16 Dublin Pubs Totalling More Than €17.8 Million Changed Hands In The First 9 Months Of 2017
Dublin, October 3rd, 2017 – Commercial property consultants CBRE Ireland today released statistics on the volume and value of pub sales in the Dublin market in the first nine months of 2017 showing that a total of 16 pub properties, totalling more than €17.8 million between them sold in the Irish capital in the first three quarters of the year.
The number of Dublin pub properties changing hands in the first nine months of 2017 is down compared to the volume traded in the last three year period. To some extent, an improvement in trading conditions in Dublin is reducing the number of licensed properties that are being offered to the market for sale. In addition to the more than €17.8 million traded so far, this year, four Dublin pubs are currently sale agreed and expected to close shortly. The average sale price achieved in the first nine months of the year was €1.18 million.
Some notable Dublin pub properties that sold in the first nine months include Boland’s in Stillorgan; JJ’s Smyth’s on Aungier Street; Arc Café Bar at Liffey Valley; Sandyford House in Sandyford; MacTurcaill’s, Townsend Street and Nash’s, Dublin 8.
About CBRE Group, Inc.
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