Financials

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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,...