The inaugural edition of a bi-annual comprehensive study of the entire commercial investment market in Ireland. Deal sizes from €29k to €950m, auction and private treaty.

1. Investment Digest
Irish Commercial Real Estate, H1 2016

3. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Introduction
Welcome to the inaugural edition
of the Investment Digest – a joint
collaboration between CBRE
Ireland and Allsop Ireland,
focusing on investment trends and
transactions in the Irish commercial
property market during the first six
months of 2016.
By combining the rich data
compiled by Allsop on income-
producing commercial investment
transactions throughout the country
with CBRE’s comprehensive data
on investment transactions, this
document provides a concise
summary of transactional activity
in the Irish commercial property
market in the first half of 2016.
At the moment, other than data
collected by the State on stamp
duty receipts, which gives some
limited insight on the volume of
transactional activity in the non-
residential property market, there
is no central repository for data on
commercial property transactions.
Investors therefore have to
make investment decisions and
underwrite transactions based
on a myriad of different data
sources, all of which are collated
using different assumptions - an
issue that has been pointed out
to respective Governments over
recent years. In the absence of a
comprehensive national database,
Allsop and CBRE have combined
their comprehensive datasets to
produce a unique perspective
on the sale of income-producing
commercial property in Ireland in
the first half of 2016. We have also
reviewed sales of vacant properties
by Allsop in the first half of 2016
Under current data protection
legislation, the publishing of sales
prices, other than sales by auction,
is heavily restricted. As the market
leaders in national auctions, Allsop
Ireland holds the largest public
register of commercial property
prices in Ireland. Combined with
CBRE’s market intelligence on
income-producing investment
transactions, this report provides
interesting analysis on the value
and volume of transactional activity
in the CRE sector around the
country during H1 2016 from small
provincial properties to multi-
million Euro transactions, giving a
unique perspective on liquidity and
buyer profiles in different regional
locations, sectors and price
brackets. The report was drafted
in the immediate aftermath of the
unexpected Brexit referendum
result in the UK. This analysis is
therefore timely enabling us to
monitor any impact the Brexit
result has for the Irish commercial
investment market going forward.
We hope that you find the analysis
interesting.
MARIE HUNT
Executive Director & Head of Research
CBRE Ireland
E. marie.hunt@cbre.com
ROBERT HOBAN
Commercial Director
Allsop Ireland
E. robert.hoban@allsopireland.ie

4. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Key Findings
• 238 individual income-producing commercial
investment transactions totalling more than €2.95
billion were completed in the Irish market in the first
half of 2016. The transactions ranged in value from
€29,000 to €950 million.
• One transaction of more than €500 million accounted
for less than half of 1% of the number of commercial
investment transactions signed in H1 2016 despite
accounting for almost one third of total investment
spend in the period.
• In contrast, almost half of the total number of income-
producing transactions completed in H1 2016 had
a value of less than €1 million but between them
amounted to less than 1% of the total spend in the
period.
• 56% of the transactions completed in H1 2016 were
located in Dublin with a further 15% of transactions
being located elsewhere in Leinster. Just over 18%
of transactions were located in Munster, 8% were
located in Connacht and only 2% were located in the
Ulster counties of the Republic.
• There were no sales of income-producing or tenanted
properties of more than €5 million completed in either
Connacht or the Ulster counties in the six month
period.
• The two most dominant forms of commercial property
traded for investment purposes during the first half of
2016 were offices and retail properties both of which
accounted for a third of total investment spend in the
period.
• The average transaction value of office investments
completed in the period was €19.9 million, compared
to an average transaction value of €10 million per
transaction in the multifamily residential sector, less
than €1 million for mixed-use properties, €958,000 in
the retail sector (excluding the Blanchardstown Town
Centre transaction) and €904,000 in the industrial
sector.
• Institutional funds accounted for over 70% of
income-producing asset sales of more than €1
million in H1 2016 whereas private buyers accounted
for the largest proportion (63%) of sub €1 million
transactions in the period.

5. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
• There was huge divergence in the yields achieved for
income-producing assets sold in the first half of 2016,
ranging from 2.3% to 27.71%.
• 82% of the total value of income-producing assets
purchased for less than €1 million in the first half of
2016 sold to Irish buyers. However, Irish buyers only
accounted for 24% of transactional activity for assets
that traded for more than €1 million with US buyers
being the most active purchasers for these assets.
• In addition to the 238 sales of income-producing
property sales analysed for the purposes of this
research, Allsop sold an additional 72 vacant
properties in Ireland in the first half of 2016, totalling
more than €14.5 million between them.
• There were no European buyers or Irish REIT buyers
of assets of less than €1 million in the first half of the
year.
“A unique perspective on
transactional activity in the Irish
market in the first half of 2016”

6. Transaction
Volume
238 individual income-producing
commercial investment transactions,
totalling more than €2.95 billion were
completed in the Irish market in the first
half of 2016. The transactions ranged in
value from €29,000 to €950 million (the
sale of Blanchardstown Town Centre in
Dublin 15). A further 72 vacant properties,
totalling more than €14.5 million were sold
by Allsop in the period.
Of the 238 transactions signed in the six
month period, only one transaction of more
than €500 million was completed (the sale
of the afore-mentioned Blanchardstown
Town Centre). There were no transactions
of between €250 million and €500 million
signed in the period. The 1 transaction of
more than €500 million only accounted for
less than half of one percent of the volume
of commercial investment transactions
signed in H1 2016 despite accounting for
almost one third of total investment spend
in the period.
7 individual transactions extending to
between €50 million and €100 million
were completed in H1 2016 while
there were 16 individual transactions
of between €10 million and €20 million
completed. Interestingly, 62 deals or 26%
of commercial investment transactions
signed in the first half of 2016 comprised
transactions of between €1 million and
€5 million with almost half (49%) of all
transactions signed in H1 having a value of
less than €1 million.
>€500 million / 1
0.4%
€100m - €250 million / 3
1.3%
2.9%
6.7%
5.9%
7.6%
26.1%
< €1 million / 117
49.2% €50m - €100m / 7
€20m - €50m / 16
€10m - €20m / 14
€5m - €10m / 18
€1m - €5m / 62
Volume of Transactions H1 2016
“238 individual transactions were signed in
H1 2016 of which 49% achieved a price of
less than €1 million”
Source: CBRE Research/Allsop
Number of Transactions
Number of Transactions
>€500 million 1
€250m- €500 million 0
€100m - €250 million 3
€50m- €100 million 7
€20m - €50 million 16
€10m - €20 million 14
€5m- €10 million 18
€1m- €5 million 62
<€1 million 117
238
INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Blanchardstown
Town Centre
Sold by Green
REIT plc for €950
million during H1
2016

7. The 238 commercial investment
transactions completed in the first half of
2016 amounted to a total of €2.95 billion
between them. Although almost half of
the total number of transactions signed
in the period comprised transactions of
less than €1 million in value, the value of
the sub €1 million transactions amounted
to less than 1% of the total spend in the
period demonstrating the wide range in
values achieved. In fact, even though there
was only 1 transaction of more than €500
million completed in Ireland in the first half
of 2016, this transaction accounted for
almost one third of total investment spend
in Ireland in the period.
A further 19% of investment spend in H1
2016 was accounted for by transactions
of between €100 million and €250 million
with a further 16% of total investment in
the period generated from transactions of
between €50 million and €100 million.
“Although 117 transactions
extending to less than
€1 million were signed
in the Irish market in H1
2016, between them they
accounted for only 1% of
total investment spend in
Ireland in the six month
period”
<€1 million / €39.5m
>€500m / €950m
1.3%
€100m - €250m / €567m
€50m - €100m / €458.8m
€20m - €50m / €469.9m
€10m - €20m / €199.2m
€5m - €10m / €127.5m
€1m - €5m / €142.6m
32.2%
19.2%15.5%
15.9%
6.7%
4.3%
4.8%
Value of Transactions (€m) H1 2016
Source: CBRE Research/Allsop
Value of Transactions
Value of Transactions (€ million)
>€500 million €950.0 32.2%
€250m- €500 million – 0%
€100m - €250 million €567.0 19.2%
€50m- €100 million €458.8 15.5%
€20m - €50 million €469.9 15.9%
€10m - €20 million €199.2 6.7%
€5m- €10 million €127.5 4.3%
€1m- €5 million €142.6 4.8%
<€1 million €39.5 1.3%
€2,954.60
INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Transaction
Value
7 Clanwilliam
Square, Grand
Canal Quay,
Dublin 2
Rent €48,000 p.a.
Sold €815,000.
5.7% yield

8. Transactions
by Region
Of the 238 individual investment
transactions totalling more than
€2.95 billion signed in Ireland in H1
2016, 56% of the spend was located
in Dublin with a further 15% of spend
being located elsewhere in Leinster.
18% of the total transactional spend
was located in Munster, 8% was
located in Connacht and only 2%
was located in the Ulster counties of
the Republic.
All transactions of more than €50
million in value occurred in Dublin or
elsewhere in Leinster.
There was only 1 transaction of
between €20 million and €50
million completed in Munster in the
period with 2 Munster transactions
extending to between €10 million
and €20 million completed in the
period. The remaining 41 Munster
transactions signed in H1 extended
to less than €10 million in value.
There were no income-producing
commercial investment transactions
of more than €5 million completed
in either Connacht or the Ulster
counties in the six month period.
Dublin Rest of Leinster Connacht Munster Ulster Total
>€500 million 1 1
€250m- €500 million 0
€100m - €250 million 2 1 3
€50m- €100 million 7 7
€20m - €50 million 11 4 1 16
€10m - €20 million 11 1 2 14
€5m- €10 million 15 3 18
€1m- €5 million 37 7 7 9 2 62
<€1 million 50 23 13 29 2 117
TOTAL 134 36 20 44 4 238
0
10
20
30
40
50
60
>€500m €250m-
€500m
Dublin Rest of Leinster Connacht Munster Ulster
€100m-
€250m
€50m-
€100m
€20m-
€50m
€10m-
€20m
€5m-
€10m
€1m-
€5m
<€1m
Transactions by Location H1 2016
Source: CBRE Research/Allsop
“Interestingly, more than
70% of the value of all
commercial investment
transactions signed in
the Irish market in the first
half of 2016 was located
in Dublin or elsewhere in
Leinster”
INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Donore Road
Industrial Estate,
Drogheda, Co. Louth
Rent €110,605 p.a.
Sold €1.035m
10.5% yield

9. Sligo
Mayo
Roscommon
Galway
Clare
Leitrim
Cavan
Longford
Westmeath
Offaly
Tipperary
Limerick
Kerry
Cork
Waterford
Wexford
Kilkenny
Carlow
Wicklow
Kildare
Dublin
Meath
Louth
Laois
Monaghan
Donegal
Antrim
Armagh
Derry
DownFermanagh
Tyrone
4
Number of Transactions Completed
in the 6 Month Period
134
36
44
20
INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016

10. Transactions
by Sector
INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Office €1,014,201,200 51 Transactions
Retail €1,014,207,378 67 Transactions
Industrial €43,386,000 48 Transactions
Mixed Use €278,383,106 52 Transactions
Multifamily Residential €123,405,000 12 Transactions
Other €481,020,622 8 Transactions
TOTAL €2,954,603,306 238 Transactions
Office
Retail
Industrial
Mixed Use
Multi-Family Residential
Other
34.3%
34.3%
1.5%
9.4%
4.2%
16.3%
Irish Investment Transactions H1 2016
Source: CBRE Research/Allsop
PwC Headquarters, Dublin Docklands, sold for €242 million
OFFICES
Of the 238 commercial income-producing investment
transactions signed in Ireland in H1 2016, 51 transactions
(21%) comprised office properties, which between
them accounted for almost 35% of the total spend in
the period. 1 office property sold for more than €200
million (the sale of the PwC headquarters office building
in Dublin Docklands for €242 million) while there was
1 office investment sale of between €100 million and
€200 million completed in the period. There were 5 office
investments sold for between €50 million and €100
million; 7 office properties sold for between €20 million
and €50 million; 4 office investments sold for between
€10 million and €20 million; 19 properties for between €1
million and €10 million. Meanwhile, there were 14 office
investments sold for less than €1 million in the six month
period.
Interestingly, 40 of the 51 office properties sold in Ireland
in H1 2016 were located in Dublin with a further 4 located
elsewhere in Leinster, 4 located in Munster, 2 located in
Connacht and 1 in the Ulster counties of the Republic.
The average transaction value of office investments
completed in the period was €19.9 million.
“The two most dominant forms of commercial property traded for investment
purposes during the first half of 2016 were offices and retail properties both
of which accounted for a third of total investment spend in the period”

11. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
RETAIL
Of the 238 income-producing commercial investment
transactions signed in the first half of 2016 in Ireland, 67
of them (28%) comprised retail properties. The largest
transaction to complete in the six month period was the
sale of Blanchardstown Town Centre in Dublin 15 for
€950 million while the smallest transaction was the sale
of a provincial retail premises for €45,000. The large
shopping centre sale skewed the results somewhat with
over €1 billion or 34.3% of overall investment spend in the
six month period comprising retail properties as a result.
28 of the 67 retail transactions completed in H1 2016
were located in Dublin accounting for 71% of the value of
retail investments in the six month period. There were 12
retail transactions completed elsewhere in Leinster in the
period accounting for a further 22% of retail investment
spend in Ireland in H1 2016. Meanwhile, there were 20
transactions completed in Munster in the period which
between them accounted for a further 7% of the value of
retail investment transactions in the period. There were 5
retail transactions completed in Connacht in the period
and 2 in the Ulster counties in the Republic.
When the large €950 million shopping centre transaction
is excluded, the average retail transaction completed
in Ireland in the first half of 2016 was approximately
€958,000.
Globe Retail Park, Naas Co. Kildare sold for €250.45 million, H1 2016
INDUSTRIAL
One of the often-cited frustrations in the Irish investment
market is the scarcity of prime industrial investment
properties, with the situation being particularly acute for
large-scale premises. This is borne out by our research
which shows that even though a total of some 48
industrial investment transactions were completed in
the first half of 2016, accounting for 20% of all income-
producing investment transactions signed in the period,
most of the transactions were relatively small.
The largest industrial investment property to change
hands in the six month period traded for €17.8 million.
There were 7 industrial investment transactions extending
to between €1 million and €5 million while the remaining
40 transactions were all less than €1 million in value. As
a result, the total value of industrial investment activity
completed in Ireland in H1 2016 was approximately €43.4
million or only 1.5% of total transactions by value.
26 of the 48 industrial investment transactions completed
in Ireland in the first six months of 2016 were located in
Dublin with a further 10 located elsewhere in Leinster.
There were 7 industrial investment transactions
completed in Munster in the period and only 5 in
Connacht.
The average transaction value in the first half of 2016 in
the industrial sector was approximately €904,000.
Units 1A & 1B, Rosemount Business Park, Dublin 15 sold for €17.8 million, H1
2016

12. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
MIXED USE
Of the 238 transactions completed in H1 2016, 52 (22%)
were described as mixed-use properties. In total, mixed-
use properties accounted for more than €278 million of
transactional activity in the period or 9.4% of the total
value of investment activity in the commercial property
market in Ireland during H1.
28 of the 52 mixed-use properties were located in Dublin
with a further 6 located elsewhere in Leinster, 10 in
Munster, 7 in Connacht and 1 in Ulster. The highest value
achieved for a mixed-use property in the period was €93
million.
There were 3 transactions of between €20 million and
€50 million in this sector, 2 transactions of between
€10 million and €20 million, 4 transactions extending to
between €5 and €10 million, 18 between €1 million and
€5 million and 24 transactions described as mixed-use
that traded for less than €1 million.
The average transaction value in the first half of 2016 in
the mixed-use sector was less than €1 million.
1 Abbey Street, Naas, Co. Kildare
Rent €69,000
Sold €700,000
9.7% yield
MULTIFAMILY RESIDENTIAL
4.2% or more than €123.4 million of the total income-
producing investment spend in Ireland in the first half
of 2016 was accounted for by multifamily residential
investments with 12 individual transactions completed
in the period. The largest of these was the acquisition
by IRES Reit plc of a block of apartments at Elm Park in
Dublin 4 for €59 million.
9 of the 12 multifamily investment transactions completed
during H1 2016 were located in Dublin with 2 transactions
completed elsewhere in Leinster and one in Connacht in
the period. There were no multifamily investments sold in
Munster in the period.
The average transaction value in the multifamily sector in
the first half of 2016 was more than €10 million.
Elm Park, Dublin 4, Multifamily block, sold for €59 million, H1 2016

13. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Transactions
by Buyer Type
From a situation 10 years ago
when the Irish investment market
was wholly domestic and primarily
funded by domestic bank funding,
there has been a notable shift in
recent years with more than half
of all buyers of Irish commercial
property now emanating from
overseas. In the immediate
aftermath of the banking crisis, we
saw several private equity funds
and opportunistic buyers entering
the market purchasing assets and
portfolios, some of which are now
being resold in the current climate.
Interestingly, these buyers have
largely been replaced with long term
institutional investors in the last two
years with European pension funds
and institutions being particularly
active in 2015 and 2016.
Our research shows that there is
considerable divergence in buyer
type depending on the asset price.
Indeed, over 70% of the total value
of income-producing assets sold
for more than €1 million during
the first half of 2016 comprised
institutional funds with 13% of the
value of transactions of more than
€1 million purchased by private
buyers and 10% purchased by
property companies. In contrast, for
tenanted assets that sold in the six
month period with a purchase price
of less than €1 million, the largest
proportion (63%) by value was
purchased by private buyers.
Company Confidential Individual Institutional Other Other Private Property Unknown
Fund Collective Buyer Company
Vehicle
<€1 mill 4% 5% 9% 0% 1% 0% 64% 13% 4%
>€1 mill 0% 4.4% 0% 70.5% 0.8% 1.5% 12.9% 9.8%
“Institutional funds accounted for over 70% of income-producing asset sales
of more than €1m in H1 2016 whereas private buyers accounted for the
largest proportion (63%) of sub €1m transactions in the period”
4%
Unknown
4%
5%
9%
1%
64%
13%
Private Buyer
Property Company
Company
Individual
Confidential
Other
Buyer Profile <€1 million
Source: CBRE Research/Allsop
12.9%
9.8%
4.4%
70.5%
0.8% 1.5%
Private Buyer
Property Company
Confidential
Institutional Fund
Other
Other Collective Vehicle
Buyer Profile >€1 million
Source: CBRE Research/Allsop

14. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Transactions by
Buyer Nationality
82% of the total value of income-
producing commercial property
purchased for less than €1 million
in the first half of 2016 was sold to
Irish buyers. However, for assets
sold for more than €1 million, Irish
buyers only accounted for 24% of
transactional activity by volume.
US buyers were the most active
for assets with a value of more
than €1 million accounting for
more than one third of investment
activity in this cohort in the first
half of 2016. Meanwhile, European
buyers accounted for 19% of
asset sales over €1 million value
in H1 2016 while there were no
European buyers of assets of less
than €1 million in the first half of
the year. Similarly, while Irish REIT’s
accounted for 6% of investment
transactions of more than €1 million
in H1 2016, they purchased no
assets of less than €1 million in the
period.
European UK Irish Irish US Other Confidential or
REIT Overseas Unknown
<€1 mill 0% 6% 82% 0% 1% 2% 9%
>€1 mill 19% 13% 24% 6% 34% 0% 4%
“82% of the total value of income-producing commercial property
purchased by Irish buyers for less than €1 million in the first half of 2016
comprised Irish buyers. However, Irish buyers only accounted for 24% of
transactional activity for assets that traded for more than €1 million”
9%
6%
82%
1% 2%
UK
Irish
US
Other Overseas
Confidential or
Unknown
Nationality of Buyers <€1 million
European
UK
Irish
Irish REIT
US
4%
19%
24%
13%
6%
34%
Confidential or
Unknown
Nationality of Buyers >€1 million
Source: CBRE Research/Allsop Source: CBRE Research/Allsop

15. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Average
Yields
Sligo
Mayo
Roscommon
Galway
Clare
Leitrim
Cavan
Longford
Westmeath
Offaly
Tipperary
Limerick
Kerry
Cork
Waterford
Wexford
Kilkenny
Carlow
Wicklow
Kildare
Dublin
Meath
Louth
Laois
Monaghan
Donegal
Antrim
Armagh
Derry
DownFermanagh
Tyrone
Industrial Mixed Use Office Multifamily
Residential
Retail
DUBLIN
9.3%
7.1%
6.3%
6.8%
6.7%
REST OF
LEINSTER
11.0%
7.5%
16.0%
13.1%
10.6%
N/A
6.9%
9.7%
N/A
7.6%
CONNACHT
11.1%
7.1%
10.4%
10.9%
8.1%
MUNSTER
13.1%
6.7%
9.0%
N/A
7.1%
On the basis that every investment
transaction is unique, properties
have different locational and
physical characteristics and
are subject to different leases,
it is difficult to generalise when
assessing pricing or yields
achieved. However, it is interesting
to consider the initial yields
achieved for all 238 commercial
property investment transactions
tracked in the first half of 2016 to
get a general sense of the yields
that property assets achieved in the
period. These yields are somewhat
different to the synthetic prime yield
series produced by CBRE which
look specifically at prime buildings.
The July yield series suggests that
prime high street retail yields in
the Irish market are currently in the
order of 3.25%, prime office yields
are in the order of 4.65% while prime
industrial yields are in the order of
5.75%.
In contrast, the initial yields achieved
in the market in the last six months
vary considerably being that a large
proportion of the transactions were
located outside of the core Dublin
market and with a large majority
of the total number of transactions
extending to less than €1 million.
In fact, there was huge divergence
in the initial yields achieved for
income-producing commercial
properties sold in the first half of
2016, ranging from 2.3% to 27.71%!
ULSTER
Averages by Province

16. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Vacant
Properties
In addition to the 238 income-
producing investment properties
analysed for the purposes of this
research, Allsop also sold an
additional 72 vacant properties
in the first half of 2016. The total
consideration achieved for these
properties amounts to an additional
€14.5 million, ranging from
€725,000 for a vacant office building
in Limerick to a vacant former hotel
in Waterford for €30,000. The
average transaction size of these
vacant properties was just over
€200,000.
“72 vacant properties
totalling more than
€14.5 million were sold
by Allsop in the first half
of 2016”
0
1
2
3
4
5
6
7
8
Dublin
Restof
Leinster
Munster
Connacht
Ulster
Million
27 sales
13 sales 18 sales
11 sales
3 sales
Allsop Vacant Sales H1 2016
Source: CBRE Research/Allsop
Dublin Rest of Munster Connacht Ulster
Leinster
€7.09m €2.70m €2.55m €1.57m €1m
27 of the 72 vacant properties sold in the first half of
2016, totalling more than €7 million between them were
located in Dublin with a further 13 sales totalling more
than €2.7 million sold elsewhere in Leinster in the period.
There were 18 sales of vacant property in Munster in
H1 2016 totalling more than €2.55 million, 11 sales in
Connacht totalling €1.57 million and 3 sales totalling
approximately €1 million completed in the Ulster counties
in the Republic.
Hotels Industrial Mixed Offices Public Retail
Use House
2 26 6 12 10 16
26 of the 72 vacant properties were industrial properties
with 16 vacant retail premises, 12 vacant office buildings
and 10 vacant public houses also sold in the period. There
were 6 mixed-used buildings sold and 2 vacant hotel
properties.
When analysed by value, industrial properties accounted
for more than 31% of the total value of vacant commercial
properties sold in H1 2016, with office properties
accounting for more than 26%, retail properties accounting
for 20% and public houses accounting for 16% of spend.
Hotels
Industrial
Mixed Use
Offices
Public Houses
3%
Retail
36%
8%
17%
14%
22%
Allsop Vacant Sales H1 2016
Source: CBRE Research/Allsop

17. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Price
Per Sq M
We have analysed all transactions
of less than €1 million to determine
an average price per square metre
for each sector. The average
price per square metre of office
properties that sold for less than €1
million in the first half of 2016 was
€1,879 per square metre while the
average price achieved for industrial
properties in the period was €1,140
per square metre. The average
price achieved for retail proeprties
in the period was €1,281 per square
metre while mixed-used properties
achieved a price per square metre
of €1,744 in the six month period.
Industrial €1,140 per Sq M
Retail €1,281 per Sq M
Mixed-Use €1,744 per Sq M
Office €1,879 per Sq M
The Chase Building, Sandyford, Dublin 18, sold for €62.5 million, H1 2016

19. INVESTMENT DIGEST | Irish Commercial Real Estate, H1 2016
Contacts
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Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no
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clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.
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