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
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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
Returns from service stations appear to be increasingly attractive for property investors.
Kilcolgan neighbourhood centre anchored by busy high-profile Circle K petrol station
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.
Dublin is among the most attractive locations in the world for investing in multi-family market as the recovery continues and new regulations favour institutional landlords
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.
Please click HERE to view our Q3 2018 Newsletter
Please click HERE to view the Highlights
Generali House is fully-let at a rent of €505,714 per annum
TWM brings Unit 217 in Eyre Square Shopping Centre to the market.
Sarah Winters of agent TWM is quoting a price in excess of €1.6m for Unit 217 at Eyre Square Shopping Centre in Galway.
Photo: Declan Monaghan
Bennett Property acquired the mostly disused Westmeath development late last year.
While there is a full pipeline of development in the wings, much of this is unlikely to be built without pre-lets in place. That should prevent the office market from any major oversupply in the medium term
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