More Money flowing into Irish Commercial Property than at Height of Boom

Posted on 13 July, 2014 by Jodee Redmond

In the first six months of 2014, a total of €1.37 billion has been spent in the Irish commercial property market. This is more than during the same period in 2006 at the height of the boom when the figure stood at €1.09 billion.


During the past six months, international real estate firms have shown a strong level of interest in Irish commercial property due to its relatively low prices.

Along with the offshore investors coming onto the market, a number of Irish-based Real Estate Investment Trusts (REITs) have also emerged to heat up the market.

Hibernia and Green REITs have been leaders recently, and the Canadian-backed IRES REIT recently bought the Marker Residences for €50 million.

CBRE notes, in its latest bimonthly research report, that there is an “extraordinarily strong volume of activity in the Irish commercial property market” and “there is nothing to suggest that the pace of activity will ease over the coming months”.

Fuelling interest further is the state’s bank is promise to bring a minimum of €250 million of packaged property portfolios to the market each quarter as it seeks to unload properties while the climate is right..

According to CBRE, yields across all property classes are doing well, from high street retail property at a minimum of 4.75 per cent to 8 per cent for industrial property. The property advisor has forecast that there could be up to €5 billion in property sales completed by the end of the year.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme

America, Amazon Wants You!

UK Firms Battle To Survive

COVID-19 Grounds EasyJet Fleet

ECB Emergency Fight Back Aganist Covid-19

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market