Davy H1 Irish Real Estate Report
During the first half of the year the investment in Ireland’s commercial real estate (CRE) market has totalled €1.8bn year-to-date, Dublin’s office market accounted for 70% of all capital invested in Ireland in H1 2014 and the changing risk premium for Dublin offices has enticed investor groups into the market for the first time, notably UK open-ended fund Knight Frank Investment Managers.
Crucially, the requisite economic and real estate fundamentals to support these factors have been in place. Rising rents are a clear manifestation of the improvements. Office rents are up 15% since the start of the year, and there are now signs of rental growth in segments of the retail and industrial sectors.
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