Almost €2.2 Billion Invested In Irish Commercial Real Estate In The First Nine Months Of 2015
Dublin, 1st October 2015 – Commercial property consultants CBRE Ireland today released statistics on value of commercial property investment sales in the year to date which show that almost €2.2 billion has been invested in income-producing investment properties with a value of more than €1 million in the year to September 2015. This excludes some of the bigger property assets that have sold as loan sales so far this year. In total, there were 109 individual transactions of more than €1 million signed in the period.
Q3 was another active quarter in the Irish investment market with a total of 39 individual investment sales signing in the period, the largest being the Sovereign portfolio of retail assets and the Block R office building in Dublin Docklands. Interestingly, 41% of the total spend in the first nine months of the year comprised assets with a value of more than €100 million. However, there is also activity at the other end of the scale with 77 individual transactions of between €1 million and €10 million signing in the first three quarters of 2015
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.