O’Callaghan Properties have placed a Cork city centre development on the market today with a guide price of €34m.

Cork City's curvaceous Half Moon Street development, anchored by Boots chemist at its lower level as its main flagship pharmacy in Cork, and occupied overhead by offices for Apple Europe, is for sale as an investment, with a guide price of €34 million.

German fund manager Deka Immobilien Europa has acquired the Whitewater Shopping Centre in Kildare for €180m.

The value of investment property transactions in Ireland could hit €3bn next year, according to property consultants Savills Ireland market outlook.

The commercial property sector saw a marked upturn during the first half of the year, with transaction volumes rising considerably and values stabilising.