Saturday September 19, 2020

Two-thirds of €1.2bn spent on commercial property comes from overseas investors

The latest report from BNP Paribas reveals that three mega-deals accounted for 43 per cent of all turnover in Q3, writes Tina-Marie O’Neill

13th October, 2019
5
The Reflector in Dublin 2 was reportedly sold to German fund Deka Immobilien in recent weeks

A new report from the Irish real estate arm of BNP Paribas has highlighted that overseas investors spent €837 million on Irish commercial property during the third quarter of this year. That represents more than two-thirds of total investment turnover, which exceeded €1.2 billion in Q3 2019.

Activity in the period from July to September represents an increase of 94 per cent relative to the same period in 2018, and accounts for a total turnover for...

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