Consultancy

Consultancy

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NUMBER 1

Retail Property Management and Leasing Team in the Country

130 million

People visited Bannon Managed Schemes in 2022

Active Management Instructions Totalling c.9 million sq.ft.

1.5 million

sq.ft of Office Space Under Management across Dublin

500

Pieces of Turnover Data recorded weekly/monthly

€130 million

of Rent and €49m of Service Charge Collected Annually

Consultancy Strategic Real Estate Consultancy Technology and Research Asset Management Key Contacts Case Studies

Bannon is Ireland’s largest domestically owned commercial property consultancy. The members of our consultancy team have extensive property experience, market knowledge and practical problem-solving solutions that allow us to offer a complete professional real estate service to all our clients.

Strategic advice and recommendations to you on how to optimise your portfolio. This advice is presented in various ways such as reporting on the viability of an asset and presenting analysis on the potential development design of an asset.

As a developer and/or investor, you want to know the viability of a development. Bannon has provided design consultancy on many of the premier retail, office and mixed-use destinations in the country including Dundrum Town Centre, Pavilions Shopping Centre, ESB Headquarters in Dublin 2 and Dublin Airport Central offices. We focus on bringing a commercial reality from the design stage right through to leasing/sale of the completed development. Our approach in the Bannon Consultancy Team:
- The Bannon Design Development report will focus on ensuring that there will not only be an occupier appetite for the product being developed, but also that operational efficiencies are maximised over the life of the development.
- To achieve this, we analyse the real time market through day-to-day interaction with occupiers and investors. Then as a team we assess a site’s potential in relation to market demand.
- Design workshops are held with the client’s design team to create a development model that will meet commercial requirements and operate as efficiently as possible.
- We carry out ongoing Profitability Assessments using specialist development software throughout the design process.
- Our team provide research reports for a wide variety of client types ranging from financial institution to state agencies. Examples of the type of reports we have undertaken include:
- Town/City Centre Retail Health Assessments
  
  Long term land use strategy
  
  Identifying development opportunities
  
  Urban Retail Planning

Technology and research are indispensable tools for industry professionals. Through advanced data analysis and market intelligence technology allows, the Bannon Consultancy team provides you with valuable insights and new platforms of information. The combination of technology and research empowers our property consultants to navigate the complex market and to work with you to provide tailored solutions and relevant information.

- As the largest property manager of Retail Parks and Town Centres in Ireland, looking after schemes that generate over 130m of customer visits annually, we are the most customer centric team in the country. We have deep insight into customers’ expectations and needs. The knowledge gathered from experience and collaboration with clients, combined with data analysis skills have enabled us to provide new innovative platforms to improve productivity and profitability of assets. We take pride in the strong, long-lasting relationships we have built with our clients.

Asset management covers a myriad of disciplines and is dependent on individual client needs. At the outset of all instructions an asset management goal is established and agreed with you. This goal is derived from research carried out by the team, identifying potential areas where value can be added. This forms the roadmap for all decisions for the property.

Collaborative work with you to improve and enhance the asset involves the following approach.

Key performance indicators are analysed monthly to assess the performance of the asset. These tools can be used by you to make key decisions on the asset going forward. The ultimate goal for the Bannon team is to increase the profitable sales generated in an asset thereby increasing the sustainability of the rent roll and ERV levels. This in turn enhance value. You and your property are our key focus and is at the core of our asset management service.

The concept behind asset reconfiguring and enhancement is to position the retail asset to target the market it is best suited for and to ensure that the customer experience is of a good standard. The Bannon Consultancy team do this work in a number of ways.
- With a bespoke catchment analysis for the retail asset, the skill is identifying where the true physical and demographical boundaries of the catchment area are.
- Demographics within the true catchment and assessing how the scheme’s occupier mix relates to the demographic.
- Meeting with each store manager to understand their customer, business model, trading performance and potential and operational experience.
- Reviewing the customer experience to establish what attracts / detracts customers from visiting the asset. This includes customer surveys, review of wayfinding signage, ease of access / egress amongst others, review of appearance and ambience.
- Assessing the turnover level which is currently being captured. This provides an indication as to the potential spend available and the towns within which this spend is concentrated. It assists in determining the sustainable rent of the scheme.
The Bannon team managing assets involves:
- Reviewing and establishing occupier mix strategies.
- Restructuring leases to increase term certain, removing break options.
- Identifying a strategy for dealing with defaulting occupiers.
- Overseeing new lettings, lease renewals, rent reviews and other occupier negotiations.
- Creating evidence through lettings that will be utilised for rent reviews across balance of asset.
- Identifying development/refurbishment opportunities to create value.
- Ensuring an owner focused leasing strategy so that development potential can be unlocked at a point in the future.
- Monitoring planning applications and development pipelines to ensure asset value is protected.