Prime Retail Investment in Dublin City Centre for €4m
Bannon are guiding €4 million for 49 Lower O’Connell Street, a Georgian retail building rented by Footlocker at €240,000 a year.
The five-storey over basement building is located at the southern end of the street close to Penneys, McDonald’s and Schuh. It has an overall floor area of 483 sq.m (5,205 sq.ft) and previously had retail use on the first floor as well as at street level.
RBS increases Project Aran to €6billion
Royal Bank of Scotland has increased its Irish non-performing real estate loan portfolio, Project Aran, by €4.3bn to approximately €6.0bn, with the same three-strong finalists now to bid across the enlarged NPL. Project Aran, derived from RBS’ subsidiary Ulster Bank’s loan book, launched at the turn of September initially with a nominal balance of €1.6bn, […]
A1 to recoup assets in Russia accumulated by Quinn family
IBRC, the former Anglo Irish Bank, has set up a joint venture with Russian investment company A1 to recoup real estate assets in Russia and Ukraine accumulated by Quinn family. The assets include a skyscraper in Russia, a DIY chain and various logistics parks.
Residential Property Prices rise by 15% in the year to September
In the year to September, residential property prices at a national level, increased by 15% the CSO reported yesterday. This compares with an increase of 14.9% in August and an increase of 3.6% recorded in the twelve months to September 2013.
In Dublin residential property prices grew by 2.5% in September and were 23.4% higher than a year ago. The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) rose by 1.1% in September compared with a decrease of 0.1% in September of last year.
Nama reports €102m profit for first half of year
Nama made a profit of €102m for the first six months of this year, and has guided that it will complete its work by the end of 2017 or mid-2018, according to its annual statement, published yesterday. This was almost double the €55 million surplus achieved in the same period of 2013. The report shows that Nama’s cash generation accelerated in the six-month period. It generated cash of €5.4 billion during the first half of this year compared with €2 billion in the same period of 2013.
Charity Home Wexford Cycle 2014 – 25th Anniversary
The 25th Welcome Home Wexford Cycle took place on Saturday, 20th September and our fellow colleagues did us proud. In support of the Peter McVerry Trust, which was established in 1983 by Fr Peter McVerry to tackle homelessness, drug misuse and social disadvantage.
