, playing a significant role in attracting international capital to Irish opportunities. Over those 20 years the need for Irish stakeholders to influence global capital has grown in significance’.
Image taken from The Business Post
Neil Bannon joined Newstalk Bobby Kerr on Down to Business on Saturday to delve into the topic of Dublin retail. Is it experiencing a decline or is it simply a changing of the guard?
Listen to the insightful discussion here.
Our latest Retail Pulse has now gone live. Despite the loss of New Look (27 stores) and Quiz (3 stores) it has been a very encouraging start to the year with a number of retailers already vying for this newly available space.
In our “Expert Insight” section Neil Bannon discusses how “Competitive Socialising” concepts can provide alternative uses in existing retail destinations.
Full report available here.
Bannon, Ireland’s leading indigenous commercial property consultancy, has announced senior appointments within the business.
William Lambe has been appointed to Director of Property Management; Sarah Fortune to Divisional Director of Property Management; Cillian O’Reilly to Associate Director of Consultancy; and Daniel Murphy to Associate Director of Retail.
Will, Sarah, Cillian and Daniel are pictured with Bannon Chairman Neil Bannon and Bannon Managing Director Paul Doyle.
Paul Doyle commented; These promotions reflect on the professionalism, enthusiasm and client care shown by Will, Sarah, Cillian and Daniel in their respective areas of expertise across the business. We are extremely proud of their achievements and contributions within Bannon which is reflected in these promotions.
Excited to announce the opening of Mamma Mia Gelato at Nutgrove Shopping Centre! A delightful addition to our F&B selection, offering Italian ice cream, crepes, waffles, and bubble tea.
For further opportunities, reach out to Ali O’Gorman or Jennifer Mulholland
Our latest Retail Pulse has now gone live. In this publication our retail leasing team take a lookback at some of the notable new entrants and new store openings in 2024. Separately in our “Expert Insight” section Neil Bannon looks at the recent economic data and what this is likely to mean for the retail sector for the rest of 2025 and beyond.
Full report available here.
Our latest and final Retail Pulse of 2024 has now gone live. In this publication our retail leasing team provide a summary of some of the deals which we completed in 2024. Separately in our “Expert Insight” section Neil Bannon looks at the dichotomy between how the property industry is constantly looking backwards at previous transactions to establish value, whereas investors are only interested in looking forward to the future.
The team at Bannon would like to wish all our clients and the industry at large a very Happy Christmas and a prosperous New Year. Roll on 2025!
Our Retail Pulse is updated monthly and all are available on our website – www.bannon.ie.
Full report available here.
‘Our latest monthly Retail Pulse has now gone live. In this publication our retail leasing team review the various Pop Up shops that are active in the market at this time of year. Separately in our “Expert Insight” section Neil Bannon looks at the evolution of the Christmas trading period and how it is now occurs over an extended period of time and doesn’t present the same level of risk to retailers as once was the case’.
Full report available here.
The Bannon retail team are at MAPIC for the annual retail conference. The International Retail Network (TIRN) cocktail drinks are in full swing with a really positive outlook from retailers for 2025!
Neil Bannon joined Newstalk Mandy Johnston on Down to Business on Saturday to discuss the trend that retail property prices in the provincial retail sector seem to be increasing in value.
For the full discussion, please click here.
Our latest monthly Retail Pulse has now gone live. In this publication our retail leasing team review recent openings/signings in the run up to a busy Christmas period.
Separately in our “Expert Insight” section Neil Bannon looks at the evolution of lease agreements and the frustration among some European headquartered retailers with the complexity of Irish leases. In general “less is more”, however in the context of Irish leases the inverse would appear to be the case.
Full report available here.
It’s fantastic to see KIKO MILANO open their doors on 2 Henry Street this morning. This one has been a while in the making and we at Bannon are proud to deliver this retail first to Ireland on behalf of our clients Irish Life Investment Managers.
