6th Sense are almost ready to open their latest outlet at The Ormonde Centre, Gladstone St, Clonmel.
They will open for trade on this Friday, 9th June.
Occupying 2,500sq ft facing onto Gladstone St, this unit joins DV8 as the second retailer to open in this centre.
Pending deals involve a multi-store retailer, a coffee shop and a convenience store.
Internal pics (and one external of the new shoe shop due to open this coming weekend in the Marystone Centre, Clonmel.
All it needs now is the stockJ
Best of luck to all concerned.
CONOR POPE, Consumer Affairs Correspondent
A LARGE terraced house on Villiers Road, Rathgar, Dublin, and a four-bedroom bungalow on close to an acre in the foothills of the Dublin mountains are among the highlights at the next Allsop-Space auction, which takes place next month.
The Rathgar house is divided into five self-contained flats. It would have commanded a price of close to €2 million at the height of the property boom, but has had its maximum reserve set at €495,000.
The property on Kilternan’s Ballycorus Road would have sold for well in excess of €1 million in 2006, but will go up for auction with a reserve price of €450,000.
A pub in Waterford city centre is also set to go under the hammer with a reserve of €180,000 and a large detached house on the outskirts of Kilkenny has had its maximum reserve set at €400,000.
A large period redbrick on Ailesbury Road with a reserve of €1.45 million will almost certainly be one of the most sought after lots at the auction which takes place in the Shelbourne Hotel on July 7th. Houses on the road changed hands for more than €10 million at the height of the boom.
There was a huge level of interest in the first Allsop-Space property auction at the end of April, and those bidding on the 82 properties spilled on to the street in front of the hotel at one point.
“The April success means we have been inundated with banks and receivers looking to come on board to free up capital by auctioning off their property stocks,” Stephen McCarthy of Space auctioneers said.
“This means the second auction features a broader mix of lots from different receivers on behalf of a number of financial institutions.”
At the last fire sale, all but one of 82 lots of apartments and houses sold under the hammer, at an average of 26 per cent above the maximum reserve price. In total, €15 million was realised. Bank of Scotland (Ireland) was said to have been the main seller on that occasion.
Mr McCarthy said many buyers had secured properties at “unprecedented prices since the market dip”. A Chancery Street apartment sold for just below the upper reserve at €159,000 while a property on Raglan Lane in Dublin 4 went for €550,000, 8 per cent below the upper reserve.
Forty-five properties in the latest distressed auction will be in Dublin, with the majority expected to be apartments.
A two-bedroom apartment in a fresh tranche of units in the Castleforbes development in Dublin’s north docklands will have a reserve of €142,000.
PARIS luxury-home prices rose by more than a fifth in just 12 months -- the most in the world -- as buyers from emerging markets competed for a limited number of properties, auctioneer Knight Frank said.
Values of houses and apartments costing more than €2m increased 22pc in the French capital. Hong Kong was second with a 15pc rise, and Helsinki third with 12pc. Shanghai and Beijing completed the top five. Moscow and Los Angeles were the only cities in the 15-strong survey to post declines. Dublin was not included.
Buyers from Brazil, Russia, India and China "are increasingly looking to Paris as a safe haven to invest funds in a mature and high-performing market", Liam Bailey, head of residential research, said. "Like London, supply is hindered by a paucity of new-build developments."
Measures by Asian governments to curb property speculation appear to be working, with luxury-home prices in Hong Kong, Shanghai, Beijing and Singapore growing 11pc as a group in the first quarter, compared with 55pc a year earlier, Mr Bailey said.
London prices gained 8.6pc, putting the city in a tie for sixth with Singapore. Zurich followed with an 8pc increase.
The index compares the performance of prime housing markets, defined as the top 5pc to 10pc of the mainstream market, in key global cities.
"Our view is that the next property cycle -- which has already started -- will see the consolidation of an elite tier of global city markets, where the top addresses will become increasingly fought over by wealthy buyers as stores of value and long-term secure investments," Mr Bailey added.
"Values will rise from here. It won't be a steady upward path, and there are some considerable risks out there -- from sovereign debt in the west to asset bubbles and hot money in the east. But in the last two years the highest price achieved in the global market has breached the £557 (€625) per square metre barrier," he said.
- Thomas Molloy
Irish Independent
Department of Finance Monthly Economic Bulletin - June 2011
The Department of Finance published its Monthly Economic Bulletin for June recently. Some of the key data is as follows:
In the first 4 months of 2011 3,629 houses were completed. This represents a 26% decline in house completions compared to the same period in 2010.
The full report is available here
