Distribution Facility Sale in Naas Enterprise Park
Bannon has recently completed the sale of an extensive 45,500 sq.ft warehouse/distribution centre in Naas Enterprise Park, Co. Kildare (formerly Toughers Industrial Estate). The modern facility was let to Pharmapac Ltd at an annual rent of €132,000 from April 2015. The sale price equates to an net initial yield of just over 10% to the […]
Ardstone Capital clears out last of its Dublin office portfolio
Ardstone Capital has sold the last of its Dublin office investments amid increasing speculation that office values in the city may have peaked. In its most recent sale, Ardstone settled on a profit of about €3 million for Block P2 in Eastpoint Business Park. This was sold to Avestus Capital Partners and Ares Management for […]
Smiggle Mania Hits Ireland
Smiggle, the world’s hottest stationery brand opened its first Irish store in Dundrum Town Centre this morning. As the original creator of colourful, fun and fashion-forward stationery, Smiggle designs, develops and markets an expansive range of products that are perfect for the office, school, homework, birthdays and fun. Smiggle, where a smile meets a giggle, […]
European Commission forecasts ‘robust expansion’ of Irish GDP
The European Commission is forecasting a robust expansion of Irish gross domestic product (GDP), but at a moderating pace. The commission expects GDP to grow by 4% in 2017 and 3.6% in 2018. That growth is far above the expected euro area GDP growth of 1.7% in 2017 and 1.8% in 2018. Earlier this week […]
Residential rents now 10% higher than their 2008 peak
The rental market has, for over five years now, shown increasing signs of distress, with stronger demand but weaker supply each year. Market rents in Dublin, for example, are now 66% higher than at their lowest point. Outside Dublin, rents have risen 41%. A key part of the political reaction has been the introduction of […]
High street or online, retail needs the perfect pitch
Retailing has been making the headlines here with concerns over sales growth and possible rent increases at some shopping centres. However, retail sales growth has been steady, and prime rents are stable, so what is the big issue that is behind the unease? The answer is, of course, the accelerating shift into online retailing, and […]
