Construction BUSINESS

€3.6 Billion of Investment in Irish Property Transacted in 2018

 Breaking News
  • Opening of Stephenstown Link Road in Balbriggan The Stephenstown Link Road, constructed by Jons Civil Engineering, has been officially opened with Mayor of Fingal Cllr Anthony Lavin cutting the ribbon on this key piece of infrastructure development within Balbriggan. The new Link Road in Stephenstown Industrial Park runs from the existing roundabout on the Stephenstown Road to a new roundabout on Clonard Street Road, [...]...
  • The UK National Construction Expo – The Arena MK, Milton Keynes – 1st May 2019 The UK National Construction Expo is being held at the Arena MK, Milton Keynes in England on Wednesday, 1st May 2019. Although British construction activity overall has slowed, chiefly due to businesses continuing to postpone major building projects due to Brexit uncertainty, which is impacting the commercial construction and civil engineering sectors, house building remains buoyant. Of [...]...
  • Key Advisor Line-up For Waterford North Quays and Michael Street Development Projects Falcon Real Estate Development Ireland, the company that is backing the Waterford North Quays and Michael Street development projects, has appointed its key advisors including the leasing agency and design team for the project. Cushman & Wakefield, a leading global real estate service firm, has been appointed as the leasing agency for the entire North Quays [...]...
  • Ballymun’s Potential as a European Leader in Housing Planning and housing experts have examined Ballymun’s potential as a European leader for innovative housing development, as part of the recent Vienna Model of Housing exhibition in Dublin. Previous planning within the Ballymun area indicates a lack of consideration for community development, with no main street or community focal point currently present. Dublin City Council’s local [...]...
  • 200 Construction Jobs at Johnson & Johnson Vision Care Limerick Facility Approximately 200 workers are expected to be employed in the construction phase of Johnson & Johnson Vision Care’s planned €100 million expansion of its manufacturing operations at its site in the National Technology Park, Plassey, Limerick. The project is supported by the Irish Government through IDA Ireland. IDA Ireland CEO Martin Shanahan said: “This is a significant announcement. Already [...]...

€3.6 Billion of Investment in Irish Property Transacted in 2018

€3.6 Billion of Investment in Irish Property Transacted in 2018
January 16
08:54 2019

€3.6 billion of Irish property traded during the year 2018 across nearly 200 deals. This level is significantly higher than 2017, when €2.2 billion traded. This is a 58% increase year-on-year. Total volumes were boosted by a significant increase in larger-sized transactions, with 21 deals greater than €50 million, of which 11 were greater than €100 million. This compares to 6 deals greater than €50 million in 2017.

The largest transaction of the year was the sale of Heuston South Quarter for €175 million. The office development was sold by Northwood and purchased by an overseas investor. The second largest transaction of the year was another office building, Number 2, Dublin Landings, which sold for €164 million and was purchased by Triuva from joint owners Ballymore and Oxley.

In terms of location, the market remained Dublin-centric, accounting for 85% of volumes. Across sectors, offices and residential were the strongest performing sectors, representing 39% and 31% of total year end investment volumes respectively.

Hannah Dwyer, Director of Research at JLL.

, said: “It has been another strong year for investment in Ireland with €3.6 billion trading. Interest in the Irish market has remained high, with greatest demand for prime office and residential opportunities. Investor demand is greatest from overseas buyers at the moment, with continued new entrants to the market. Looking ahead to 2019, we are forecasting continued stability, with volumes likely to achieve similar levels to last year at €3 billion. Supply is expected to come from some loan sale workouts, some recycling of assets, and also investors who are looking to avail of the CGT exemption period. In terms of demand, interest and pricing for PRS is likely to remain strong, and we are also expecting to see continued interest across the offices and logistics sectors, where solid occupier market fundamentals are reinforcing investor appetite.”

Hannah Dwyer added: “A caveat to all of the above is that predictions are based on a stable economic and political backdrop. Any major shocks will undoubtedly have an impact on the Irish property market. Brexit will continue to cast an air of caution on all property sectors, by stalling decision making. Implementation of any new legislative changes will create periods of instability as everyone comes to terms with the reality of what is implemented. Interest rates and global capital markets also need to be factored into decision making. The current benign interest rate favours investors, and any changes will ultimately impact on end-values and pricing.”

About Author

admin

admin

Related Articles


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber

Subscribe Here



Advertisements