Recovery begins in Dublin industrial and logistics market
It makes sense for property owners to dispose of well-let investments
Following record take-up of industrial and logistics property in Dublin in 2015, a scarcity of modern product, coupled with increased occupier and investor demand resulted in a bounce in values in 2016. Improved consumer demand has been one of the main drivers of occupier space requirements. Meanwhile, more investors focused on this asset class in anticipation of rental and capital value growth. Indeed, good quality secondhand properties are still trading at well below replacement cost.
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