Bannon Retail Pulse – October 2022
Occupancy rates continue to improve and retail sales reach an inflection point. To view the full report, please click here.
Investment Market Commentary Q3 2022
The Irish Commercial Real Estate (CRE) sector performed strongly in Quarter 3 with over €1.77 billion invested in Irish commercial property across 47 transactions. This figure was underpinned by the Ronan Group’s sale of the Salesforce HQ on Spencer Place and a 204-bedroom hotel for €500 million, the largest transaction by some margin. Annual turnover will […]
The Crossings, Adamstown
A very exciting site visit earlier this week for Bannon’s Consultancy Team with Quintain Ireland at The Crossings, Adamstown where Tesco Ireland and Aldi Ireland are fitting out their new stores. Bannon are delighted to be appointed as Management and Lettings Agents for The Crossings, which upon completion will be the first new Irish shopping […]
At a Glance: Office Market Q3 2022
The Dublin office market performed strongly in Q3 with take up reaching 819,337 sq.ft. across 60 transactions, bringing the year-to-date figure to just over 1,820,000 sq.ft. To put this figure in context, it represents a 77% increase on Q3 2021, a 256% increase on Q3 2020 and 134% increase on Q3 2019 levels (pre covid). […]
Why Ireland for retailers? Why Not Ireland.
When a retailer considers expansion within or entry to a new territory, they must assess a wide range of factors to make a financially viable decision. Rather than Why Ireland, the Bannon Retail Team are using economic data to demonstrate to retailers – Why Not Ireland. To start, there are several key statistics to Why […]
Owners of environmentally-unfriendly offices are in for a rollercoaster ride
Following an extended period of “head burying”, most property fund managers are bracing themselves for material negative valuer adjustments across their portfolios (with the potential exception of retail which has already been massively discounted). This trepidation is clearly derived from the escalating impacts of the war in Ukraine, spiralling inflation, rising interest rates, looming recession […]
