Property consultants CBRE Ireland have today released figures for the volume and value of investment spend in the first nine months of 2018.

The figures show that more than €2.67 billion of commercial property transactions exceeding €1 million in value have completed in the Irish market during the first three quarters of the year - exceeding the volume traded for the year as a whole last year. 
 
According to the CBRE analysis, there were 9 property investment transactions completed in the year to the end of September that exceeded €100 million, 4 of which comprised office buildings and 3 of which comprised residential investments.

In total, there were 22 residential investment transactions totalling more than €773 million completed in the year to the end of September, accounting for almost 30% of overall investment spend between them.

Although there were 93 transactions completed in the first nine months of the year that extended to between €1 million and €10 million in value, between them these transactions only accounted for 12% of overall spend. 
 
Commenting on the data, Executive Director and Head of Research at CBRE in Ireland, Marie Hunt said, "The first three quarters of 2018 have seen a healthy volume of investment transactions completed in the Irish market, with more than €2.67 billion of assets having changed hands in the nine-month period."

She added, "Significantly, this is higher than the volume of transactional activity for the entire year last year and has been boosted by a large number of transactions in excess of €100 million, which between them accounted for almost half of total spend in the period."

Source: www.businessworld.ie