French investor in €24m deal for MetLife’s Dublin headquarters
Price paid represents 40% discount on valuation ascribed to prime city centre office block in 2018
Price paid represents 40% discount on valuation ascribed to prime city centre office block in 2018
New owner in line for 9.5% return on investment from strong tenant line-up
Two parcels of zoned land totalling 19.26 acres are within short distance of both Millennium Park and Aldi distribution centre in Kildare
Sleepzone is rebranded as Dawson Hostel following acquisition by owners of former Dawson Hotel in Dublin
Investment trusts have historically appealed to investors seeking income as like other public companies they will often pay out dividends
New technology could unlock at least some of the €150 billion sitting in savings accounts and allow for investment in real estate in smaller, accessible amounts and at an earlier stage in life
Property occupies prime south-city location and is generating annual rental income of €241,484
Nine-screen Odeon cinema comes to the market while sale of Ireland’s largest shopping centre rumbles on
Ground floor and basement level of number 55 comes for sale fully let to Claddagh Jewellers on new, 10-year lease from July 2023
Former premises of Kylemore cafe, seeking €9m, occupies high-profile location overlooking the Spire and the GPO in the heart of Dublin city centre
New €4.4m guide for 12 and 13 Fitzwilliam Place, mews buildings and apartment represents 32% discount on original €6.5m price tag
Swords facility is fully let to the OPW on 20-year lease from September 2010 at a rent of over €1.3m per annum
No 6 comes for sale fully let at ground- and upper-floor levels to well-known newsagent, Bus Stop, and to tanning salon operator
11 plots distributed across Wicklow, Kildare, Louth, Westmeath, Donegal, Galway, Cork and Waterford
Sale of Dublin 4 property offers scope for development of up to eight apartments to complement existing retail space
No 46-52 Main Street almost fully occupied and generating €526,130 in annual rental income
Rising interest rates and falling inflation have created a positive environment for this type of investment
Esker monastery and lands near Athenry being sold on behalf of Redemptorist Order after more than 300 years in religious use
Iroko Zen stands to secure 8% net initial yield from fully let property in prime location off the bottom of Grafton Street
Latest figures from BNP Paribas Real Estate show first-quarter spend came in at €161.7m, or just 15% of 10-year average
New owner in line for 9.09% return on investment underpinned by lease to Office of Public Works
US real-estate investor Grand Coast Capital acquired prime property in Dublin’s south city centre in 2016
Press Up venues have undergone significant refurbishment works since being acquired by developer and business partner Matt Ryan
Scheme is fully occupied and generating €2.2m in annual rental income from strong tenant line-up led by DIY retail giant, Woodie’s
Unit 6B at Northern Cross Business Park offers buyer strong tenant covenant and immediate rental income of €265,000 per annum
Building 4 at Parkmore West in Galway fully let and generating nearly €500k in annual rental income
Property generating €402,544 in annual rental income from strong tenant line-up that includes Eddie Rockets and Wowburger
Number 43 comes for sale with the benefit of vacant possession and freehold title
Robbie Coakley, formerly of Kroll and BNP Paribas Real Estate, to join newly established division
Citypoint scheme overlooking Eyre Square has strong tenant line-up, led by US discount retailer TX Maxx
The Swords Collection portfolio is generating €568,250 in annual rental income from McDonald’s and ASL Aviation Holdings
Sale and leaseback of Citywest premises promises 5.26 per cent yield
Archway House is generating a total of €112,500 in annual rental income from three tenants
Restaurant, creche and retail opportunities for sale within established residential development
New owner in line for 8% net initial yield on investment in development with strong tenant line-up
Sale of Sleepzone Hostel offers investors opportunity to acquire a profitable business in a central location
Bonds provide psychological comfort but the 60:40 strategy ‘comes at too high a price’ in investor return
Interest rates unlikely to be reduced in the short term, which will leave asset values under pressure
After several years of near-record activity, the value of investment has plummeted to a level not seen since 2013
Having weathered the Covid-19 pandemic, the market has been becalmed by elevated interest rates and inflation
Sale of Dean Hotel Group portfolio poised to propel value of hotel investment to €600 by year’s end
Retail is the one sector which remained somewhat resilient in 2023, although the sector had already been written down in value during the pandemic
Collaboration between public and private sectors vital if required 50,000-60,000 homes annually are to be built
Government has done huge damage to the land market this year with its proposals for new taxes
Commercial real estate market under severe stress as sellers and buyers engage in price standoff
The level and value of investment withered in 2023 against a backdrop of elevated interest rates and inflation
Retail parks represented over €200 million of turnover in the last four quarters with a total of 10 parks trading
But demand for assets with long-term income and strong covenants across all sectors will continue in face of current downturn
Receiver sales should help to put a floor on the market in early 2024 while investor sentiment should improve thereafter
Once pricing adjustments bottom out, the market will see some of the most interesting opportunities in years
While 2024 will still see market distress and resulting forced sellers, most of the required pain has been taken this year
Dublin city hotels secured a record average room rate of €258 in June while revenue per available room came in at €234
MNK Partners in line for 6.42% net initial yield following €4.175m off-market acquisition of Bank of Ireland Walkinstown branch in Dublin 12
Dublin 13 portfolio comprises eight commercial units and five rental apartments, and is generating €183,119 in annual rental income
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