IPUT completes acquisition of Musgraves Distribution Facility
IPUT plc has completed the acquisition via sale and leaseback of a high specification logistics facility at Blanchardstown Corporate Park for approximately € 10.5 million in an off market transaction that will see Musgrave’s remain in occupation of the building under a long term lease and provide IPUT with an income yield of 7.75%.
IPUT to buy Carrickmines RP as part of €157m portfolio deal with Marathon
IPUT property fund is to take over ownership of Carrickmines Retail Park in south Dublin as part of a successful tender by the New York-based Marathon Asset Management for the Irish retail parks portfolio. IPUT offered around €78 million for just the Carrickmines retail Park in the first round of bidding but Nama thought it should not be sold on its own but rather as part of the Parks Portfolio which also included four lesser-known parks in Drogheda, Mullingar, Clonmel and Carlow.
Ireland is expected to have the fastest growth in the EU in 2014
According to the 2014 Autumn Economic forecast published today, Ireland is expected to have the fastest growth in the EU in 2014 with real GDP growth forecast at 4.6%. The forecast for real GDP growth in the EU is 1.3% and 0.8% in the euro area for 2014.
Finance Ministers to launch SME bank today
A total of €800m is being made available for lending to small and medium businesses by a new State-backed Strategic Banking Corporation of Ireland (SBCI), which is being launched today. SBCI loans will aim to help fill that financing gap with longer-duration loans tailored for company needs. SCBI’s lending rates are expected to come in at 1% lower than the market rate – as well as longer durations.
Core retail sales up 3.1% this year
The volume of retail sales increased for the 11th month in a row this year, September edging 0.1% higher compared with August, and there was an increase of 5.9% for the year, according to the CSO report. If Motor Trades are excluded, there was a decrease of 0.6% in the volume of retail sales in September 2014 when compared with August 2014 and there was an increase of 3.1% in the annual figure.
Development land for sale in Drogheda, Co. Louth
Approximately 12.9 ha. (31.87 acres) of development land for sale in Newtown, Drogheda, Co. Louth. Planning permission is until July 2017 on part of the site for 260 units. One of the last major greenfield development sites in Drogheda.
