Retail deals dominate Irish investment
Published: 06 January, 2017
Blanchardstown and Liffey Valley sales push Irish investment volumes to new highs
New data from CBRE Ireland on the volume and value of investment in Irish commercial property in 2016, show that a total of €4.5bn was invested in Irish CRE in the 12 month period. This is a significant result considering it excludes commercial properties traded as part of loan sales and also investment transactions that extended less than €1m in value.
According to Emma Courtney from the investment department at CBRE Ireland: “Investment spend surprised on the upside during 2016, reaching €4.5 billion in 223 individual transactions, albeit skewed by a number of large transactions including the sale of both Blanchardstown Town Centre and Liffey Valley Shopping Centre as well as large office buildings such as the PWC headquarters in Dublin Docklands. Approximately half of the investment spend in the Irish market last year comprised retail properties specifically.”