CBRE Ireland have released figures for the value of investment properties traded in the Irish market in the first quarter of 2019, which shows that 31 investment transactions extending to more than €1 million in value traded in the first quarter of the year. In total, investment spend amounted to more than €573 million in the first quarter.
According to Marie Hunt, Executive Director & Head of Research at CBRE Ireland, over 90% of the investment spend in Q1 occurred in the Dublin market with office properties accounting for 56% of investment in the period. Meanwhile, €75 million was deployed in the residential investment market in the period.
Investment Spend 2005 to 2019 Q1
Source: CBRE Research
Kyle Rothwell, Executive Director and recently appointed head of the investment team at CBRE said momentum has carried into 2019 “strong investor appetite continues to prevail for Irish assets, particularly for office and industrial investments considering the strength of underlying occupational market trends and for Build-to-Rent opportunities as a result of the considerable supply demand imbalance that continues to prevail in the housing sector. There is growing evidence of investors chasing value-add opportunities in the current market in an effort to generate enhanced returns”.