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.
Irish Construction Sector monitors fastest rise in a decade
The Ulster Bank construction purchasing managers’ index (PMI), which monitors the health of the sector, rose from 61.5 in September to 64.9 last month with commercial activity expanding at a strong pace from 62.7 to 66.8 and the civil engineering facet of the index rising from 45.1 to 50.6. This was the second highest reading since the survey began in June 2000, only behind the reading seen in November 2004.
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.