Italian cosmetic giant KIKO Milano was founded by Antonio Percassi in 1997 and operate more than 1,000 standalone stores in 63 in countries around the world.
The opening is another positive testament for Henry Street, and Kiko join Lovisa Pty Ltd in choosing Henry Street as their first location for Irish expansion in 2024.
It was a pleasure working with Tom Pope at Lightlease who acted on behalf of KIKO Milano.
For remaining limited leasing opportunities owned by Irish Life Investment Managers on Henry Street please contact Jennifer Mulholland or James Quinlan.
Great to see the latest additions to The Crossings @ Adamstown, where Belfry & Co Café and ABC Gyms have officially opened their doors. These new openings will provide the area with a range of options for fitness, dining and coffee.
They join Dublin Bay Vets, THE GRAFTON BARBER, Tesco Ireland and Aldi Ireland who are open and trading with further openings to come soon. In an area experiencing such rapid residential growth, these openings are crucial in establishing a vibrant town centre for the Adamstown community.
For further enquiries, please contact Darren Peavoy or Mark Hayden.
Another busy few weeks for the OAKBERRY Ireland team, capped off with the official opening of Oakberry Maynooth!
Maynooth marks store number six for Oakberry in Ireland, with another few potential surprises to come in the run up to Christmas.
Thanks as always to OAKBERRY for their continued trust and to Coonan Property who acted on behalf of the landlord.
For further enquiries, please contact Daniel Murphy or Mark Hayden.
Wishing all at Shaws Department Stores a very successful opening this morning at Golden Island Shopping Centre Athlone. It was a pleasure to have acquired the unit on their behalf. We will be looking for more locations over the coming months.
Our latest monthly Retail Pulse has now gone live. In this publication our retail leasing team focus on city centre footfall, occupancy rates and the knock on effect on leasing activity.
Separately in our “Expert Insight” section Neil Bannon looks at some of the key macro-economic changes in the last 10 years which are impacting the retail sector. It’s hard to find the negatives in any of the data!
Full report available here.
The Bannon retail team has had a busy few weeks working with our client, Davy, to complete a series of lettings and lease renewals across Harbour Place, Thurles, and Dungarvan Shopping Centres.
In Mullingar, we’re excited to welcome Eden Medical Clinic as the latest addition to the occupier line-up in Harbour Place. Existing occupier Love Lucy has also renewed their commitment to the centre for another five years.
Thurles Shopping Centre will soon be home to Mobile King, who are preparing to open their second Irish store in the coming weeks.
In Dungarvan Shopping Centre, Carriglea Cáirde Services will establish a new community hub, offering crucial services and support for people with intellectual disabilities in West Waterford.
These transactions underscore the continued strength of regional retail centres, and we’d like to extend our thanks to Davy for their continued trust and partnership.
For leasing enquiries, please contact Ali O’Gorman or Daniel Murphy at Bannon.
Great to see our client Swatch opening their latest international flagship and their first full sized Irish store.
Great to see another exciting addition to The Square Tallaght line-up with the opening of beauty and wellbeing brand, Rituals UK & Ireland, on level 2 last week.
The new store boasts an impressive modern fit-out and offers the full Rituals suite of body care, skincare, home fragrances and wellness products. Rituals is already proving very popular among The Square customer base and we wish them well for the years ahead.
For further leasing queries, please contact Daniel Murphy or James Quinlan.
Our latest monthly Retail Pulse has now gone live. In this publication our retail leasing team focus on leasing activity in new developments.
Separately in our “Expert Insight” section Neil Bannon looks at the importance of a deeper understanding of data (the Relevance of Relativity) and how this is impacting investors appetite for the sector.
Full report available here.
We are delighted to announce the arrival of luxury jewellery brand Austen & Blake to Henry Street, as they prepare to open their second Irish store.
This exciting addition highlights the ongoing resurgence of high street retail and retailers growing confidence in Henry Street as a premier shopping destination.
