Over €214m was invested in commercial property in Cork last year, with the €56m sale of Mahon Point Retail Park marking the largest single transaction.

Office landlord Green Reit, which owns key properties in Dublin, including One Molesworth Street, George’s Quay and properties on Harcourt St, as well as One Albert Quay in Cork, has been sold for €1.34bn, confirming that the buyer is the British fund Henderson Park.

Property investment fund Green Reit has said it is "pleased" with how its sales process is progressing and with the level of interest shown in the business and its assets.

US-based property investment fund Starwood Property Trust is understood to be preparing to sell a portfolio of offices in Dublin, in one of Ireland’s biggest real estate sales.

Hibernia Reit, the country’s largest stockmarket-listed office landlord, still has “the firepower” to make further significant acquisitions in Dublin, but has all but ruled itself out in pitching for rival Green Reit which had put itself up for sale.

Green Reit shares climbed following its surprise decision to put itself on the market, but other stock market property listed firms failed to get a major lift.

Dublin office rents are back at boom-time levels of 2007 but are “not going anywhere too quickly”, despite demand fuelled by Brexit and foreign direct investment, says Green Reit chief executive Pat Gunne.

The Government has said it will provide further details of its €300m Brexit loan scheme for SMEs in the coming weeks amid mounting uncertainty among industry groups.

The chief executive of Green REIT–the Dublin-focused commercial real estate developer — said the demand for top-grade office rentals in Cork will likely increase.

The €45.6m purchase of the John Cleary Developments’ Capitol development in Cork city by a German pension fund “is a major confidence boost for the city” and a positive omen for new development, according to Goodbody investment analyst Colm Lauder.

THE €45.6 million purchase of the John Cleary Developments’ Capitol development in Cork city by a German pension fund “is a major confidence boost for the city” and a positive omen for new development, according to Goodbody investment analyst Colm Lauder.

Ireland could be a location choice for firms in the burgeoning financial technology (fintech) industry post- Brexit, according to a report from KPMG.

Maritime-themed Radharc is ship-shape and is sure to attract attention from sailors and landlubbers alike, writes Tommy Barker

AS CBRE prepares to open its first Cork office, new MD Brian Edwards gives an overview of the Cork commercial investment market

Green REIT, the publicly-quoted property investment fund, is confident that US companies will remain interested in taking up vacant office space in Ireland, despite potential policy changes by the Trump administration.

Sterling yesterday surrendered most of the ground it had gained after Theresa May outlined her hard Brexit vision for Britain on Tuesday, as investors looked to Irish property stocks as potential winners from the UK’s rupture with Brussels.

Tickets are likely to be in hot demand for a black-tie dinner address next week by John Delaney, the former vice-president of the Olympic Council of Ireland and the CEO of the Football Association of Ireland.

The debate over whether the UK will exit the EU has switched dramatically to the potential gains for some Irish shareholders and most Irish exporters should the so-called ‘Bremain’ side win the looming UK vote on EU membership on June 23.

Investors in the Irish stock market should favour Irish firms that have less exposure to the UK — until the outcome of the British referendum on membership of the EU is known, Merrion Capital has said in a major report.

Further signs of property sector momentum were evident yesterday, with the country’s main two publicly quoted property investment funds reporting strong financial and operational progress.

THE property investment market in Ireland’s second city hit new and record highs in 2015, far out-stripping 2014’s much-recovered market, according to a new report due shortly from DTZ Sherry FitzGerald.

Property group, Green Reit has won its planning battle with An Taisce over its plans to demolish a landmark building and erect a new six-storey office block on Dublin’s Dawson Street.

Global consulting engineering company, Arup, is to move into new Cork City offices, at One Albert Quay, in time for its 70th anniversary.

Good morning. Here’s everything you need to know before you start your day.

Irish property investment firm Green Reit yesterday reported a 264% increase in profit and signalled its intent to pull back from further acquisitions in the coming year.

Cork’s soon-to-be largest office block, One Albert Quay, is set to land another major tenant as the landmark development continues to attract considerable interest.

The early success of Cork’s soon-to-be largest office block will spur the commercial property market into life and help alleviate key infrastructural shortcomings in the city, according to a leading consultancy firm.

IN the first five months of 2015, office activity in Cork has been dominated by the FDI sector, with five substantial transactions completed.

The decision by a property investment company to pay up to €58m for an office block nine months ahead of completion, should give confidence to the developers of other major development in the pipeline for Cork city, the Cork Chamber has said.

Cork City’s newest and largest office block, One Albert Quay, has been purchased for up to €58m by Green Reit nine months ahead of its completion.

Three things are happening this week which underscore the ongoing positive momentum enveloping the Cork economy.

Property investment fund Green Reit is eyeing the soon-to-be gem of the Cork office market having entered exclusive negotiations to acquire One Albert Quay.

Property investment fund Green REIT will next month pay a maiden dividend to shareholders covering its first year in existence.

Investment in the country’s real estate market reached record levels last year with a number of new players coming to the fore accounting for much the activity. More than €4.5bn was spent on real estate in 2014 making it the highest amount ever invested in the Irish market surpassing the previous peak by more than €900m.

Property investment fund Green REIT will “shortly” put in place fresh funding of €150m, with scope to increase that amount.

Property investment fund Green REIT is expected to secure a new debt facility of €100m to €200m with its lenders over the next month-and-a-half.

Green REIT is in advanced talks with its lenders on additional debt funding, but already has a war chest of more than €320m to invest in further opportunities.

The news that Green REIT Plc has acquired the former Sun Alliance building — at nos 13-17 Dawson Street, in Dublin 2, for €23m — bodes well for the city’s crane count.

Hibernia REIT — one of the new breed of property investment funds to have floated in the past year — is in negotiations with a number of potential lenders in the hope of establishing debt facilities to be used to fund its purchasing activity.

The number of trades dealt on the Irish Stock Exchange (ISE) stood at 2.2m for the first half of 2014 – an increase of 32% on the same period in 2013, according to new ISE statistics published today.

Investment in the country’s commercial property market is running at 25% higher than at the sector’s peak in 2006.