Search Results for 'CUSHMAN & WAKEFIELD'

By Sean Coyne, Divisional Director, Cushman & Wakefield Galway

Cushman & Wakefield is launching the sale of Building 1, Parkmore West, Galway with a guide price of €7.5 million which reflects a net initial yield of 6.30 per cent and a capital value of €121 per sq ft.

With the countdown to Christmas well and truly on, there’s yet another reason for shoppers to visit Athlone Towncentre (www.athlonetowncentre.com) with the announcement that a new look, larger H&M store has opened.

This exceptional development opportunity is being offered for sale by Cushman & Wakefield with the benefit full planning permission for a purpose-built student accommodation scheme on 0.4285 ha (1.06 acre). The site is highly accessible within walking distance of University of Galway, Shop Street and Eyre Square.

Entering the market at a combined price of €700,000, the Loughrea, Athenry and Tuam post offices have been stamped as ‘ready for sale’, but An Post has confirmed that the post offices in these locations will continue trading as normal, despite the sale.

Cushman & Wakefield has just launched Hynes' Building in Galway city centre to the market for sale. The property is one of Galway’s best known office buildings, in no small part due to the fact that the building houses the Galway City Library on its ground floor.

Attributed to changing consumer appetites and habits, challenging trading conditions and the rise of hybrid working, the rate of vacancies in Galway's commercial properties has risen in the last twelve months to become the second highest in Ireland.

From an economic perspective the outlook for the Galway hotel sector remains positive. The latest Irish labour market data show all-time high employment of 2.71 million across the economy while average weekly earnings grew by 4.6 per cent compared to the same period in 2022, both of which supports the outlook for leisure spending in the county.

Cushman & Wakefield has recently launched the sale of Martin House in the IDA Dangan Business Park on the west side of Galway city. The property comprises a purpose-built stand-alone office building situated in a high profile position within the well established Dangan Business Park which includes occupiers such as Aerogen, HSE, Perfuze, mBryonics and Microsoft.

The last remaining office floor in Phase 1 of the impressive Bonham Quay campus in Galway has been leased to Planet.