Bannon Acts for Hibernia Reit in €27.5m acquisition
/in InvestmentHibernia 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
/in Investment, RetailThe 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
/in Brochure, IndustrialBannon 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
NAMA’s financial highlights 2013
/in News, ReportsNAMA continues to be profitable according to the 2013 Annual Report Summary released this morning. Nama reports a profit after impairment, tax and dividends of €211m, making an operating profit, before tax and impairment charges, of €1,198m in 2013, an increase of 45% over 2012.
Docklands large-scale development gets green light
/in LandA fast-track planning scheme which would allow buildings up to 88 metres or 22 storeys high in Dublin’s docklands has been approved by An Bord Pleanála.
Aldi to open a further seven stores in Ireland
/in News, RetailAldi Stores (Ireland) yesterday announced it is opening a further seven stores and hiring an additional 450 employees in 2014.