Ireland Enjoys $675 Million of Commercial Investment in Early 2019

JLL | April 15, 2019

Ireland Enjoys $675 Million of Commercial Investment in Early 2019
According to JLL, national investment deals greater than €1million ($1.13m) in Ireland's commercial property investment market totaled close to €600 million ($675m) in Q1 2019 across 31 deals.
Although this is a decrease on volumes compared to previous quarters, this was expected given the strong performance in the market last year and a decrease in larger-sized transactions. There were only 2 deals in Q1 2019 that were greater than €50 million ($56m). The largest transaction in Q1, 2019 was the off-market sale of an €145 million ($164m) office block. The second largest was the sale of a 25% stake in The Pavilions Shopping Centre, which was sold by IPUT for €71 million ($80m) and was purchased by ILIM. The third largest deal was the purchase of North Quarter in Ballymun, a proposed student accommodation scheme. It was sold by Lidl Ireland and was purchased by AIG for €46 million ($52m).

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Spotlight

An infographic presenting some global real estate crowdfunding statistics, including market size, funding volume and reach.