Dublin | Investment
Irish Investment Market Q2
Investment Market in Q2 2016Strong turnover of €2.1bn in Q2, driven by largest ever single asset sale.
- Q2 saw the largest single asset ever traded in the Irish commercial property market, with the sale by Green Property of Blanchardstown Shopping Centre to Blackstone for €945M
- A total of €2.1bn of assets transacted in Q2, the highest quarterly turnover ever.
- Office investments remain the backbone of activity, with €717m of office assets transacting in Q2 - with two large office transactions making up to 50% of that €717m.
- Further yield compression is expected for prime retail opportunities, with continued solid demand for office opportunities to provide a floor for prime office yields.