Property investment deals this year could exceed the €3bn seen in 2020 according to Hannah Dwyer, head of research at JLL Ireland. “We are also aware of a number of large-scale opportunities which we expect to trade in the next nine months. It is believed to have generated more than €95m for Targeted Investment Opportunities (TIO), which includes US firm Oaktree Capital, Irish builder Bennett Construction and Nama. The largest investment deal in the first quarter was Blackstone’s purchase of the Project Tolka office portfolio for €290m. Ms Dwyer said that the total volume of €650min Q1 was “a really steady start to the year for the investment market in Ireland and demonstrates how the sector has continued to be resilient throughout the current pandemic.

Source: Irish Independent April 01, 2021 01:39 UTC