Another bountiful year for commercial property sector

The sale of the St Stephen’s Green Shopping Centre to Davy for €175.5 million was undoubtedly the highest-profile retail investment of the year, but it was far from alone in being a huge deal

29th December, 2019
Another bountiful year for commercial property sector
Charlemont Exchange in Dublin 2 was sold by Marlet to South Korean investors Vestas Management for €144 million earlier this year

With €2.8 billion worth of transactions changing hands in the last quarter of the year, 2019 established a new record for investment in the Irish commercial property market with €5.8 billion transacting for the full year – easily surpassing the previous record of €4.5 billion achieved in 2016.

Accommodative monetary policy by the ECB and the Federal Reserve in 2019 strengthened the view amongst investors that the current low interest rate environment is here to stay. As...

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