Home > Ireland > 20 Dublin pubs totalling more than 22m changed hands in 2017

20 Dublin pubs totalling more than 22m changed hands in 2017

Written by Robert McHugh, on 17th Jan 2018. Posted in Ireland

article headline

Commercial property consultants, CBRE Ireland, this month released statistics on the volume and value of pub sales in the Dublin market in 2017, showing that a total of 20 pub properties, totalling more than €22 million between them sold in the Irish capital during the last year.

This compares to €43 million in 30 pub sales in Dublin the previous year. Some notable Dublin pub properties that sold in the last 12 months include Boland’s (Stillorgan), JJ Smyth’s (Aungier Street), Sandyford House (Sandyford) and the Arc Café Bar (Liffey Valley in West Dublin).

Commenting on the figures, Director CBRE Hotels, John Ryan said, "On the one hand, the volume of transactional activity in the Dublin pub sector last year was disappointing considering the volume of pent-up demand prevailing for good licensed premises in the capital. However, on the other hand, it is largely reflective of strong economic & trading conditions that have encouraged publicans to remain in business."

He added, "Good trading conditions boosted turnover and profitability, leading to a corresponding uplift in the value of the underlying asset, which encouraged many publicans to continue trading." 

Source: www.businessworld.ie

More articles from Ireland

image Description

Entekra to create 100 jobs in Monaghan

Read more
image Description

71% of Irish CFOs report a high level of external financial and economic uncertainty

Read more
image Description

What draft Brexit deal says of Irish border and contested backstop

Read more
image Description

EU-UK Brexit deal envisages July 2020 decision on Irish border

Read more
image Description

EU and UK have agreed Brexit text on Irish border

Read more