Case Study
Pret a Manger
Acquisition Agent
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
The Task
Pret a Manger decided to enter the Irish Market targeting their first opening in 2022. Bannon were appointed in 2021 to commence work on identifying key locations for their first 5 stores. Bannon’s role is to identify on and off market opportunities in the agreed locations and negotiate leases in these locations.
The Skills
Bannon met with Pret a Manger to understand they key metrics for new stores, in terms of their size and location requirements and once these were understood produced a list of target locations for the initial store roll out. Bannon carried out searches in the key target locations and identified specific targets. When a target property was agreed with Pret Bannon negotiated the lease structure and provided support through the legal process.
The Result
As of June 2022, Pret a Manger have two leases agreed, one in negotiation and a further two under offer. The next tranche of targets are being identified to follow in 2023. The first Pret a Manger store will open on Dawson Street in August 2022.