Retail Ireland welcomes new Retail Consultation Forum
Retail Ireland has welcomed the opportunity to participate in this week’s inaugural session of the Government’s new Retail Consultation Forum.
New office construction gearing up
Johnny Ronan was responsible for the vast majority of the large- scale office projects in Dublin in recent years including the 700,000sq ft Central Park; the 100,000sq ft high rise Monte Vetro sold to Google; the 200,000sq ft Connaught House and Bank of Ireland HQ on Burlington Road and the 400,000sq ft PwC and Fortis blocks at Spencer Dock along with the adjoining National Convention Centre.
Construction activity builds upwards according to recent PMI
Ulster Bank’s monthly construction purchasing managers’ index (PMI), a seasonally adjusted index designed to track changes in construction activity, posted a score of 60.2 points for May; down on the previous month’s 63.5 point reading but still ahead of the neutral 50-point mark which separates a sector in decline from one in growth mode. The rise in new business came from both domestic and external markets.
Bannon Acts for Hibernia Reit in €27.5m acquisition
Hibernia REIT has acquired a building on the Hanover Building at Windmill Lane in Dublin’s south docks and has also acquired an adjoining site for €27.5 million. It plans to redevelop both properties. The building generates €1.5 million in rent per annum, with the purchase price implying a net initial yield of 7.3 per cent.
Woodstown Village Centre sold for €3.8m
The Woodstown Village Centre at Knocklyon, Dublin 16, which was sold in 2006 during the property boom for over €8 million, has been resold for over €3.8million. David Carroll of Bannon handled the sale for Declan McDonald of PwC, who was appointed receiver by the Ulster Bank.
High Bay Distribution/Logistics Facility For Sale in South-West Dublin
Bannon has commenced marketing Oak West House a modern high-bay distribution/logistics facility extending to 5,231.6 sq m (56,312 sq ft) at Oak Road, Western Business Park, Dublin 12
