Office Market – Word on the Street
Continued improvement in activity and sentiment – up on 2012 levels
Continued improvement in activity and sentiment – up on 2012 levels
The total investment spend in 2012 was approx. €500 million. The market has already well surpassed that level in 2013 with €610 million transacted year to date.
Signs are emerging of renewed interest in development sites, particularly in south Dublin where house prices are rising and commercial rents and yields are showing improvement.
The residential investment market is undergoing a fundamental change in ownership structure. The small “buy to let” guy is being replaced by institutional type investors and property companies as purchasers. We call them the “Super Landlords”.
Murphy Mulhall has been appointed as Asset Managers of Dun Laoghaire Shopping Centre, which has over 60 tenants and is anchored by Supervalu.