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.
Bannon secures new tenant for Woodford BP
Bannon has secured a new tenant for a modern warehouse unit extending to 9,450 sq.ft at Unit 6.2 Woodford Business Park, Santry. Hella Group, the global car parts manufacturer, has agreed a letting of Unit 6.2 to cater for expanded product lines in the Irish market and to secure the company’s future growth.
Paul Doyle appointed to Managing Director
The Board of Bannon Commercial Property Consultants is delighted to announce the appointment of Paul Doyle to the role of Managing Director.
Former Managing Director Neil Bannon will continue as head of Asset and Property Management.
