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

17th January, 2021
Mega deals and local investment keep commercial sector on the road
In one of last year‘s office mega deals, French investor and asset manager Amundi Real Estate acquired the Fitzwilliam 28 office scheme being developed in Dublin city centre for a reported €180 million

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Alexa, Siri and co are now commonplace

Shannon rejoins Knight Frank in move from CBRE

Tapping into an eager market: pub sales on the rise again

Two industrial facilities go on sale in Carlow and Dundalk