20 Dublin Pubs Totalling More Than €22 Million Changed Hands In 2017
Dublin, Jan 3rd 2018 – Commercial property consultants CBRE Ireland today released statistics on the volume and value of pub sales in the Dublin market in 2017, showing that a total of 20 pub properties, totalling more than €22 million between them sold in the Irish capital during the last year. This compares to €43 million in 30 pub sales in Dublin the previous year.
Some notable Dublin pub properties that sold in the last 12 months include Boland’s in Stillorgan; JJ Smyth’s on Aungier Street, Dublin 2; Sandyford House, Sandyford and the Arc Café Bar at Liffey Valley in West Dublin.
On the one hand, the volume of transactional activity in the Dublin pub sector last year was disappointing considering the volume of pent-up demand prevailing for good licensed premises in the capital. However, on the other hand, it is largely reflective of strong economic & trading conditions that have encouraged publicans to remain in business. Good trading conditions boosted turnover and profitability, leading to a corresponding uplift in the value of the underlying asset, which encouraged many publicans to continue trading
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