CBRE: Property sector to grow

Ireland’s commercial property sector is set to grow significantly this year, with the equivalent of more than half of 2013’s total investment having already been spent in the first quarter of this year.

According to fresh data from leading commercial property consultants, CBRE Ireland, the first three months of 2014 saw a total of 37 investment transactions of more than €1m in value. These had a combined value of €938.5m; over half of the €1.78bn that went on 96 such transactions in the whole of last year.

Additionally, in volume terms, there were more commercial property transactions signed in the Irish market during the first three months of this year than during the entire 12 months of 2013.