€930 Million Invested in Commercial Property in Q1 of 2018 - Construction Network Ireland - Construction Network Ireland

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Published in Commercial Property on 05/04/2018

€930 Million Invested in Commercial Property in Q1 of 2018

#CBRE

CNI Editor reports

Property consultants CBRE Ireland have today released investment spend figures for the Irish market during the first quarter of 2018, which show that almost €930 million was invested in commercial property in Ireland during the first three months of the year.

Almost three quarters of Irish investment activity in the first quarter occurred in the Dublin market although CBRE say that investors are now also exploring good investment opportunities in other cities such as Cork with 11% of spend in Q1 occurring in this city.

“Following 2017 which saw more than €2.5 billion of assets traded in the Irish market, Q1 2018 has seen continued activity in the Irish investment market with 50 individual transactions with a value of more than €1 million totalling almost €930 million between them signed in the three-month period,” Marie Hunt, executive director at CBRE Ireland, said.

Some of these transactions carried over from last year and several were conducted off-market, she said.