Commercial property recovery reaches regions

Signs of the re-emergence of the commercial property sector which have been evident in Dublin are finally beginning to appear in other regions as the pace of provincial transactions starts to gather pace.

The recovery is rearing its head across all segments of the market including retail, office and industrial properties although the Dublin market remains clearly ahead of the other major urban centres.

Among the major industrial deals concluded recently are the sale of the former Dell factory in Raheen, Co Limerick, for a reported €6m, as well as the acquisition of land to accommodate the expansion of Vistakon in the same city.