More than €2.5 billion invested in Irish Commercial Property in 2017 - Construction Network Ireland - Construction Network Ireland

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Published in Commercial Property on 02/01/2018

More than €2.5 billion invested in Irish Commercial Property in 2017

#CBRE

CNI Editor reports

According to CBRE, more than €2.5 billion was invested in commercial real estate in the Republic during the last 12 months in more than 214 individual investment transactions extending to more than €1 million.

According to Marie Hunt, Executive Director & Head of Research at CBRE Ireland, “While a number of other transactions may not have signed before December 31st, the outturn for the year to date is in excess of €2.5 billion, with the sale of The Square shopping centre in Tallaght being the largest investment transaction signed in the last 12 month period. 

This represents a large volume of individual transactions although, in the absence of deleveraging activity and a lack of portfolio sales during 2017, the volume of investment spend is down compared to the extraordinary period between 2014 and 2016”.

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