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GET THE LATEST PROPERTY NEWS STORIES

Our NEWS section is the most comprehensive publication on the business of property in Ireland, keeping our trade readers fully informed on all developments in the property business and among their competitors.

It gathers together in one place all reports on the market, and goes into much greater detail than does the consumer press on trade issues of interest to estate agents, developers and other property professionals. It summarises property stories from the media, and provides handy links to the full stories. Occasional indepth features and opinion pieces for a fully developed online property magazine. It also acts as a searchable archive of all property matters down the years.

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© Irish Independent 30 Apr '21

UK’s reopening experience points the way ahead for Irish retailers

‘Retailers needed to see the light at the end of the tunnel, and now they’ve seen it.” That’s how Alan Spencer, Head of UK Retail at Savills summarised the rebound in the sector when we spo -  Subscribe
© Irish Independent 20 Apr '21

Hammerson reports ‘challenging’ market conditions as it collects 34pc of rent in Ireland

Dundrum Town Centre co-owner, Hammerson, has reported 34pc rent collection in Ireland for the three months to June this year. Across the group, 40pc of its rent for the same period has been receive -  Subscribe
© Business Post 12 Apr '21

DEAL: Ashbourne Retail Park welcomes three new tenants

JYSK, Choice and Leisuredome are to open shortly at the Co Meath park, and planning has been sought for two drive-through offerings -  Subscribe
© Business Post 29 Mar '21

Five Guys’ auditors say pandemic has resulted in ‘material uncertainty’ for chain

Financial accounts for Five Guys burger chain, run by Dermot Desmond’s sons Brett, Ross and Derry, show the impact of the pandemic on their outlets in Dublin and Belfast. -  Subscribe
© Business Post 29 Mar '21

No tenant for key Ilac Centre store as retailers retreat from city centres

Shopping centre group Hammerson has warned Dublin City Council that its fruitless hunt for a tenant to replace H&M suggests an irreversible decline in retail -  Subscribe
© The Irish Times 18 Mar '21

George’s St owner says charging tenants rent would be ‘immoral’

Speaking to Inside Business, a podcast from The Irish Times, Gwen Layden said the decision to waive rents at the famous retail arcade has cost her family between €400,000 and €500,000 in lost inco -  Subscribe
© Irish Independent 14 Mar '21

Dundrum Town Centre owner cuts €2.3bn from shopping centre values

Hammerson said its portfolio is now valued at £6.3bn (€7.35bn), down from £8.3bn in 2019. “This means further disposals to strengthen the balance sheet, managing refinancing, and sharpening our -  Subscribe
© Irish Independent 07 Mar '21

US fashion giant Abercrombie & Fitch to close Dublin city centre flagship outlet

Despite the decision not to reopen the flagship store, located at 34 College Green, Dublin, a spokeswoman for Abercrombie and Fitch said the brand remained committed to Dublin. -  Subscribe
© The Irish Times 03 Mar '21

DEAL: The Art of Coffee, Off Beat donut and Bunsen burger chain for Blanchardstown Centre

The Art of Coffee’s unit is its first in a shopping centre and is located at the red mall entrance beside BT2. The new 65sq m (700sq ft) store was added as part of the same development that saw Germ -  Subscribe
© The Irish Times 28 Feb '21

Bank of Ireland prepares to unveil a major reduction in its network next week

The bank is widely expected to announce the closure of between 80 and 100 branches as it reports full-year results on Monday. The company has almost 260 branches, and stands out among Irish banks as n -  Subscribe
© The Irish Times 25 Feb '21

Sharp rise in vacant shops in last quarter

The report, produced by EY-DKM consultants, also found that the overall commercial property vacancy rate rose marginally in the quarter to 13.5 per cent. There were more than 28,500 vacant commercial -  Subscribe
© The Irish Times 11 Feb '21

DEAL: Eurospar and Safari Childcare agree 20-year leases at Clancy Quay

With residential occupancy levels in the third and final phase of Clancy Quay approaching 50 per cent notwithstanding its launch in the midst of the Covid-19 pandemic, Kennedy Wilson has now agreed tw -  Subscribe
© Irish Independent 01 Feb '21

Deka becomes third landlord to sue Eason over unpaid rents

Deka’s DIE Ireland ICAV vehicle has filed papers initiating legal action at the High Court against two units of the Eason group, in a case that is understood to relate to rent owed on two Eason stor -  Subscribe
© Irish Independent 01 Feb '21

Ex-Blanchardstown owner was under 'severe' liquidity pressure

The accounts note that in the year to December 22 last, rents at the centre were down by a third compared to the previous corresponding period. Goldman Sachs was one of the backers for Blackstone’s -  Subscribe
© The Irish Times 20 Jan '21

Hammerson collects 31% of rents due from Irish retailers amid Covid restrictions

The group, which co-owns Dundrum Town Centre along with Allianz, as well as stakes in the Swords Pavilions and Ilac shopping centres in Dublin, said it had collected 41 per cent of the rents due at it -  Subscribe
© The Irish Times 13 Jan '21

DEAL: Hugo Boss secures 24% rent cut in new 10-year Grafton Street lease

The agreement of the deal should provide a major fillip to the city’s premier shopping destination coming as it does at a time of unprecedented challenge for traditional “bricks and mortar” reta -  Subscribe
© The Irish Times 16 Dec '20

Retail parks seize opportunity presented by High Street’s difficulty: Rod Nowlan of Bannon

There is little doubt that the rebasing of the sector generally will attract new investors wishing to get ahead of the recovery. This will probably manifest as loan trades first with a focus on fundam -  Subscribe
© Irish Independent 07 Dec '20

Popping up on Main Street: Empty units may lure European retailers

Duncan Graham, managing director of industry lobby group Retail Excellence, said there was evidence last week of the pent-up demand caused by Covid on Grafton Street in Dublin as non-essential retail -  Subscribe
© Irish Independent 02 Dec '20

DEAL: Krispy Kreme to open Dublin city centre store in 2021 at Central Plaza on Dame Street

Krispy Kreme will occupy 234 sq m of space on the plaza, with an additional 89 sq m at sub-plaza level. As well as having frontage onto Dame Street, the unit will also face onto a pedestrian thoroughf -  Subscribe
© Irish Independent 27 Nov '20

Jysk in talks over rent as it plans for expansion

Danish retailer Jysk is in talks with landlords over rents but is continuing with plans to open eight to ten shops here over the next 12 months, despite the ongoing coronavirus crisis . -  Subscribe
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