The combination of the €1.34 billion sale of Green Reit and a swathe of so-called “mega deals” carrying values in excess of €100 million apiece helped propel the level of investment in the Republic’s commercial property market to a new record of €7.2 billion in 2019.
That’s the finding of the latest research from real estate advisor CBRE on activity in the sector for the 12-month period to December.
While the report notes a reduction in the overall volume of investment deals when compared to 2018, the combination of the Green Reit sale to UK-headquartered Henderson Park Capital and 18 transactions extending to more than €100 million served to drive the value of activity in the sector to an unprecedented level.
The €7.2 billion figure recorded for 2019 represents an increase of nearly 64 per cent on the previous €4.6 billion record spend by investors on commercial property in 2014.
Continue reading this article at https://www.irishtimes.com/business/commercial-property/investment-in-irish-commercial-property-sets-new-record-of-7-2bn-1.4133298