More Than €573 Million Transacted in the Irish Investment Market During the First Quarter Of 2019
April 2nd, 2019 - Property consultants CBRE Ireland have today released figures for the value of investment properties traded in the Irish market in the first quarter of 2019, which shows that 31 investment transactions extending to more than €1 million in value traded in the first quarter of the year. In total, investment spend amounted to more than €573 million in the first quarter. According to Marie Hunt, Executive Director & Head of Research at CBRE Ireland, over 90% of the investment spend in Q1 occurred in the Dublin market with office properties accounting for 56% of investment in the period. Meanwhile, €75 million was deployed in the residential investment market in the period.
Following a strong year in 2018, momentum has carried into 2019, with strong investor appetite continuing to prevail for Irish assets, particularly for office and industrial investments considering the strength of underlying occupational market trends and for Build-to-Rent opportunities as a result of the considerable supply demand imbalance that continues to prevail in the housing sector. There is growing evidence of investors chasing value-add opportunities in the current market in an effort to generate enhanced returns
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