NAMA appoints Cushman & Wakefield to sell €8.4bn Project Arrow
NAMA has appointed Cushman & Wakefield’s Corporate Finance team to sell the giant €8.4bn Project Arrow non-performing loan (NPL) portfolio, as the Irish bad bank accelerates its remaining wind-down.
Bannon confirms 1st industrial sale of 2015
In one the first industrial transactions of 2015 Bannon has completed the sale of Oakwest House in Western Business Park, Dublin 12. The purchase price of €2.85m equates to just over €50 psf.
Construction Tender Prices increase in 2014
The latest Construction Tender Price Index published by the Society of Chartered Surveyors Ireland (SCSI) shows that tender prices increased by 5% in 2014. Shortage of specialist contractors leading to higher prices.
Further retail recovery in 2015 predicted
Retail Ireland estimates consumer spending will rise by 2.7% in 2015, following growth of 1.3% last year. Key factors supporting further recovery over the coming months include an expected rise of 55,000 in the numbers at work and a rise of 3.5% – 4% in disposable income.
Lone Star seeking to refinance Irish assets
Lone Star, which last week bought the Jurys Inn hotel chain for €910m, is refinancing a series of properties from the Project Holly portfolio, which was bought from NAMA a year ago, and is seeking up to €400m in a five-year term senior or whole loan.
Volume of Retail Sales Up 5.1% In 2014
The volume of retail sales (i.e. excluding price effects) increased by 0.5% in December 2014 when compared with November 2014 and there was an increase of 5.1% in the annual figure.
