Retail

Colm Lauder: A retail property investment boom is coming this year

Assets in the sector have struggled over the last decade but 2024 will be a turning point for the market

Since 2016, disposals have dominated the activities of Irish investors in retail property

The retail property sector has been the most challenged, and distressed, part of the Irish property market since it began its slow decline in late 2016.

Arguably the post-global financial crisis peak was Green Property’s sale of the Blanchardstown Shopping Centre, Ireland’s largest, to Blackstone in 2016 for €1 billion.

But 2024 is shaping up to be the busiest year since, with a glut of sales expected as post-crash buyers look to exit a decade ...