Irish commercial property market rebounded strongly in second quarter

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 36 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 98%

Commercial-Real-Estate أخبار

Sherry-Fitzgerald-Commercial,Property

Sherry FitzGerald says rent caps remain ‘a significant issue’ for institutional investors seeking to invest in Ireland

The most significant retail deal in Q2 was the acquisition of Mahon Point Retail Park in Cork by Corum for an estimated €50 million.

Sherry FitzGerald head of research Jean Behan said broadly more positive economic conditions in the quarter were behind the resurgence.“Stronger market sentiment was evident during quarter two as lower interest rates, a more positive economic outlook and more favourable pricing set the scene for a recovery,” she said.

Office assets accounted for 16 per cent of turnover during the quarter, equating to €81 million. This was compared to capital spend of almost €13 million in the opening months of the year. Sherry FitzGerald said there was a notable shift in the size of transactions that took place, with a significant reduction in the volume ranging between €1 million and €10 million to 53 per cent.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 3. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

€25.5bn flows into Irish property market in 2023 despite rise in borrowing costsDespite dip, Sherry FitzGerald research notes headline figure reflects ‘resilience of demand’ in residential market
مصدر: IrishTimes - 🏆 3. / 98 اقرأ أكثر »