Irish commercial property investment reached €1.8bn (£1.6bn) in the first half of 2018, double the same period last year.
CBRE Ireland said €946m (£835m) traded in Q2 2018 alone. There were 86 transactions during the six months with a value in excess of €1m (£880,000).
Marie Hunt, executive director at CBRE Ireland, said: “Somewhat unusually, there were eight investment transactions extending to more than €100m in value signed in the first six months of 2018, which significantly boosted H1 spend. This compares with five transactions in excess of €100m being completed during the entire year in 2017.
“There are several sizeable assets being marketed both on and off market at present which will boost transactional activity further in the third and fourth quarters of 2018. Some further Asian investment is expected to materialise in the second half of the year.”
CBRE is predicting a further shift in the coming months, with investors seeking alternative investment opportunities, such as PRS and build-to-rent.
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