CONTACT: Brian Lavery– 02890438555 or brian.lavery@cbre.comBelfast, 14th June 2013 – Property consultants CBRE this afternoon welcomed today’s announcement of a new economic stimulus package (Building a Prosperous and United Community) for Northern Ireland, saying it contains elements that have the potential to boost job creation in the region and in turn have positive implications for the property sector.
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CONTACT: Marie Hunt – 00 353 1 6185543 / 00 353 87 2727115 or marie.hunt@cbre.comDublin, 1st May 2013 – Commercial property consultants CBRE today released their May bi-monthly report, focussing on current trends in all sectors of the Irish commercial property market. The property consultants say that there is a lack of prime properties for sale to cater for the current volume of demand in many sectors. The CBRE report also contrasts conflicting market conditions in the Republic and Northern Ireland, with transaction volumes extremely low in the North during the first few months of 2013 in contrast to two consecutive quarters of strong transaction volumes in the Republic and improving prices in the Dublin market over recent months.
Office & Industrial Market
There has been an increase in demand for office premises in both the city centre and the suburbs of Dublin over recent months with overall demand for 192
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More prime property assets needed to satisfy current volumes of demandDublin, 9th April 2013 – Commercial property consultants CBRE today released final investment spend data for the Irish market for the first quarter of 2013, which shows that the momentum experienced in the commercial property sector during the latter half of 2012 has continued this year. According to CBRE, more than €336 million of investment properties of more than €1 million in value traded in the Irish market during the first three months of the year, which is higher than provisional estimates produced by CBRE in advance of the quarter end. In total, 21 investment transactions of more than €1 million were completed in the Irish market during Q1 2013. This quarterly spend compares with €545 million invested in Irish commercial real estate in the entire year last year and is significantly higher than that invested in each of the previous three years.
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About CBRE
CBRE is the world's largest commercial real estate firm (in terms of 2011 revenue) serving real estate owners, investors and occupiers. With over 300 offices in more than 50 countries, we have more consultants advising more customers than any other property firm.
In Ireland, with offices in Belfast and Dublin, CBRE is the country’s largest commercial real estate services company.Offering strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; real estate finance; appraisal and valuation; development services; investment management; and research and consulting we help our clients realise the true value of their real estate.
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