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.
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.
