Construction BUSINESS

Strong Start For Irish Commercial Property Investment

 Breaking News
  • €1 Billion Investment Plan For 4,500 New Homes in South Dublin South Dublin County Council have considered proposals that could deliver up to 4,500 new homes to the area. The total investment envisaged under the ambitious housing plan is in excess of €1 billion. The lands under discussion include: 2,600 new homes at the recently approved Clonburris SDZ scheme, 1,000 new homes at Kilcarbery in Clondalkin, 500 new homes in [...]...
  • M11 Gorey to Enniscorthy Motorway PPP Scheme Opens An Taoiseach Leo Varadkar has officially opened the M11 Gorey to Enniscorthy Motorway PPP Scheme. Funded, constructed and operated by the BAM ACS Consortium, it will reduce travel times from Dublin to Wexford by up to 30 minutes. At the opening Theo Cullinane, BAM Ireland CEO, said: “We are very pleased to be able to open [...]...
  • CRH Divests Europe Distribution Business CRH plc, the global building materials group, has agreed to divest of its Europe Distribution business to private equity funds managed by Blackstone for an Enterprise Value of €1.64 billion* payable in cash. The transaction is subject to regulatory approval. The business being sold comprises CRH’s entire General Builders Merchants business in Europe, including its Sanitary [...]...
  • Next-generation Wind Turbine Blade Pitch Technology Launched Mita-Teknik, a global provider of wind turbine control and pitch technology, has launched its new generation of blade pitch system for onshore and offshore wind turbines. The new Mita Pitch System has been designed to effectively minimize O&M costs, reduce downtime and improve productivity. The Mita Pitch System is a flexible pitch solution for turbines up to 12 MW, which boasts [...]...
  • Tulfarris Hotel and Golf Resort Completes €6 Million Renovation Programme International hospitality management company, PREM Group has completed the first stage of its renovation programme at Tulfarris Hotel and Golf Resort, Blessington, County Wicklow. The group purchased the 90-bedroom hotel in 2016 and since then has already spent over €6 million on the property to return the luxury 18th century Manor House and its surrounding grounds to [...]...

Strong Start For Irish Commercial Property Investment

Strong Start For Irish Commercial Property Investment
April 30
09:11 2019

Irish commercial property investment reached more than €609 million in Q1 2019 marking a strong start to the year, according to BNP Paribas Real Estate. Continued strong interest from overseas investors is evident with large office and residential developments in most demand.

Retail emerged as the second best performing sector in Q1 with €186 million invested representing 31% of turnover. This total was boosted by Irish Life’s acquisition of a 25% stake in Pavilions Shopping Centre Swords for €71 million.

Kate Ryan, Associate Director & Head of Research, BNP Paribas Real Estate.

With more than €1.8 billion worth of commercial property on the market and continued growth in demand from overseas investors in particular as we move into Q2, BNP Paribas Real Estate expects turnover to again exceed €2 billion in 2019 delivering another strong year for the Irish commercial property investment market.

Total office take-up in Dublin reached 133,306 sq.m across 57 deals in Q1 2019 marking the third strongest quarter on record. The Dublin office market continues to perform well with a number of large lettings in Q1 driving a bumper start to the year.

Office development activity is continuing at pace with almost 250,000 sq.m due for delivery in 2019. While development activity has been concentrated in the city centre in recent years, 40% of the space due for delivery in 2019 is located in city fringe and suburban areas. With more than 85,000 sq.m currently reserved and a number of large requirements active from TMT companies in particular, BNP Paribas Real Estate expects to see continued strong levels of take-up in Q2 and throughout the remainder of the year.

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