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.
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