Ireland Commercial Property Attracting International Capital
Global Investors including German and French Investment Funds and Asset Managers continue to target the Irish Investment market. Prime Office Investments, the Private Rented Sector (PRS) and Logistics continue to be the most sought after sectors while traditional main street Retail struggles.
News of a potential Covid-19 vaccine this week, followed by the news that the ESB has agreed a sale on Fitzwilliam 28 in Dublin with French investor Amundi Real Estate, is a major boost for Ireland Inc and the Dublin Investment market.
This landmark Office development is one of Ireland’s biggest Investment deals of the year at close to €180 million and one that will have a positive impact on confidence and market activity as we enter the business end of the year. Many Commercial Agents are reporting a very busy final stretch towards year end and a definite sense of optimism within the target sub sectors.
Other large size Dublin Investment properties currently being promoted on PropertyLocator.ie that should benefit from the current positive news flow include;
1) Block R Spencer Dock D1 Guide €110 million Lisney
2) Royal Hibernian Way D2 Guide €80 million JLL & TWM
3) 90/91 St Stephens Green D2 Guide €27 million BNP Paribas RE
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