Growth in Cork commercial investment market

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

Although the majority of the big-ticket commercial property investment transactions that complete in the Irish market each year occur in Dublin, Cork has actually accounted for an increasing proportion of investment activity over recent years.

Indeed, €636 million of investment transactions have been completed in Cork in the past 10 years, according to CBRE Research. The total spend, in reality, is actually higher as we only count transactions extending to more than €1 million in our analysis, and it also excludes assets sold as part of loan sales.