News

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News

All Indicators Now Pointing to Improvement in Retail Conditions

"For the first time since 2007, all indicators are now pointing to a stabilisation in retail conditions. This is according to property consultants, Savills Ireland. In its latest commentary on the retail property market, Savills notes that personal consumption expenditure, retail sales and VAT receipts all appear to have stabilised and are now beginning to show improvement.  "

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News

Red Carnation Hotels acquires Lisloughrey Lodge

"Receiver Kieran Wallace of KPMG, has sold Lisloughrey Lodge, Cong, Co. Mayo. The sale was advised by international real estate advisor Savills. Red Carnation Hotels purchased the four star boutique hotel, which was marketed at a guide price of €2.5m."

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News

German prime office rents rise to highest level since 2001

"According to the latest research by Savills, a shortage of prime central office space has pushed the average prime rent across Germany’s top six markets (Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg and Munich) to €27.70 per sq m, the highest level since 2001."

News

Northern Ireland Property Investment to Exceed £200m in 2014

"Investment property transactions in Northern Ireland are likely to exceed £200m in 2014 due to an increase in investor demand, according to Savills Northern Ireland. The property consultants said that the level of stock that came to the market in 2013 increased significantly, which led to a transactional level in the region of £175m – more than the combined total of transactions since the start of the downturn.  "

News

Oriel House Hotel on the Market for €6m

"Oriel House Hotel, the only hotel in Ballincollig, is for sale at an asking price of €6m. Savills Hotels and Leisure have been appointed to sell the property on the instruction of Kieran Wallace, Receiver, KPMG.   "

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