Austen & Blake will sit alongside neighbouring brands on the street, including Lovisa Pty Ltd, Pandora, and SWAROVSKI.
We look forward to seeing the store when it opens.
For further leasing opportunities please contact the Bannon retail team.
Lovisa opened their new store over the bank holiday weekend in Dundrum Town Centre showcasing an impressive fit out!
This marks another exciting new addition to the centre which has seen significant activity with the recent openings of Mango and Space NK.
For further leasing opportunities please contact Ali O’Gorman, James Quinlan or Daniel Murphy.
Another new store for Petstop in Waterford! The quality of fitout and what is on offer is second to none with an extensive range for all your pet needs. Congratulations to all the team and we wish you the best of luck 
Image by: Petstop
Pandora opened their doors in Marshes Shopping Centre, Dundalk on Friday. The fit out is fantastic and this international retailer is a great addition to the strong occupier mix. There was a real buzz around the shop over the weekend and the brand is being warmly welcomed.
For remaining lease opportunities, please don’t hesitate to contact Jennifer Mulholland or Ali O’Gorman.
Our latest monthly Retail Pulse has now gone live. In this publication our retail leasing team review activity during the first half of the year.
Separately in our “Expert Insight” section Neil Bannon looks at the ongoing juxtaposition between the replacement cost of retail developments and recent Economic and Social Research Institute (ESRI) population projections. To put it simply the value of almost all existing retail assets is less than the cost of creating a new equivalent. For this reason, one must assume that there is unlikely to be any new retail stock of any significance for the foreseeable future and the demand for existing stock is likely to remain high.
Full report available here.
The transformation of Dundrum Town Centre from traditional shopping centre to all-round lifestyle and leisure destination continues, as shopping habits keep changing in response to the growth of online retail.
Having lain dormant since the departure of its original tenant, the British toy retailer Hamleys in 2018, the large corner unit at Pembroke Square fronting on to Ballinteer Road is to become home to boutique bowling alley operator Lane7. The venue, which is due to open for business this December, will extend to 14,500sq ft and offer 10-pin bowling, augmented darts, floor shuffle, curling, ping pong, pool and dedicated karaoke booths.
The signing of Lane7 by Dundrum Town Centre owner Hammerson follows on from the brand’s successful opening last October of its largest-ever location at Hammerson’s Bullring & Grand Central shopping centre in Birmingham.
While Lane7′s Dundrum premises had been pencilled in for occupation by the Stella Bowl, a bowling alley, cocktail bar and diner concept operated by Paddy McKillen jnr and Matt Ryan’s Press Up Entertainment Group, The Irish Times understands that Hammerson decided on a change of strategy for the Pembroke Square unit some time ago and pursued a deal with Lane7 instead.
A new Chinese restaurant, Roncheng, will be located beneath Lane7. The venue, which will extend to 4,700sq ft, is due to open in the final quarter of this year and will, according to its promoters “bring the five traditional flavours of the Far East – sweet, bitter, sour, spicy and salty – to Dublin, against the backdrop of a vibrant and refined setting”.
Australian jewellery specialist Lovisa will also open a new store at Dundrum, meeting demand among younger people for on-trend affordable jewellery. The brand has rapidly expanded its presence in the UK and Ireland, and this will be its fourth store in Dublin.
Digital-native jewellers Dylan Oaks will also open its first store in Dublin later this year at Dundrum Town Centre. The brand has grown its large following for personalised necklaces, bracelets and other pieces by partnering with social media influencers.
Commenting on Lane7′s decision to locate at Dundrum Town Centre, Connor Owens, managing director of Hammerson’s Irish asset management division, said: “This is another important milestone for Dundrum, as we continue to reposition our assets through new social concepts, which not only diversifies our occupier mix, but also drives footfall and customer engagement.
