Wednesday October 28, 2020

Irish buyers getting back in the game

As values fall in the commercial market, increasing numbers of Irish investors are starting to dip their toes in the water again, writes Philip Connolly.

15th June, 2013
The old Bank of Ireland building on Baggot Street went for €40 million -- down from €212 million at the height of the boom.

International property investors are facing increased competition from their Irish counterparts for some of the country's biggest commercial property deals, with Irish Life the latest domestic player to signal its intent to re-enter the market.

Over the past 18 months, US investment firms, Russian industrialists and Israeli businessmen have all availed of Ireland's discount-heavy commercial market - but they haven't been the only ones spending here.

Estate agent Savills has estimated that around €165 million was...

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