Retail property deals drives slight investment rebound

Retail sector was the key driver of investor activity last year, with total turnover of €1bn, new report shows

The largest investment property deal of 2024 was the €575m sale of Blanchardstown Shopping Centre by Goldman Sachs to Strategic Value Partners.

Retail property sales drove a slight rebound in investment transactions during 2024, but deal values still remain behind the long-term average, a new report by estate agent Sherry FitzGerald shows.

Investor activity strengthened as the year progressed, with just under half of the total spend taking place in the final three months. This follows a dismal opening quarter when the value of transactions hit the  lowest level on record, at only €163m.