https://bannon.ie/wp-content/uploads/Dublin-Investment-Market-Q3-2022-Snapshot-1-1500x785-1.jpeg 785 1500 Bannon Webpage Admin https://bannon.ie/wp-content/uploads/bannon-logo-trans.png Bannon Webpage Admin2022-10-28 11:42:512022-11-01 14:15:26Investment Market Commentary Q3 2022
Investment Market Commentary Q3 2022
The Irish Commercial Real Estate (CRE) sector performed strongly in Quarter 3 with over €1.77 billion invested in Irish commercial property across 47 transactions. This figure was underpinned by the Ronan Group’s sale of the Salesforce HQ on Spencer Place and a 204-bedroom hotel for €500 million, the largest transaction by some margin. Annual turnover will significantly exceed €5bn for 2022 and establish the second strongest year on record after 2019.
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