Strong end in sight for what has been a phenomenal year for Irish commercial property
Dublin, 1st November 2014 – Commercial property consultants CBRE Ireland today released their final bi-monthly analysis for 2014 focussing on trends in each sector of the Irish commercial property market. According to their November bi-monthly report, 2014 has been a record year for the Irish commercial property market with no let-up in sight as year-end approaches. In fact the usual rush to get transactions signed by year-end will be even more intense this year with the Capital Gains Tax (CGT) relief due to expire on December 31st. According to the author of the report, Marie Hunt, Executive Director and Head of Research at CBRE Ireland, “2014 has been a phenomenal year for the Irish commercial property market with the volume of transactional activity in almost every sector of the market exceeding expectations and a solid recovery in values being experienced across the board.”
About CBRE Group, Inc.
CBRE Group, Inc. ((NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com
In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 130 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie./ni