Commercial Property

2022: one of the most active years on record for investment volumes

As H1 2023 approaches, however, subdued market sentiment looks likely to experience a six-month period of ‘wait and see’ until investor demand picks up in the second half of the year

One of the largest single-asset office investments in the state’s history was recorded in 2022, with Blackstone acquiring Salesforce's new Henry H Lyons-designed European headquarters at Spencer Place in Dublin's North docklands for €500 million

What kind of year has it been? For commercial real estate, this is a question that has two answers.

On the one hand, the markets are on course for it to be one of the most active years on record for investment volumes.

So far, by the end of Q3 2022, €4.7 billion had been invested throughout the various sectors. This makes 2022 the third-largest year on record for investment volumes, behind 2019 (€7.25 billion) ...