No supply shortage as commercial sector booms

Far Eastern investment highlights the confidence in the Irish market, and reflects appetite for €100 million mega-deals

9th December, 2018
No supply shortage as commercial sector booms
City Point, Eyre Square, Galway: bought by Friends First for around €22 million

This year could yet see more than €5 billion-worth of commercial property, development land and hospitality properties change hands, with several deals agreed. It may not be a record year, but it will be well above average.

The consensus among agents is that investment deals, including multi-unit residential, should exceed €3 billion. Development land sales could top the billion mark, while the hotel-dominated hospitality sector could contribute a further €800 million.

Over the coming days,...

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