55 Commercial Property Investment Transactions Totalling More Than €735 Million Completed During Q1
Dublin, 4th April 2016 – Commercial property consultants CBRE Ireland today released statistics on the volume and value of commercial investment sales in the Irish market in the first three months of 2016, showing that a total of 55 properties (with a value of more than €1 million), totalling more than €735 million between them, sold in Ireland during the first three months of 2016.
According to Marie Hunt, Executive Director and Head of Research at CBRE Ireland, demand for prime commercial property investments has continued unabated in the first quarter of 2016 with three transactions of more than €50 million signing in the first quarter of the year, 6 transactions of between €20 million and €50 million and 3 transactions of between €10 million and €20 million completing in the the first 3 months of the year.
There were 43 transactions extending to between €1 million and €10 million completed in the Irish market in Q1 2016 which demonstrates the appetite for smaller lot sizes.
The largest transaction to sign in the period was the Whitewater Shopping Centre in Newbridge, Co. Kildare which traded in recent months for a price in the order of €180 million.
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.
In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.