“Last year was significant for our Irish portfolio. Virtual reality concept Zero Latency opened at Swords Pavilions, expanding the centre’s use and proposition, while at Dundrum we repurposed over 200,000sq ft to introduce the first-ever Nike Live in Ireland, a new flagship Penneys, and Dunnes Stores, which in turn pushed footfall up by 3.3 per cent year on year.
“We’re excited that, through new uses and concepts, our vision to transform our portfolio from places where people come only to shop, to multipurpose ‘destinations’, is coming to life.”
Gavin Hughes, managing director of Lane7, said: “We are incredibly excited for Lane7′s first venue in Ireland. We know how much the people of Dublin love a good night out, and we’re looking forward to showing them what Lane7 has to offer.”
A busy few days for the Bannon Retail team touring Liverpool, Manchester and Birmingham looking at new retail and leisure openings and getting a handle on new market trends!
Thank you to our clients Hammerson for kindly arranging an excellent and very informative tour of Bullring & Grand Central Birmingham with Dan Murphy and Ruth Amor yesterday!
Delighted to see EZ Living Furniture open their doors in Drogheda Retail Park yesterday! Another fantastic brand addition to an already impressive line up.
For further letting opportunities, please contact James Quinlan.
The retail team track the evolution of Occupiers on Grafton Street whilst Neil Bannon highlights the positive indicators that suggest a benign outlook for retail sales.
To view the full report, please click here.
Our latest monthly Retail Pulse has now gone live. In this publication our retail leasing team highlight Irish occupiers and franchisees with ongoing expansion requirements.
Separately in our “Expert Insight” section Neil Bannon looks at recent household net worth data from the Central Bank of Ireland and the impact that a reduced gearing ratio may have on retail spend.
To view the full report, please click here.
OAKBERRY have recently opened their second Irish store in Blackrock, Dublin.
Oakberry, the world’s leading providers of Acai Bowls with over 700 stores worldwide, have officially opened their doors on Blackrock’s Main Street. The brand is committed to bringing health-conscious, delicious options to their customers, with other locations due to open in the coming months.
Bannon are now seeking opportunities nationwide for openings in Q3/Q4 of this year. If you have any potential locations in mind, please don’t hesitate to reach out to Mark Hayden or Daniel Murphy.
The next phase of openings in The Crossings @ Adamstown is under way! Urban Vets and THE GRAFTON BARBER have now opened their new stores, in what will be the new Village Centre for the Adamstown area. They join Tesco and Aldi who are already open and trading. The Urban Vets and Grafton Barber additions are the start of the 20 further retail and food units which will make up The Crossings.
Demand for the scheme has been strong and we are excited that more lettings will be announced very soon. We look forward to seeing more stores opening and the creation of the Village Centre which will become a hub for the wider Adamstown community.
For more information on the few remaining units feel free to contact Darren Peavoy or Mark Hayden.
Great to see The Pantry now open and trading in The Swan Shopping Centre, Rathmines. A really nice brand providing a high quality food offer to compliment the existing tenant mix. Further new store openings to be announced in the coming weeks.
We have limited space remaining, please don’t hesitate to get in touch with Jennifer Mulholland to discuss any requirements.
Our latest monthly Retail Pulse has now gone live. In this publication our retail leasing team focus on the Food & Beverage sector and in particular the most active brands in the market place.
Separately in our “Expert Insight” section Neil Bannon looks at the most recent CSO data, specifically retail sales, inflation and household savings. Are Irish consumers ready to break open the Piggy Bank?
To view the full report, please click here.
The Bannon Retail Team at Completely Retail Marketplace today with good interactions and positive discussions taking place with retailers looking to expand.
James Quinlan Darren Peavoy, Jennifer Mulholland and Daniel Murphy
Sligo business leader Christine Dolan has been named Business All-Star Shopping Centre Industry Business Person 2024 by the All-Ireland Business Foundation.
