Irish pay €2.39bn for British property

IRISH investors have pumped €2.39 billion into non-residential property in Britain in the first six months of the year.

Yesterday, property consultants CB Richard Ellis Gunne said their latest figures for Irish investment spend on British commercial property over the last 12 months hit €1.26bn.

When the €1.13bn Savoy Group hotel transaction, completed by Irish investors recently, is taken into account, Irish investment in the first six months of 2004 has reached €2.39bn.