Real Estate for a Changing World
More than €1.2 billion was invested in Irish commercial property during the final three months of last year, bringing total turnover for 2020 to €3.05 billion. While this is some way off the record €7.4 billion transacted in 2019, it is a solid year in the context of the ongoing COVID-19 pandemic and is above the ten-year average.
Irish investment turnover reached just under €700 million during the third quarter of the year, representing an increase of 63% relative to Q2.
Despite significant challenges presented by the ongoing COVID-19 pandemic, 107 office deals were completed in Dublin in 2020, with more than half of these transacting in the latter half of the year.
Total office take-up in Dublin reached 21,328 sq.m during Q3 2020. While this is a good increase on Q2 take-up, it is still very low compared to pre-pandemic levels of market activity.
Hugo Boss, the premium global fashion retailer has signed a new 10 year lease at 67/78 Grafton Street.
Despite significant challenges presented by the ongoing COVID-19 pandemic, 107 office deals were completed in Dublin in 2020, with more than half of these transacting in the latter half of the year.
Mount Auburn House on Killiney Hill Road has just come to the market through sole selling Agents BNP Paribas Real Estate.
More than €1.2 billion was invested in Irish commercial property during the final three months of last year, bringing total turnover for 2020 to €3.05 billion. While this is some way off the record €7.4 billion transacted in 2019, it is a solid year in the context of the ongoing COVID-19 pandemic and is above the ten-year average.