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2 March, 2016

HWBC Advise Credit Suisse on the Purchase of Golden Island Shopping Centre, Athlone

HWBC advised their client Credit Suisse on the purchase of Golden Island Shopping Centre in Athlone.  Credit Suisse acquired the shopping centre for €43.5M reflecting a net initial yield of nearly 7%.  Golden Island is the dominant centre in the region and provides a retail offering of over 14,320 sq.m. (154,141 sq. ft.).  The scheme is anchored by Tesco & Penneys with a strong supporting lineup including Wallis, Argos, Boots and Elverys Sports.  For more on this story see here.  

2 March, 2016

Childers Road Retail Park, Limerick on the market at €44M Guide Price

Joint agents HWBC and DTZ Sherry Fitzgerald are bringing Childers Road Retail Park in Limerick to the market. Childers Road is the dominant park in the region with occupiers including Dunnes Stores, Next, Burton, Smyths Toys, Boots and Heatons. The guide price of €44M reflects an income yield of 7% which is highly attractive given the quality of the retail park and the security of the income.    For more on this  story see here.    

29 February, 2016

HWBC Predict Dublin Office Rents to Soar

Dublin office rents look likely to soar to peak figures again with headline rents rising by 22% last year.  Tony Waters, Managing Director of HWBC said ‘Based on our forecast, rents in the prime office market by the end of this year will have almost doubled since post-crash lows”.  For more on this story see: Property Week https://www.irishtimes.com/business/commercial-property/dublin-office-rents-close-to-peak-levels-1.2548528 https://www.irishexaminer.com/business/dublin-office-rents-expected-to-soar-by-18-384203.html https://businessetc.thejournal.ie/office-rents-dublin-2624558-Feb2016/

24 February, 2016

HWBC Agrees Letting of Park House, Blackpool Retail Park, Cork to Teamwork.com

HWBC along with joint agents DTZ Sherry Fitzgerald have agreed a new lease for three floors of offices at Park House in Blackpool Retail Park, Cork to Teamwork.com on behalf of the Landlord.  The letting comprises 1,480 sq m (15,940 sq ft) of office space on a new 10 year lease at a rent of €161.45 per sq m (€15 per sq ft).  Park House was recently refurbished to include air conditioning, suspended ceilings, raised access floors and fully fitted WCs and tea stations on each level.  For more on this story see here.   .  

1 February, 2016

HWBC advise This will be retail’s year

Sharon Walsh, HWBC's Retail Divisional Director advises that confidence in the retail property sector is rushing back.  For more on this story, click here.

27 January, 2016

HWBC annouce the availability of new grade a offices to the market at spencer dock

HWBC are pleased to announce the availability of new Grade A offices to the market at Spencer Dock. The part First Floor in Kilmore House comprises 6,000 sq ft of high quality fitted space with a combination of open plan, boardroom, meeting rooms and fully fitted kitchen.The floor is currently occupied by Ecclesiastical Insurance on a 10 year lease from April 2012 and will be available from Q2 2016 when Ecclesiastical relocate to new offices. The passing rent is very low at €22.50 psf with a rent review due in April 2017. There are 5 car spaces available with the ...

14 December, 2015

€3bn bumper year for property sector

2015’s commercial property deals illustrate continued interest in Ireland from overseas investors.  Early indications are that this year’s commercial property investment spend will be somewhere around the €3bn mark.  For more on this story see here.  

8 December, 2015

HWBC Advise Madison International Realty, buy share in St. Stephen’s Green Shopping Centre

HWBC advised their client Madison International Realty on their purchase of a minority interest in St. Stephen’s Green Shopping Centre.  The New York company has acquired a 35.4% stake in the shopping centre for approx. €60 Million.  The centre is located in a prime retail location at the foot of Grafton St and is one of the most exciting retail opportunities in Ireland’s core market especially given the upswing in retail sentiment which is set to grow further in the short term.  For more on this story see here.  

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