New wave of property deals on the horizon

The country’s commercial property market is set to emulate the exceptional levels of activity seen last year as investors scrambled to get deals done before the capital gains tax exemption expired.

Despite no such deadline looming this time around to focus purchasers’ minds, a busy second half of the year, with up to €800m of opportunities being brought to market, is anticipated by commercial property group CBRE, which yesterday released its latest bi-monthly research report.

Following a bumper start to the year, the occupier sectors of the Irish commercial market — office, retail and industrial — saw an expected drop-off in activity in July and August which will likely be reversed in the coming months.