• Twitter
  • LinkedIn
  • Facebook
  • Instagram
  • Client Login
  • Contact
Bannon
  • Home
  • About You
    • Investor
    • Retail Occupier
    • Office Occupier
    • Property Owners
    • Developer
    • Land Owner
    • Lender & Finance
    • Work at Bannon
    • Media
  • About Us
    • About Us
      • Meet the Team
      • Join the team
      • Sustainability
    • Our Services
      • Sales & Lettings
      • Property Management
      • Valuation & Professional Services
      • Consultancy
    • Research & Data Analysis
      • Offices
      • Investment
      • Retail
    • Case Studies
      • VIEW ALL
      • Retail
      • Investment
      • Office
      • Consultancy
      • Property Management
      • Professional Services
  • Property Search
  • Menu Menu

Case Study

Gorey Shopping Centre
Investment Sale

The Task

Bannon originally advised Davidson Kempner on the acquisition of this scheme as part of a larger portfolio (The Cornerstone Portfolio)  for a total consideration €121.5m back in 2015.  The apportioned value of the asset was approx. €8.5m.  After seven years of strong income performance, Bannon pitched Alanis/Davidson Kempner to sell the asset in 2020.  Bannon’s appointment was confirmed in 2020 but only began preparing the asset for sale post Covid in early 2022.

The Skills

Key to the Bannon platform for sale was the composition of the assets income which had transitioned from a fashion lead scheme to a “necessity retail” lead scheme including health, lifestyle, food and service occupiers (86% of income).  Conveying the relative stability of the income, akin to grocery income, having regard to a general negative backdrop to mall income was fundamental to a strong outcome.  Bannon used a marketing website, video, IM and sales data room to convey the asset attributes.

The Result

Key to the Bannon platform for sale was the composition of the assets income which had transitioned from a fashion lead scheme to a “necessity retail” lead scheme including health, lifestyle, food and service occupiers (86% of income).  Conveying the relative stability of the income, akin to grocery income, having regard to a general negative backdrop to mall income was fundamental to a strong outcome.  Bannon used a marketing website, video, IM and sales data room to convey the asset attributes.

Meet the Investment Team

Rod Nowlan

Director

Alex Patterson

Director

Case Studies

  • « BACK
  • Investor
  • Retail
  • Office
  • Consultancy
  • Property Managment
  • Professional Services

Latest News

  • Happy St Patrick’s Day16th March 2023 - 4:15 pm
  • MIPIM 202314th March 2023 - 3:27 pm
  • Happy International Women’s Day8th March 2023 - 4:47 pm
Society of Chartered Surveyors - SCSI Ireland

Our Services

  • Sales & Lettings
  • Property Management
  • Valuation & Professional Services
  • Consultancy

Address

Hambleden House
19-26 Pembroke Street Lower
Dublin 2
D02 WV96
Ireland
»Map

Contact Us

Phone: +353 (1) 6477900
Fax: +353 (1) 6477901
Email: info@bannon.ie

© Copyright - Bannon 2017 // Bannon is a registered business name for Bannon Commercial Property Consultants Limited.
Registered in Ireland: No. 384639. // Registered Address: Hambleden House 19-26 Pembroke Street Lower Dublin 2 // PSRA Licence No. 001830
  • Twitter
  • LinkedIn
  • Facebook
  • Instagram
  • Website Terms and Conditions of Use
  • Privacy Policy
  • Cookie Policy
Scroll to top