Christine is the Centre Manager of Quayside Shopping Centre located in the heart of Sligo Town.
For almost two decades, Quayside Shopping Centre has consistently upheld the highest standards of trust, commitment, performance, and customer centricity.
Distinguished by its unique combination of open streets and covered malls, Quayside Shopping Centre is meticulously designed to cater to the needs of contemporary retailers while ensuring that customers enjoy a relaxed, secure, and convenient shopping experience.
Much of the centre’s welcoming atmosphere is down to the direction of Christine Dolan who has put local customers at the very heart of the Sligo business.
Her innovative marketing, customer engagement, and tenant relations strategies have distinguished Quayside as an industry leader, offering a diverse shopping experience.
Business All-Star Shopping Centre Industry Business Person 2024 accreditation comes in recognition of her performance in her role as Centre Manager.
Announcing the news of Christine’s achievement, Deputy Chair of AIBF’s Adjudication Board, Kieran Ring, said:
“I am delighted to acknowledge Christine Dolan, Centre Manager of Quayside Shopping Centre, as the Business All-Star Shopping Centre Industry Business Person Of The Year 2024. With her extensive experience and deep understanding of retail, Christine’s leadership has made quayside a vibrant retail hub. Her innovative marketing, customer engagement, and tenant relations strategies have distinguished Quayside as an industry leader, offering a diverse shopping experience.”
Reacting to the news of her company’s achievement, Quayside Centre Manager Christine Dolan said:
“At Quayside Shopping Centre, we have always strived to uphold the highest standards of excellence, driven by a commitment to our customers and community. This recognition underscores the dedication of our entire team and reaffirms our commitment to delivering an exceptional shopping experience in the heart of Sligo. Together, we will continue to innovate, engage, and serve our loyal customers, ensuring that Quayside remains a vibrant hub for our community. Thank you to the AIBF for this meaningful recognition.”
Managing Director of the All-Ireland Business Foundation Kapil Khanna said: The accreditation, which is now held by over 650 firms, is needed by the thousands of small and medium businesses which operate to their own standards but have nothing to measure them by.
He said: We evaluate a company’s background, trustworthiness and performance, and we speak to customers, employees and vendors. We also anonymously approach the company as a customer and report back on the experience. The business goes through at least two interviews and is scored on every part of the process against set metrics.
Article Published by All Ireland Business Times
Congratulations to Petstop on the opening of their new store in Wexford! The quality of fitout and the range of pet products on offer is truly impressive. We wish the team all the best with their new store and look forward to the next opening in the coming weeks. Well done!
Image by: Petstop
Bannon’s latest monthly Retail Pulse has now gone live.
In this publication, Neil Bannon highlights that consumer spending keeps pace with inflation supporting continued high occupancy levels.
To view the full report, please click here.
Specsavers have just opened their newest optical and audiology store in Gateway Shopping Park, Galway. The 4,300 sq. ft. letting brings Phase 2 of the scheme to full occupancy. A great achievement for all involved as this is the largest retail development in the West of Ireland in recent times. Gateway Retail Park now boasts a strong and diverse tenant mix and is proving a strong draw for Galway shoppers.
Get in touch with Darren Peavoy to discuss further letting opportunities.
Oakberry, one of the world’s leading purveyors of so-called superfood the açai bowl, has signed leases for four more shop locations in Dublin. Having already opened for business on South Anne Street, the company, which has more than 400 outlets across 43 countries, has now agreed deals for premises at Central Plaza and the Ilac Centre in the city centre, and at Blackrock Village and Nutgrove Shopping Centre in south Dublin.
Oakberry’s signature offering is the açai bowl, comprising toppings that include seasonal fruit, peanut butter and chia pudding. Its stores also offer personalised smoothies and açai snack bars.
Commenting on its planned expansion within the Dublin market, Nick Twomey of Oakberry Ireland said: “These locations represent exciting opportunities for us to connect with the local community and provide them with our delicious and nutritious açai bowls. We look forward to welcoming customers to experience the Oakberry difference.”
