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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

End of an era as Coppinger Row restaurant to close

Retail unit at heart of Galway city for sale or to let

Giant screens to form Living Canvas for Irish and international artists

Developers in Cork scramble to get in ahead of fast-track planning deadline