Bannon Retail Pulse – April 2025
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 Irish Food & Beverage market.
Full report available here.
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 Irish Food & Beverage market.
Full report available here.
Great morning with Property Managers and Centre Managers with their extended teams together for a Marketing Insight Session with speakers Peter Higgins & Demi Wright from Walker Communications speaking on social media and Alex Herbert from Elevation Promotional Marketing on “Everything has changed, yet nothing has changed”.
The Bannon Property Management Retail Portfolio continues to support local communities nationwide. Ballinteer Neighbourhood Centre, located in the heart of South Dublin, has long served as a vital hub for local residents. Situated just minutes from the M50 and close to the vibrant areas of Dundrum and Marley Park, the centre enjoys excellent connectivity by car, foot, and several Dublin Bus routes.
Home to a population of over 15,500 people, Ballinteer is a bustling and close-knit community. The shopping centre plays an active role in local life, regularly supporting neighbourhood initiatives and schools in the area. It is also home to community-focused occupiers that contribute to the local atmosphere, including medical services, cafés, and independent retailers.
Ballinteer Neighbourhood Centre is committed to sustainability and environmental responsibility. Recent initiatives include the creation of bug hotels, bird boxes, and the development of wild meadow areas throughout the centre’s grounds. These efforts are designed to encourage biodiversity and support local wildlife, reflecting the centre’s dedication to maintaining a greener, more sustainable environment for the community.
Spanning over 60,000 sq.ft, the centre comprises a well-balanced mix of retail, food and beverage outlets, and essential services. Anchored by SuperValu, the centre also features a pharmacy, pub, bakery, café, barbershop, and a range of other convenience and lifestyle retailers. In 2023 a full carpark upgrade was completed designed to significantly improve convenience, safety, and overall customer satisfaction. Dedicated bays for electric vehicles, families, and people with disabilities have also been added to cater to a diverse range of needs. The upgrade includes enhanced lighting throughout the facility, improved signage for easier navigation.
With a welcoming and community-oriented layout, Ballinteer Neighbourhood Centre is designed to offer a convenient and friendly shopping experience for families and individuals alike. Its occupier mix reflects the strong sense of local identity and loyalty, with a blend of well-known names and independent businesses.
Exciting News at The Retail Park Liffey Valley!
A heartfelt thank you to our local Irish Men’s Sheds Association group for their contribution of a beautiful bug hotel here in the park! 🐞
This initiative not only boosts biodiversity but also highlights the strength of community involvement. Together, we strive to nurture a more sustainable and vibrant environment for everyone to appreciate.
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.
The Square Tallaght is one of Ireland’s leading retail destinations, offering a versatile mix of shopping, dining and entertainment options. The centre opened in 1990 and provides c. 570,000 sq. ft. of retail space, making it one of the largest shopping centres in Ireland.
The scheme is located in the heart of Tallaght, one of Dublin’s most populated suburbs, just minutes off Exit 11 of the M50. There are over 2,400 car spaces available onsite, and the centre is just a short walk from Tallaght Luas stop, making it easily accessible by car, foot & public transport.
Anchored by Penneys, Tesco & Dunnes Stores, other notable retailers include JD Sports, River Island, Easons, Lifestyle Sports & Specsavers. These are complemented by an ample range of cafes & restaurants, which include Boojum, Nandos, Insomnia & Zambrero among others. Movies@ The Square’s 13-screen cinema rounds off the centre’s broad offering, showing all the latest movie releases as well as regular VIP screenings.
The centre regularly hosts events & promotions and is very proud to continually offer a wide range of family friendly activities. The Square prides itself on being at the heart of the local community, underpinned by its sponsorship of Shamrock Rovers FC. The centre is also delighted to offer its parking facilities for any events held at Tallaght Stadium.
The Square’s range of shopping, dining & entertainment options, combined with its convenient location, has led to it becoming one of Dublin’s most popular retail destinations for locals & visitors alike. Bannon are proud to have been working with the centre as Managing Agents since 2018.
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.
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.
Swords Pavilions is where you can meet, eat, sip and shop, all under one roof. One of Dublin’s premier shopping destinations with over 100 global and national retailers to choose from, the centre offers world-class stores and is an unrivalled destination for shopping, dining and entertainment.
The centre has set the aim of being carbon neutral by 2030. It has has already been recognised with various awards for the implementation of a number of eco-friendly initiatives, such as Solar Panels, recycling programs and energy-efficient operations, aligning with modern sustainability goals.
