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

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 24 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 77%

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines