Episode 12: In this episode Seán O’Neill discusses all things Residential with the new MD of TWM, Willie Norse and Claire Solon, MD of Greystar Ireland. They talk about the current development land and investment market activity, blockages to supply of housing, the changing perception of apartment living and the benefits of institutional ownership of residential assets. They also look at trends in the market from Student Accommodation to Senior Living.
Thank you for listening and we hope you find these Podcasts of interest.
Please click HERE to listen to this episode of the TWM Real Estate Podcast.
Thank you for listening and we hope you find these Podcasts of interest.
Episode 11: Seán O’Neill catches up with a podcast regular, Independent Economist Stephen Walsh and with Director of our Internal Investment Team, Robbie Coakley to review Q1 2024 Economic and Property Market activity. We discuss whether the optimism experienced at the start of the year has been maintained and if the outlook for interest rate cuts is still positive. We chat about the changes in the real estate market and how it is now very location, sector and building specific.
Please click HERE to listen to this episode of the TWM Real Estate Podcast
THE IRISH TIMES, MAY 15 2024
Agent TWM is guiding a price of €7 million for a forestry portfolio comprising 267 hectares (660 acres) of mature forests distributed across six counties in the Republic of Ireland.
THE IRISH TIMES, MAY 1 2024
Number 21 Upper Baggot Street, known to generations of Dubliners and visitors to the capital alike as the home of Weirs Home, Gift and DIY store, is being put up for sale following a decision by the owners to relocate the business.
THE IRISH TIMES, APRIL 10 2024
Property industry veteran Willie Norse has been appointed as managing director of commercial real estate adviser, TWM.
In Episode 10 Seán O’Neill chats with Paul Candon, CEO of United Hardware. Paul provides background on the United Hardware business and its members who comprise both traditional DIY outlets and Builders Merchants. He provides insights into the hardware and DIY markets and the general construction sector including surviving covid, the impact of inflation, supply chain issues and the demand for sustainable products.
Thank you for listening and we hope you find these Podcasts of interest.
Please click HERE to listen to this episode of the TWM Real Estate Podcast
THE IRISH TIMES, MARCH 06 2024
Having worked with TWM for nine years, Sarah Winters is to head a new internal investment team at the company focusing on existing client relationships and their property portfolios.
Ms Winters, a director at TWM, has almost 20 years’ experience in the property industry, and has worked across both the commercial agency and lease-advisory sectors. That experience will be channelled now to develop tailored strategies to enhance and maximise value for clients in line with their exit strategies and hold periods.
THE IRISH TIMES, FEBRUARY 28 2024
An attractive net initial yield of 7.91 per cent underpinned by a strong tenant line-up led by the highly successful US discount fashion retailer TK Maxx is expected to drive the sale of Citypoint, a mixed-use scheme overlooking Eyre Square in Galway city centre. The property was originally developed in 2007 and extends to 7,432sq m (80,000sq) ft across six floors over a three-level basement car park. It is being offered to the market by joint agents TWM and Savills at a guide price of €21.5 million.
We are delighted to present Episode 9 of the TWM Real Estate Podcast. In our first Episode of 2024, having taken the temperature of the real estate market during January, I chat through the outlook for this year with Independent Economist Stephen Walsh and Fellow Director of TWM, Patricia Ward.
Thank you for listening and we hope you find these Podcasts of interest.
Plenty more to come in 2024!
Please click HERE to listen to this episode of the TWM Real Estate Podcast
Given the time of year this episode has a somewhat religious flavour. Sean O Neill is joined by Co Owner of TWM, Michele Jackson and their guest John Weir, Head of Real Estate, with Church Commissioners for England. They chat about the interesting and diverse portfolio held by the Church Commissioners, with some assets owned for centuries. In addition to commercial property, topics covered include Christmas trees, farmland and sustainability and how such a long established institution deals with current and future real estate trends.
Thank you for listening during 2023. Best wishes for a happy and peaceful Christmas and a successful 2024 from all at TWM
Please click HERE to listen to this episode of the TWM Real Estate Podcast
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.