Irish retail stock weathering revolution in shopping habits
Fears about the future of global retail are permeating all markets, and no more so than the property sector. Foremost among concerns is the impact of the internet and autonomous private vehicles and drones and other autonomous delivery systems. These issues have and will continue to have an impact on the role of the lowly […]
Shopping Centre Portfolio – Performance Snapshot Q1 2017
“Footfall across the Bannon portfolio was +0.65% in Q1 2017” Our last quarterly update (Q4 2016) showed a strong close to 2016 for the Bannon Shopping Centre Portfolio with total footfall growth of 0.85% and total turnover growth of 3.45%. The portfolio consists of regional shopping centres in various locations across the country. The first […]
Retail warehouse in Letterkenny for sale for €3.7m
Commercial agents Bannon are quoting €3.7 million for a high-profile retail warehouse investment at Letterkenny, Co Donegal, which it said will provide a net income yield of 11%. The 2,804 sq.m (30,203 sq.ft) warehouse is occupied by Currys PCWorld and Crown Paints at a combined current rent of €428,000 and a weighted average lease term […]
Purchase of No. 49/50 Mary Street, Dublin 1
Daniel McLaughlin of Bannon has recently acquired No. 49/50 Mary Street, Dublin 1 on behalf of a private investor. The mixed use freehold property is understood to be producing a rental income of €182,000 per annum with a WAULT over 12 years. The property comprises of a three storey over basement mid-terrace building extending to […]
Trespass open their 15th store in Ireland
Trespass the value outdoor specialist sportswear brand has recently opened their 15th store in Ireland at No. 54 South King Street, Dublin 2. It is understood that Irish Life purchased the property from the previous occupier Oxfam Ireland in an off market transaction in late 2016. Trespass has over 400 stores in 70 countries worldwide […]
New retail lettings at Blanchardstown Centre
The Blanchardstown Centre in west Dublin has announced four new retail lettings which will lead to the creation of 50 full-time positions. The 120,000 sq.m shopping centre has only one 68 sq.m unit currently available to let. The new lettings will add more than €1.25 million per annum to the rent roll ranging from just […]
