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Commercial estates value over €735M sold so far in 2016

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Commercial estates value over €735M sold so far in 2016

April 05
10:07 2016

In the first three month of the year 2016 were sold a total of 55 commercial properties in Ireland, showed by new figures.

Property consultants CBRE Ireland say the properties have a value totalling more than €735m between them.

Conforming to CBRE Ireland, demand for prime commercial property investments has continued “unabated” in the first quarter of 2016.

It says there were  three transactions of between €10m and €20m, six transactions of bshutterstock_19384504etween €20m and €50m and three transactions of more than €50m in the first quarter of the year.

“There were 43 transactions extending to between €1m and €10m completed in the Irish market in Q1 2016, which demonstrates the appetite for smaller lot sizes”. said Sandra Walsh, associate director in the capital markets division at CBRE Ireland.

The largest transaction in the period was the Whitewater Shopping Centre in Newbridge, Co Kildare, which traded for around €180m.

 

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