More Than €2.5 Billion Invested In Irish Commercial Real Estate In 2017
Dublin, December 21st 2017 – Commercial property consultants CBRE Ireland today released statistics on the volume of investment spend in the Irish market during 2017.
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.
“While a number of other transactions may yet sign 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 delveraging 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”.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 135 employees, we work with occupiers, investors and developers of office, industrial and logistic, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie