Commercial market makes light of Brexit to thrive

The British referendum result in late June did not stop Irish commercial property having a year to remember

4th December, 2016
The Elm Park development was one of the biggest non-retail sales in 2016

The Irish commercial property market has continued its strong 2015 performance through 2016, and seems set to be one of the best performing European markets this year. In the year to date some €3.156 million was invested, with an especially strong second quarter of some €2.1 billion. It should be noted, however, that Q2 included two exceptionally large transactions; Blanchardstown Shopping Centre (€950 million) and 1 Spencer Dock (€240 million). These do somewhat distort the picture.

Undoubtedly, the...

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