CBRE Ireland have released statistics on the volume and value of commercial investment sales in the Irish market in the first three months of 2016, showing that a total of 55 properties (with a value of more than €1m), totalling more than €735m between them, sold in Ireland during Q1 2016.
According to Marie Hunt, executive director and head of research at CBRE Ireland, demand for prime commercial property investments has continued unabated in Q1 2016 with three transactions of more than €50m signing in the first quarter of the year, six transactions of between €20m and €50m and three transactions of between €10m and €20m completing in the the first three months of the year.
Sandra Walsh, associate director in the capital markets division at CBRE Ireland said “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”.
The largest transaction to sign in the period was the Whitewater Shopping Centre in Newbridge, Co. Kildare which traded in recent months for a price in the order of €180m.
