Commercial sales on track for second biggest year on record

Commercial sales on track for second biggest year on record View Gallery
Neptune House apartment block under construction in Dún Laoghaire has been sold for 72.5 million

A busy third quarter saw €316 million worth of transactions, bringing the total so far this year to €3.2 billion

Investment activity in the Irish commercial property market looks set to exceed expectations this year. The number of offices, retail, industrial and apartment blocks sold could exceed €4 billion according to both Patricia Ward of Cushman & Wakefield and Hannah Dwyer of JLL.

Not alone would that put 2016 ahead of the €3.4 billion which was sold in 2015, but it would also see 2016 achieve the second highest ever annual level of sales after 2014’s €4.5 billion record.

This year’s...

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