INSHORT:One of the best located shops on Dublin's Henry Street has come on the letting market through agent DTZ Sherry FitzGerald.

Number 45 Henry Street, opposite Arnotts, traded as Oasis up to recently when the lease ran out. The owner, Irish Property Unit Trust, is now offering it for letting on a new long term lease at a rent of €730,000 per annum. Its layout and trading space is likely to appeal to several large multiples, according to Karl Stewart of DTZ. There is a total trading area of 337sq m (3,627sq ft) with 197sq m (2,120sq ft) at street level and a further 106sq m (1,141sq ft) in the basement.

Dublin has fallen one place to third in a ranking of the world’s most expensive locations for renting industrial buildings. The area around Heathrow topped the list with an occupancy cost of €185 per sq m (€17.2 per sq ft). Next was Tokyo at €179 per sq m (€16.63 per sq ft) and then Dublin at €157 per sq m (€14.6 per sq ft). The study by Lisney alliance partners Cushman Wakefield showed that industrial markets deteriorated around the world in all but a handful of cities in 2008. Cathal Daughton of Lisney said the supply of industrial space in the greater Dublin area will increase significantly this year, putting downward pressure on rents. A trend towards shorter leases would continue as tenants demanded flexibility and were generally unwilling to sign up to leases for more than one to four years.

There has been a number of new lettings at Nutgrove shopping centre in Rathfarnham, D14. Carphone Warehouse, the mobile phone retailer, has moved to a large new unit on the central mall while Holland Barrett, a specialist trader in vitamins and herbal supplements, has opened a store of 100sq m (1,076sq ft). Other newcomers include Pizza Hut, Pretzel Express and Irish retailer Notionz which sells fashion accessories. Jones Lang LaSalle is letting agent for Nutgrove which celebrates its 25th birthday next October.