REIT secures €150m to expand property portfolio
The Irish Residential Properties (I-RES) REIT has agreed a deal with the Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) that will provide it with an additional €150m in acquisition funding which is to be used for expanding its portfolio of high-quality properties.
Donegal shopping centre put on the block
The centre is for sale by private treaty from Joint selling agents Bannon and Bundoran-based Sean Meehan & Co. The shopping centre is located right in the town centre and features significant amounts of on-site parking. It includes an anchor store of 734.3 sq.m and twelve retail units over two levels comprising 649 sq.m.
Five provincial shopping centres on sale for €50m
Five relatively small provincial shopping centre are to be offered for sale on the instructions of Nama labelled “The Harvest Portfolio”. Joint agents Bannon and Lisney are to seek in excess of €50 million for the grocery-led centres in Dungarvan, Thurles, Mullingar, Navan and Cashel which are to be sold in a single lot.
Regatta Flagship Store Opening Today
Regatta, the high performance outdoor wear brand, is opening a flagship store at the Pavilions Shopping Centre today, with another store to follow in Athlone Town Centre soon. Congrats to the Bannon letting team.
IFSC office block sells for €37.85m
Ardstone Capital, the private investment manager, and CBRE Global Investment Partners, have bought 2 Harbourmaster Place for €37.85 million in a deal that will show a net initial yield of 5.4 per cent.
Ardstone was advised by the Bannon agency while JLL acted for Irish Life
Central Bank’s new €140m headquarters Project
The Central Bank is expected to submit a planning application for its new headquarters which will be built on the Dublin Docklands site once earmarked as a head office for the former Anglo Irish Bank, which will cost an estimated €140 million, reports the Irish Times.
