Year in review: Ireland’s commercial real estate market continues to develop

Ireland is the only European country to have shown growth in 2020, and with further growth predicted over the next two years, the real estate sector is optimistic for the future

Primark’s distribution centre in Newbridge, for which the German fund Union Investment is reportedly the preferred bidder

Ireland, and Dublin real estate in particular, has shown its resilience throughout 2021 and has successfully attracted capital due to positive market fundamentals. The strong performance and future confidence in the economy is fundamental to commercial real estate investment activity and how this compares to other jurisdictions.

According to the latest European Commission’s economic forecast, the Irish economy is projected to grow by 14.6 per cent overall this year. This follows a positive GDP growth ...