THE IRISH TIMES, DECEMBER 6 2023
THE IRISH TIMES, DECEMBER 6 2023
BUSINESS POST – PROPERTY YEAR IN REVIEW, DEC 2023
In Episode 7 Seán O’Neill chats with Arlene Maguire, Head of Property Acquisition and Asset Management with Tesco. Arlene gives us some background on the Tesco Ireland business now, what’s happening in terms of their current strategy and why is Tesco expanding in Ireland. She also explains what types of stores are they looking to open and how do they go about selecting a site. We find out how do Tesco balance being both an owner and tenant and what are their current challenges in the property market. Finally we speak about sustainability and the measures Tesco are taking in this regard.
Please click HERE to listen to this episode of the TWM Real Estate Podcast
Episode 6 of the TWM Real Estate Podcast features Seán O’Neill & Stephen Aherne with international investors at EXPO REAL in Munich, which took place October 4-6, 2023.
George Fraser Harding (Head of European Funds at Aviva Investors), Oliver Gaschler (Director of Investments at AM Alpha) and Axel Wünnenberg (Managing Director of Quodoro) give their thoughts on the European Real Estate market and whether or not Ireland is still on their radar!
Please click HERE to listen to this special episode of the TWM Real Estate Podcast
Please click HERE to listen to the fifth episode of the TWM Real Estate Podcast featuring:
Seán O’Neill, Director, Co-Owner of TWM
Michael Costello, Partner at BDO, Dublin
Having just completed 3 terms as Managing Partner, Michael talks about the challenges of Brexit, Covid, the move to new offices, the inflation/ interest rate crisis as well as his new role in charge of Sustainability.
Please click HERE to read Ken Noble’s article in the SCSI Surveyor’s Journal – August 2023
Please click HERE to listen to the fourth episode of the TWM Real Estate Podcast featuring:
Seán O’Neill, Director, Co-Owner of TWM
Stephen Walsh, Independent Economist & Consultant
Russell Cleere, Senior Investment Analyst & Associate Director, TWM
Please click HERE to listen to the third episode of the TWM Real Estate Podcast featuring:
Seán O’Neill, Director, Co-Owner of TWM
John Hannigan, CEO, Circle Voluntary Housing Association – speaking about the Social Housing sector, its role in the provision of housing, how the sector works, how they deal with developers and the State, the blockages and challenges in the market at present and the future for the sector.
Tom Lyons, Chief Executive, The Currency
Please click HERE to listen to the second episode of the TWM Real Estate Podcast featuring:
Seán O’Neill, Director, Co-Owner of TWM
Anne Marie Shalloe, Group Commercial Asset Manager, An Post – speaking about all things An Post including their transformation as a business, sustainability and their property strategy, the imminent HQ office relocation, the proposed Logistics hub and future real estate sustainability trends.
Please click HERE to listen to the first episode of the TWM Real Estate Podcast featuring:
Seán O’Neill, Director, Co-Owner of TWM
Stephen Walsh, Independent Economist & Consultant
Russell Cleere, Senior Investment Analyst & Associate Director, TWM
The property market continues to evolve with different sectors coming more into focus as occupier and consumer patterns change. The current hot sectors of Logistics and Residential are well known at this stage however Covid -19 put a focus on other “essential” real estate. We previously (Pre Pandemic!!) produced a research note on Grocery Retail and Retail Warehousing. We now turn our attention to Healthcare.
Our colleague, Eithne O’Neill has many years’ experience in valuing and appraising Healthcare backed Real Estate. She has produced our latest Research Note focusing on this subject which is a new investment sector on the radar of many domestic and overseas investors.
The city has an enviable reputation as a hub for medical manufacturing and engineering, but more opportunities need to be created for the industrial rental investment sector to expand
The manufacturing property extends to over 19,000 square feet and has a secure ten-year lease term
Unit 19 Mervue Business and Technology Park, Galway
The budget, whilst significant in terms of the economic supports and demand boost provided, contained little change for the commercial property sector. Given the surprises of recent budgets this can be seen as a positive.
