CBRE Ireland

Following the release of our Q3 market reports, in this video CBRE Ireland’s Head of Research Colin Richardson summarises some of the key trends from the data and also provides a market outlook for the remainder of the year. Key Highlights: 📉 With interest rates falling, swap rates are now at the lowest point since the onset of interest rate hikes in mid-2022. ✅ 60% of all Dublin office take-up in Q3 involved BER A rated space, and total take-up is on course to reach over 185,000 sq m in 2024. 💶 A bumper Q4 is expected in the investment market. Total spend this year could reach €2.5bn. 🏢 Yields are now trending stable across several of the key sectors, most notably prime offices, some of the retail subsectors, and residential assets. 📢 With the date for the next general election now confirmed, a review of rent cap regulation is required to attract institutional capital back to the residential market. cbre.ie/research

Sold | Roe Park, Golf & Spa Resort   The CBRE Hotels team are delighted to announce the sale of Roe Park, Golf & Spa Resort to the Galgorm Collection.   The 118-bedroom hotel, on 60.7ha/150 acres includes extensive Spa, F&B, and Conference and Banqueting facilities, together with an 18-hole parkland golf course and clubhouse, and three lodges.   Paul Collins, Head of Hotels, CBRE, commented “We are delighted to have sold this prestigious property which is one of Northern Ireland’s best known and highly profitable resort hotels. Roe Park Resort attracted tremendous interest, both from international and local investors, and it will be a great fit for the successful buyers the Galgorm Collection.”   Paul Collins | John Hughes | Alexandra Sheeran | Leah Monaghan | Brian Lavery | Lisa Mcateer | CBRE NI | Tiarnán O'Neill

CBRE’s Capital Markets team have been busy completing in excess of €850m+ of transactions in the first 3 Quarters of 2024 across Investment Properties, Corporate Finance and Healthcare. The pace of activity has continued into Q4 with more deal announcements coming soon! Kyle Rothwell | Shane Cahir | Fiona Kennedy | Christian Judd | Peter Keegan

Request for Best Bids | Former Nuremore Hotel and Country Club   CBRE Ireland are now inviting interested parties to submit their bid by 5pm on Friday 29th November for the former Nuremore Hotel and Country Club, Carrickmacross, Co. Monaghan.   The Nuremore was a landmark hospitality business and Golf Club in the North East and with capital investment can be reestablished as a leading resort hotel in the region attracting significant business from north and south of the border.   For further information please contact John Hughes or Leah Monaghan from our Hotels department. 

Another fantastic Dublin residential transaction for Union! It was brilliant to work with Friedrich, Patrick and the wider Union team on the acquisition of Newtown Garden, Blackrock. A follow on from their acquisition of 8th Lock (which we advised on also) in 2021, this Blackrock scheme will offer much needed apartments to the rental market. A big thank you to Union for their continued support. CBRE Ireland Union Investment Real Estate GmbH Friedrich Georg Warmbold MRICS Patrick Weil

TO LET – EXTENSIVE REFURBISHMENT UNDERWAY | Unit 502B Greenogue Business Park, Rathcoole, Co. Dublin CBRE Ireland Industrial & Logistics team are delighted to announce that the refurbishment of Unit 502B is now underway. Unit 502B extends to approx. 22,238 sq. ft. with a generous clear internal height of approx. 12.5m and will be fully refurbished to BER A2. The property is situated in one of Dublin’s most well-established industrial and logistics with instant access to the N7. Loading access is provided via 1 no. dock leveller and 1 no. grade level door with the benefit of a 36-metre deep yard. Web listing - https://lnkd.in/emt4QFCY   For more information, please contact CBRE's Stephen Mellon or Aaron Robinson or our joint agents HARVEY | Industrial Property Specialists John Reynolds  Peter Levins    #industrial #logistics #greenogue

New Report | Dublin Office Market Q3 2024   CBRE Ireland have released the Q3 Dublin Office Market overview. The key takeaways from the report include:    ⬆ Q3 saw a continued rebound in leasing activity in the Dublin office market.   ✅ Take-up in the last two quarters combined has outstripped the entire year of activity in 2023. 🏢 The strong level of reserved stock and demand requirements are also encouraging, and sentiment is arguably its most positive since prior to the pandemic. 🛑 The market is not without its challenges however. The overhang of vacant and redundant stock remains. 📑 Dublin office take-up totalled 55,150 sq m in Q3, bringing year-to-date take-up to 159,430 sq m.   📈 Full-year take-up will likely surpass 185,800 sq m.   Read the full report here: https://lnkd.in/dPm-MvxP Colin Richardson | Emer Geissel | Niall Little | Alan Moran | Daniel Shannon | Paddy Conlon | Deirdre Carr | Sam Daunt | Melanie Bevan 

CBRE’s global research team recently published their ‘2024 Luxury Real Estate Report’, which details how the evolution of the luxury market is impacting real estate in retail, hotels and living. Dublin, in particular, was earmarked as a city to watch in terms of the growth of millionaires. The report highlights how Dublin has seen approx. 60% growth in the number of millionaires living in the city in the last decade. This can be attributed to the exceptional level of economic growth that the country has experienced since 2013 with record levels of foreign direct investment in the technology and pharmaceutical sectors. While Irish residential property prices have risen by nearly 130% in that same time frame. The effect of Brexit is also a factor, with many professionals relocating to Ireland and a significant increase in Irish passport applications post-the Brexit referendum. Read the full report here: http://spr.ly/6041SKgcc Colin Richardson | Emer Geissel | Niall Little | Paul Collins | Susan Joyce | Bernadine Hogan | Alex Ozga

For Sale | 31-33 South Terrace, Cork On behalf of JMK Group, CBRE are delighted to offer for sale 31-33 South Terrace, Cork, a hotel development site with full planning permission for a 103-bedroom hotel, guiding in excess of €3m. A number of international hotel groups have expressed interest in offering franchise agreements for this proposed hotel. For more information, please contact the CBRE Ireland team: Dave Murray, John Hughes, Paul Collins, Leah Monaghan, Brian Edwards or Denis O'Donoghue.

CBRE Ireland is hiring. For all our latest career opportunities, visit www.cbre.ie/careers and apply through our careers portal.   Explore our current openings by clicking on the relevant link below.   Associate Director or Senior Surveyor – Industrial & Logistics - https://lnkd.in/e6JiRKx5   Associate Architect - https://lnkd.in/gyfXq6Wx   Senior M&E Consulting Engineer - https://lnkd.in/ez8G6hn2   Architect – https://lnkd.in/g7bfyRiB   Assistant Accountant - https://lnkd.in/ehQ-JE-3   Valuations Graduate Surveyor – https://lnkd.in/gPhUYnfn