Almost €3.3 Billion Transacted In The Irish Investment Market During The First Nine Months Of 2019
October 2nd, 2019 - Property consultants CBRE Ireland have today released figures for the volume and value of investment properties traded in the Irish market in the first nine months of 2019, which shows that 109 investment transactions extending to more than €1 million in value traded in the first nine months of the year. In total, investment spend amounted to €1.235 billion in Q3 2019, bringing total investment spend in the first three quarters of 2019 to almost €3.3 billion. With the Green Reit sale expected to complete in Q4 2019, the Irish market is on target to exceed €5 billion in investment spend for the first time.
Recent guidance on interest rate movements bodes well considering the very substantial differential between 10-year bonds and real estate yields, which combined with economic, demographic and occupational factors makes a very compelling investment case for Irish real estate. On the back of this, there has been an encouraging volume of activity recorded in the Irish investment market over recent months (both on and off market) with strong demand continuing to prevail for prime assets. In keeping with trends noticed earlier in the year, the volume of capital being deployed in the Build-to-Rent sector continues to increase with three of the five largest transactions signed in Q3 comprising residential assets.
CBRE Group, Inc. (NYSE:CBRE), 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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, 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