Ireland Enjoys $675 Million of Commercial Investment in Early 2019

JLL | April 15, 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

Commercial Real Estate Women (CREW) Network is the world’s leading producer of research on women in commercial real estate. It develops white papers annually and publishes a benchmark study every five years to provide valuable industry insights and data. CREW Network is the premier business networking organization dedicated to transforming the commercial real estate industry by advancing women globally. CREW Network provides support to more than 11,000 members worldwide through business development, leadership development, industry research, and career outreach.

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