Tuesday June 2, 2020

Commercial property will rebound after pandemic, says Iput

Company says it has opportunity to ‘transform the fragmented logistics sector around the M50’ as it posts €107m profit

Killian Woods

Business reporter

@killianwoods
7th April, 2020
Niall Gaffney, chief executive of Iput, said the commercial property sector was in a strong position to bounce back quickly from the Covid-19 crisis.

Iput, the Irish property company, is preparing to invest significantly in its logistics portfolio this year after posting profits of more than €100 million.

It controls a portfolio of 95 properties and counts AIB, LinkedIn, IBM, Ikea and Harvey Norman as clients.

More than two-thirds of its portfolio is in the office sector, with a fifth connected to the retail sector and 11 per cent in logistics.

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