The new outlets are scheduled to open in mid-April or May, pending final preparations and regulatory approvals. Danny Murphy of Bannon represented Oakberry in the lease discussions.
He said: “These openings underscore Oakberry’s commitment to providing accessible and healthy dining options for Dubliners. We look forward to further developing the Oakberry store network around Ireland over the coming years.”
Outside of its planned expansion in the capital, Oakberry said it intended to open a further 15 outlets across Ireland over the next three years. Parties interested in securing an Oakberry franchise in the Republic of Ireland should contact ireland@oakberry.com.
Lots happening in Dungarvan Shopping Centre, Co Waterford in the last few months with the opening of Pamela Scott, Zara Lily, Integrity Martial Arts, Lana Thai (signed) and Eason’s committing to a new long-term lease along with a full store re-fit.
These new occupations and store investment demonstrate a continued confidence in the performance of regional shopping centres.
Get in touch with James Quinlan, Darren Peavoy, Jennifer Mulholland, Lorcan Keenan, Daniel Murphy, Ali O’Gorman and Mark Hayden to discuss further opportunities.
Another one in the Back of the Net! Liverpool Football Club are now open and trading in their upsized store in Ilac Shopping Centre. The Club which has such a strong Irish fan base opened to trade in Ilac over 10 years ago. The strength and performance of the brand led to a requirement for additional space and we are delighted to deliver this new letting for our clients Hammerson and Irish Life Investment Managers.
For remaining leasing opportunities, please don’t hesitate to contact Jennifer Mulholland, Lorcan Keenan, Ali O’Gorman.
New Look show their commitment to Ballincollig by signing a newly extended lease in castlewestcork.ie. A positive story for the retailer and their trading performance in Ireland despite challenges in the UK and for the Centre which is anchored by Dunnes Stores and Sports Direct.
Another new store for Petstop is now open in Athlone with an extensive range for all your pet needs. The quality of fitout and what is on offer is second to none.
Bannon is continuing to seek locations nationwide for Petstop with another store in Wexford planned in the coming weeks!
Image by: Petstop
Bannon’s latest monthly Retail Pulse has now gone live.
In this publication, Neil Bannon discusses the concept of a “vibecession” and whether such a term is descriptive of the current Irish economic picture.
To view the full report, please click here.
Shopping centres serve as more than just places to shop; they are social hubs that bring communities together. Among the amenities that enhance the shopping experience, family rooms stand out as vital spaces that promote inclusivity, convenience, and well-being for families. These designated areas cater to the needs of parents and caregivers, offering a range of amenities that make outings with children more manageable and enjoyable.
Shopping Centres have a responsibility to meet customer expectations and adapt accordingly. By providing a safe and comfortable space for all members of the community, family rooms promote social inclusion and ensure that everyone can participate in the shopping experience, without barriers.
Convenience is another significant aspect of family rooms given the challenges of navigating crowded centres with young children. Family rooms offer a convenient place for nappy changing, breastfeeding and bottle feeding.
By catering to the needs of families, shopping centres can attract a loyal customer base and differentiate themselves from competitors. Additionally, positive experiences in family-friendly environments are likely to lead to repeat visits and word-of-mouth recommendations, ultimately driving foot traffic and increasing revenue for retailers.
An example of this type of project in the community is the recently installed family room at Swords Pavilions Shopping Centre. Opened in May 2023 and located on the ground floor, it has created an environment for privacy and has received excellent customer feedback.
The Bannon Property Management team works with shopping centres across Ireland, to support them in enhancing the shopping experience and promoting community well-being. By providing a welcoming space with essential amenities and fostering a sense of inclusion and support, these facilities contribute to making outings with children more manageable and enjoyable for families.
Author: Aoife McGovern, Surveyor, Bannon
Date: 26th February 2024
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