Strategically located near Dublin Airport and just off the M1 motorway, the shopping centre is easily accessible by car, with over 2,000 parking spaces available in the centre. Parking is free for the first two hours in the centre. Swords Pavilions Shopping Centre is a major retail and leisure destination which has grown since 2021 to become one of the most popular shopping centres in the region.
Notable stores include Dunnes Stores, SuperValu, H&M, Zara, Next, TK Maxx, River Island and JD Sports. There are also ample dining options in the centre to include cafes, restaurants, and fast-food outlets, catering to different tastes and preferences. Popular options include Starbucks, Nando’s, Milano, Five Guys, Zaytoon and many more.
The centre also has a 11-screen cinema Movies@Swords, offering the latest movies and a premium viewing experience. The addition of Zero Latency in 2024 offering virtual reality gameplay makes the Pavilions a hub for leisure activities in addition to shopping.
It hosts regular events and promotions, making it more than just a shopping destination. Seasonal events such as ice skating, family-friendly activities, and cultural events often take place, enhancing its role as a community hub.
Overall, Swords Pavilions Shopping Centre is a vibrant and versatile destination, blending shopping, dining, and entertainment to cater for all needs. Its convenient location and various facilities make it a favourite among locals and visitors alike.
The awards keep on coming for the Team in Swords Pavilions. The team had an extremely busy Friday last week collecting a number of awards. These include:
Sustainable Energy Authority of Ireland (SEAI) Energy Team of the Year
Fingal Chamber Business Award for Best in Climate Action
Fingal Chamber Business Award for Business of the Year (large / corporate)
The awards are in addition several others won this year by the team. Congrats to the team in Pavilions. The awards are testament to the fantastic work being carried out in the centre.
Photo taken from Swords Pavilions
A powerful inclusivity programme has been implemented through a partnership with Dungarvan Shopping Centre and The A-Team Dungarvan that provides local assistance to people with autism, ADHD, and all abilities. The goal of the project is to increase accessibility and inclusivity for all shopping visitors. Through this initiative quiet hours were introduced in the centre every Sunday morning, Starbucks, in partnership with The A Team, sponsor a coffee morning for families of all abilities, Easons organised Art Therapy sessions, plus a number of other events all year round.
As part of the 20th birthday celebrations at the centre, it was important to continue the inclusion of all in the community. Representatives from The A-Team had a stand on the day promoting ‘Quiet Time’ by handing out balloons. For the festive season Dungarvan Shopping Centre is sponsoring the Autism friendly Family Walk in Colligan Woods, in December. As part of the Santa Meet and Greet Programme a special sensory Santa time is available for children with Autism, sensory issues or additional needs and their families. To top it off, the centre has autism car spaces available on each level signalled by Sunflower signs 🌻
From the Bannon Property Management Team, well done to everyone involved in such an important and inclusive initiative.
Bannon would like to extend a big congratulations to Jack Martin, Centre Director at The Square Tallaght, on his nomination for Tallaght Person of The Year award in the business category.
Recognition that is truly well deserved and we wish Jack the very best of luck!
Photo taken from The Square Tallaght
There was a real buzz in Dungarvan Shopping Centre this past Saturday, celebrating 20 years in business. The event was a huge success, featuring a variety of entertainment options, including a DJ, performers, and numerous prizes throughout the day. It was a day filled with festivities marking the occasion and we wish them many more successful years!
Opened in 2005, Quayside Shopping Centre Sligo is strategically located in the heart of Sligo Town, making it a highly accessible and convenient destination for over 20,000 local residents and an upward-trending influx of seasonal visitors. The centre benefits from its prime position, just a short distance from key attractions like Strandhill Beach and transport links such as Sligo MacDiarmada train station.
Recognised for its excellence in retail and community contribution for the sixth year in a row, Quayside Shopping Centre earned the prestigious title of All-Ireland All-Star Shopping Centre of the Year 2023-2024. This accolade highlights the centre’s dedication to delivering a premier shopping experience, exceptional customer service, and fostering strong connections within the community. This award cements Quayside Shopping Centre’s standing as a top-tier destination for retail and leisure in the region.
Spanning 140,000 sq. ft., the centre houses a diverse range of retail units, including fashion outlets, homeware offerings, and speciality shops. A variety of food and beverage options are also on offer, enhancing the visitor experience. Prioritising convenience, the centre offers ample parking facilities, including 420 spaces within its multistorey car park.
Quayside Shopping Centre features a well-curated mix of international, national, and local occupiers, anchored by key brands such as TK Maxx, Next, River Island, Specsavers, Insomnia & Lifestyle Sports.
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.
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.
