Investors begin to see value in the market

Values for prime commercial property have "plateaued", according to a leading property asset manager.

19th May, 2012
Tom Parlon, director general of the Construction Industry Federation. Photo: Tony O'Shea

Values for prime commercial property have "plateaued", according to a leading property asset manager.

Bill Nowlan, managing partner of WK Nowlan Associates, told an economic conference hosted by Bloomberg in Dublin last week that yields had risen from around 3 per cent during the boom to 8.8 per cent today.

The result, according to Nowlan, was that commercial property was now attractive to investors, especially those based overseas.

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