Ireland sees property investment double in H1

Irish commercial property investment reached €1.8bn (£1.6bn) in the first half of 2018, double the same period last year.

CBRE Ireland said €946m (£835m) traded in Q2 2018 alone. There were 86 transactions during the six months with a value in excess of €1m (£880,000).

Marie Hunt, executive director at CBRE Ireland, said: “Somewhat unusually, there were eight investment transactions extending to more than €100m in value signed in the first six months of 2018, which significantly boosted H1 spend. This compares with five transactions in excess of €100m being completed during the entire year in 2017.