Jan 20 2022
Financials
Recent Research
IRES REIT, Accretive acquisition in Clontarf
Jan 5 2022
Hibernia REIT, KPMG pre-lease signed
Dec 21 2021
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Irish banks
2022: crystallising positive catalysts
Credit growth is emerging, providing further impetus to the unprecedented actions of 2021 and combining to bring sustainable returns into sight. 2022 is a year of execution followed by...
Hotels
Latest trends in the Dublin office market
Latest data for Q4 2021 in the Dublin office market show a continued uptick in tenant activity with the vacancy rate declining. Prime rents in the city centre look set to move higher in...
Hibernia REIT
Updating forecasts post asset disposals and KPMG pre-lease
We have updated our forecasts to reflect the earnings dilution from the sale of One and Two Dockland Central, the interim results in November, the terms of the KPMG pre-lease...
IRES REIT
Accretive acquisition in Clontarf
IRES REIT has announced the acquisition of 152 multi-family apartments at Ashbrook in Clontarf for €66m. The acquisition will complete in two phases with 108 units already standing and 44...
Hibernia REIT
KPMG pre-lease signed
Hibernia has announced the pre-lease of the majority of its major office development at Harcourt Square to KPMG. The signing of this deal is positive. The terms provide clarity and...
AIB Group
State sale trading plan to start in early 2022
The sell-down will be the state’s first sale of part of its stake since the 2017 IPO and will be welcomed as a demonstration that it is committed to pursuing its strategy of not being a...
Harworth Group
Ansty deal highlights upside to net development value
Today’s announcement to sell Harworth’s large strategic site in Ansty, Warwickshire, suggests to us that the risk to our FY21 estimates is now to the upside. We are also becoming...
permanent tsb Group
Agreement with NatWest confirms positive catalyst
The binding agreement with NatWest to acquire the performing non-tracker mortgages, micro-SME and asset finance business bookends a substantial year of progress for PTSB. The...
Banks
CBI sets out conservative stance; BOE rate move
The Central Bank of Ireland’s (CBI) consultation points to little, if any, change in the mortgage measures. Indeed, the main focus appears to be on differentiated loan-to-value (LTV)...
Banks
Central Bank of Ireland mortgage rules consultation; AIB JV
The consultation should provide a good indication of the Central Bank of Ireland’s (CBI) intended approach to its review of the borrower-based macroprudential rules. To date,...
