More Than Three Quarters Of A Billion Euro Invested In Development Land In Ireland In 2017
Dublin, Jan 2nd 2018 – Commercial property consultants CBRE Ireland today released statistics on the value and volume of development land sales signed in Ireland during 2017. According to the property consultants, 137 development land transactions were signed in the Irish market during 2017 totalling more than €750 million between them. Although an impressive figure and broadly mirroring volumes traded in each of the previous three years, 2017 spend was down approximately 5% compared to the value of land traded in the Irish market in 2016.
The volume of transactional activity recorded in the Irish development land market in 2017 was disappointingly low considering the dearth of supply in the residential sector of the economy in particular”. With one or two notable exceptions, most of the development land that traded in 2017 comprised relatively small lot sizes
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