Mega deals and local investment keep commercial sector on the road
Despite a tough trading environment for Irish commercial property last year, key parts of the sector showed resilience and are poised for a quick recovery
More than €1.2 billion was invested in Irish commercial property during the final three months of last year, bringing total turnover for 2020 to €3.05 billion.
While this is some way off the record €7.4 billion transacted in 2019, it is a solid year in the context of the ongoing Covid-19 pandemic and is above the ten-year average.
Core office and private rental sector (PRS) assets have been most sought after, highlighting confidence in the long-term prospects...
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