Development land sector could see sales exceed €500m by end of 2021

Precise figures are disputed, but both CBRE and Savills agree that sales for Q3 reached about €185 million

14th November, 2021
Development land sector could see sales exceed €500m by end of 2021
Proposed development at Castleforbes Business Park, which Eagle Partner bought from Glenveagh for €78.5 million

With activity gathering momentum, the development land sector could see sales exceed €500 million by year end, as agents CBRE and Savills agree that third-quarter sales reached about €185 million.

According to Marie Hunt of CBRE, the third quarter figure exceeds the value of sales in the first two quarters of the year combined and brings total spend in the first nine months of 2021 to about €369 million.

John Swarbrigg of Savills estimates the year-to-date...

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