The famous retail thoroughfare on Dawson Street in Dublin 2 is one of the most sought-after locations in the capital
Way to go: The mixed use property on Dawson Street offers plenty of scope for developers and investors
Dawson Street scheme’s tenant mix includes Davy stockbrokers and Marco Pierre White’s
Times are certainly changing and economic statistics are changing on a week to week basis. At TWM we have tried to collate some of the impact of Covid-19 and the resultant Government policies and how these may impact on economic activity and the property market.
Unit at Custom House Plaza 2 is well-located next to Dublin’s Connolly Station
State to pay €18.50 per sq ft for 24,300sq ft at Brenta Group’s Paramount Place scheme
TWM has managed to get a number of property deals over the line in spite of the lockdown
Optimism about prospects for Galway’s property market is reflected in the restart of building work on two of the city’s major new mixed-use developments, Gerry Barrett’s Bonham Quay and JJ Rhatigan’s Crown Square.
Seeing all the queues at Supermarkets and DIY outlets reminded us of the Research note we published in October 2018 in which TWM highlighted the advantages and defensive qualities of these two sub sectors of the retail market.
Stillorgan Industrial Estate unit equipped for pharma R&D and medical manufacturing
Joint venture involving developer Richard Barrett paid €8.5m for Dublin 8 office in 2018
Good communication between landlord and tenant can go a long way to helping come to an agreement during these difficult times
Financial stress of Covid-19 can be lessened through fairness and transparency
Unprecedented threat to investments and businesses
The prime-location lots are held on long leasehold interests from the local council
Maple Centre generates €550,023 annually from tenant mix which includes McDonald’s
Units at Sandyford Business Centre for sale in individual lots at €8.6m and €6.5m
Property comes to the market following sale of Gorey Tesco to French investment giant
By Ronald Quinlan
A highly reversionary office investment opportunity located within Ballybrit Business Park, a well-established commercial park on the outskirts of Galway city, has come to market with agent TWM. The investment comprises two office buildings, extending to some 1,847 square metres gross internal area in total on a 0.8-acre site.
TWO office buildings on an 0.8-acre site at Ballybrit Business Park on the outskirts of Galway city have come to the market with a guide price of more than €1.475m.
Latest deal brings value of Corum’s portfolio in Ireland and Northern Ireland to €146m.
French asset management company, Corum, has increased its overall investment in Ireland and Northern Ireland to over €146 million with the acquisition of the Tesco supermarket in Gorey, Co Wexford, for about €21 million.
Joint venture involving developer Richard Barrett paid €8.5m for office block in 2018
Henley Bartra looks to be in line for a significant return on its investment in Phoenix House in Dublin 8.
Allianz House fully-let on 31-year lease and is delivering €2.9m in annual rental income.
A wide range of Irish and international investors are expected to express an interest in the sale of the Irish headquarters of Allianz at Elmpark Green in Dublin 4.
79-83 Prussia Street offers scope for 17 units at the heart of Dublin’s Stoneybatter.
Investors and developers looking to take advantage of Stoneybatter’s newly-minted status as “Ireland’s coolest neighbourhood” may be interested in an opportunity which has been brought to the market on Prussia Street at a guide price of €1.5 million.
Please click HERE to view our latest highlights update
Private developers are returning to the property market in Galway, but state agencies have also recognised that they need to generate supply in order to build commercial facilities and attract international employers beyond Dublin.
The two big projects are part of a response to heightened interest in the city
Developers have begun to respond to demand for commercial property in Galway, and Gerry Barrett is leading the charge with two major city centre projects. Similarly, investors are also demonstrating increased interest in the City of the Tribes as reflected in recent deals.
Sarah Winters of agent TWM is guiding a price in excess of €1.25m for the anchor supermarket unit at Tuam Shopping Centre in Co Galway.
TWM brings the anchor supermarket unit in Tuam Shopping Centre to the market.
Please click HERE to view our new Research Note
Sarah Winters of agent TWM is guiding a price in excess of €1.25m for the anchor supermarket unit at Tuam Shopping Centre in Co Galway.
Purchase of 15-year-old centre follows recent acquisition in Citypoint in Galway
Sarah Winters of agent TWM is seeking offers in excess of €1.6m plus VAT for 13 partially-completed residential units distributed across the Cuirt na hAbhainn estate in Claregalway, Co. Galway, an established residential development within Claregalway village approximately 11.6kms from Galway city centre.