Best of luck to the team in Swords Pavilions Shopping Centre who have been announced as Finalists in the 2024 Pakman Awards in the Business Recycling Champion category. This is deserved recognition of the hard work and diligence by the team over the past number of years in the centre. The team won this award in 2023 so its great to see them in the running again.
The Pakman Awards are Ireland’s leading National Environmental Awards that recognise excellence in recycling and waste management among businesses, organisations, community groups and individuals in Ireland.
The winners will be announced on October 24th!
We wish the Swords Pavilions team the best of luck in the final and congratulate them on being nominated again.
“I don’t see obsolescence happening in prime city centre locations. Because the values will support the costs required to convert them to a sustainability standard demanded by the market.
“But in locations where the values of offices are lower, they’ll struggle to absorb the same level of investment required. Because the cost of fixing a building will cost the same in a low-value location as a high-value location. So I think there’s a risk of viability obsolescence.
“If you’ve got to get to net zero, you can’t set the regulations lower so you’ve got to have some sort of grant or subvention to bridge the gap. If it’s financial obsolescence because the market values don’t support it, then it’s only through tax and grants that you can bridge that.
“The question for policymakers will be: do they want to do that? I understand the motivation to do that in city centres, because you need city centres to be vibrant. So you’d be very wary if large parts of your city centre office blocks becoming obsolete, because then you lose the jobs in the city centre and the vibrancy.
“Will they be as concerned about suburban locations or remote locations? I’m not sure they will. Traditionally, policymakers in Ireland like offices because offices mean jobs, and jobs are good.
“If we start seeing jobs leave locations because we’ve nowhere to accommodate them, then that’s when policymakers might start paying more attention.”
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.
Bannon, as joint agent with Cushman & Wakefield on The Square Tallaght (one of Dublin’s five major M50 retail schemes), are thrilled to have sourced the buyer for this landmark sale and overseen it past the finish line.
Congratulations to Shane Scully and the team at Eagle Street Partners on their purchase.
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.
Don’t miss your chance to attend the Shopping Centre Managers Association Ireland Conference & Expo 2024. It’s the perfect opportunity for shopping centre professionals to gain insights and network with industry leaders.
We are extremely proud to be on board this year as Entertainment Sponsors helping to bring incredible entertainment experiences to the conference. Get ready to enjoy, connect, and celebrate on Tuesday, 17th September 2024, at the Slieve Russell Hotel Golf & Country Club 🥂
As the date draws closer, delegate tickets are selling fast – secure yours now here!
🔗
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.
Bannon is delighted to have been retained as the managing agents of Tipp Town Shopping Centre following its recent sale. Bannon has been managing Tipp Town Shopping Centre since 2015 and are excited to be working closely with the new owners.
Anyone who has visited the centre in the last few weeks will already have noticed some changes and a new letting to Card Factory who opened their doors on the 23rd of July last.
Bannon is a leading provider of comprehensive property management services, with a focus on innovation, sustainability, and customer satisfaction. Bannon manages a diverse portfolio of commercial properties and deliver tailored solutions that meet the unique needs of each client.
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.
It has been a pleasure to be involved in delivering many of these deals for our client Hammerson. Both Lane7 and Rongcheng will be great additions to the Pembroke District F&B and Leisure offering.
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.
Bannon is delighted to have been retained as Property Managers for The Mill Shopping Centre in Clondalkin following the recent sale. The Mill is a popular Shopping Centre located in the heart of Clondalkin Village. We are looking forward to working with the new owner on this instruction.
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.
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.
Bannon would like to extend a big congratulations to Christine Dolan on being named 𝐀𝐥𝐥-𝐒𝐭𝐚𝐫 𝐒𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐂𝐞𝐧𝐭𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐏𝐞𝐫𝐬𝐨𝐧 𝐎𝐟 𝐓𝐡𝐞 𝐘𝐞𝐚𝐫 𝟐𝟎𝟐𝟒 by the All-Ireland Business Foundation. Your hard work and dedication as a Centre Manager at Quayside Shopping Centre Sligo have not gone unnoticed, well done on this well-deserved recognition!
Bannon is very proud to be working with fantastic Centre Management teams across a wide network of shopping centres and retail parks.
Full 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.
Your Hour, Your Power! Staff at Bannon and properties across our nationwide management portfolio of shopping centres, retail parks and offices will be taking part in Earth Hour tomorrow, Saturday 23rd March, from 8.30pm until 9.30pm.
Earth Hour is a global awareness movement in which involves lights, appliances, plant, and other items being turned off for an hour.
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.
Hambleden House
19-26 Pembroke Street Lower
Dublin 2
D02 WV96
Ireland
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Phone: +353 (1) 6477900
Fax: +353 (1) 6477901
Email: info@bannon.ie
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