Retail Investment for Sale in Cavan Town
Bannon & Crotty Auctioneers are delighted to bring to the market the sale of Townsparks in Cavan Town. The investment is guiding €1,950,000 plus VAT which represents an initial yield of 15%.
NTMA offers outright buyback terms for Treasury Bond 2016
The National Treasury Management Agency (NTMA) will, today, offer outright buyback terms for the 4.6% Treasury Bond 2016 and will also offer switch terms from the 4.6% Treasury Bond 2016 into the 3.9% Treasury Bond 2023. Those opting to swap the 2016 bonds will be offered 2023 bonds at a price of 114.177, a 2.095% yield. The debt agency has said the country is already fully funded for 2014 and has raised over 70% of the €8 billion earmarked to fully pre-fund for 2015.
High Court decision in the Bewleys case overturned
High Court decision in the Bewleys case overturned. Supreme Court unanimously finds that the upward only rent review provision in the lease stands.
Changes to Commercial Rates Law effective today, 1 July 2014
Changes to Commercial Rates law, which come into effect today, 1 July 2014, allow businesses to take up new premises without fear of facing rates arrears from previous occupiers whilst not affecting the collection powers of the relevant local authorities to recoup the rates arrears in question.
SME reports €8.6bn in loans are in arrears over 90 days
The Central Bank has published an SME Market Report compiled by economists in the Financial Stability Division. This report gives an up-to-date picture of developments in the Irish SME credit market, it provides information on credit demand, credit access, loan terms and conditions, loan default, interest rates and credit market concentration.
Nama finalizes €5.6bn sale of Project Eagle loans
Nama has finalized the sale of its Project Eagle loans, mostly based in the North, to Cerberus Capital Management. The deal first emerged last month, among the assets are the Lanyon Plaza and the Soloist buildings in Belfast, developed by William Ewart properties.
