Core office and PRS assets have been most sought after, highlighting confi dence in the long-term prospects for both Ireland’s economy and the Dublin office and residential markets. Despite the widespread adoption of remote working during the pandemic, prime office rents remained relatively stable throughout the year with rent collection for office investments anecdotally strong.
Office mega-deals such as Bishop’s Square (€183m), Baggot Plaza (€141m) and Fit zwilliam 28 (€177.5m), all acquired by Eu ropean investors, have underscored the continued appetite such assets attract with €1.2 billion invested in the sector in 2020. Similarly, chronic undersupply of housing in recent years has led to intense competition amongst Irish and overseas investors alike for PRS opportunities, with just under €1.3 billion invested in the res idential sector across 30 deals.