Value of commercial property purchases still lag behind 2023

Between January and June, turnover stood at €686m, down 32% year-on-year

The sale of the Mahon Point Retail Park to French investor Corum for an estimated €50m was the largest retail transaction seen so far this year. 

The volume and value of commercial property transactions saw “significant increases” between April and June but total turnover for the year still lags behind what was recorded in 2023, a new report by estate agents Sherry FitzGerald has said.

During those three months, there were 34 commercial property transactions recorded worth a combined €523m. Spending during the first three months of the year hit an all-time low of €163m.