€185 million worth of development land sold in third quarter

Demand recovering but still below five-year average, according to Savills

11th October, 2021
€185 million worth of development land sold in third quarter
The largest deal over the past three months was Eagle Street Partners’ purchase of the Castleforbes Business Park site for €78.5m from Glenveagh. Picture: Sam Boal/Rollingnews.ie

Development land worth a combined €185 million changed hands in the third quarter of the year amid recovering demand, a new survey has found.

Data published by Savills today showed that development land worth a total of €378 million has been bought so far this year, including the €184 million worth of sales closed between July and the end of September.

This points towards a recovery in demand for such transactions as the worst affects...

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