Investment in Irish commercial real estate slumps to post-crash low

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Sherry-Fitzgerald News

Bnp-Paribas-Real-Estate,Jll

Report by Sherry FitzGerald highlights dramatic fall-off in investment on back of higher interest interests

Sherry FitzGerald says investment in the commercial property sector amounted to just €163 million in the first three months of the year. Photograph: Cyril Byrne

Echoing the findings of recent reports by BNP Paribas Real Estate and JLL, Sherry FitzGerald said investment in the sector amounted to just €163 million in the first three months of the year, the lowest quarterly level recorded since its records began in 2013. The largest transaction was an off-market sale of a 104-unit residential portfolio in Shackleton Park, Lucan, by TPG Angelo Gordon and Carysfort Capital to German investor KGAL’s Core 5 Life fund.

 

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