CBRE Ireland

New Report | Dublin Industrial & Logistics Q3 2024 CBRE Ireland today released its Dublin Industrial & Logistics Report for Q3 2024, which details how just 30,690 sq m (0.33 million sq ft) of industrial & logistics take-up was recorded in Q3, considerably below the long-term quarterly average for the market. Higher interest rates and macroeconomic uncertainty continue to weigh on industrial leasing activity, however the level of demand requirements indicates that there will be a strong rebound in take-up in 2025. Head of Industrial & Logistics at CBRE Ireland, Garrett McClean, commented: “While take-up is down quarter-on-quarter, the key demand drivers for the sector - e-commerce growth and the near-shoring of supply chains - remain in place. Evolving occupier requirements and Ireland’s economic growth will also fuel demand and we expect take-up to bounce back in 2025”. Q3 saw an uptick in industrial investment activity, with over €130m of capital deployed into the sector in the quarter. Both Deka and ICG made their debut acquisitions in the Irish Industrial & Logistics sector. According to Colin Richardson, head of Research at CBRE Ireland: “We expect to see a continued improvement in industrial investment activity in 2025 with further interest rate cuts, improved sentiment in the occupational market, and further rental growth”. Read the full report here: https://lnkd.in/g6Eu9TwA Colin Richardson | Emer Geissel | Niall Little Garrett McClean | Stephen Mellon | Aaron Robinson | Lauren Reilly 

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

We’re excited to share that five brave members of the CBRE Ireland team are gearing up to run the Irish Life Dublin Marathon this Sunday, in support of our charity partner, Barnardos Ireland! 🏃♂️   All donations over €10 will be entered into a raffle for some fantastic prizes. Your support will directly contribute to the incredible work that Barnardos Finglas FRC does for children and families.   If you’d like to make a difference and join us in this effort, please donate via the link below.   Donate here: https://lnkd.in/e7JG3Vqd   Nicky Craven | Craig Peadon | Gavin O'Dwyer | Michael Gibbs | Sean Fitzpatrick

The CBRE Hotels team are delighted to announce the sale of the Slieve Russell Hotel, Golf & Country Club to Brady Hotels Ireland Limited.   The 224-bedroom hotel, on 121ha/300 acres, includes extensive conference, banqueting and leisure facilities together with a renowned PGA Championship golf course.   The deal team included Paul Collins, Dave Murray, John Hughes, Alexandra Sheeran, and Leah Monaghan, supported by the CBRE Building Consultancy team Anthony Glackin and Michael Doherty. Congratulations to all involved.

The CBRE Ireland team had a fantastic afternoon attending the Technological University Dublin Graduate Property Fair last Friday.   Applications for our 2025 Graduate Programme close this Friday, 18th of October. Don’t miss out!   Apply Here - https://lnkd.in/ehnf5vKV

Ireland’s new planning reforms, as outlined in the Planning and Development Bill 2023, which passed in the Dáil last week, and the ongoing First Revision to the National Planning Framework (revised NPF), are critical steps towards addressing the country’s housing and infrastructure crises.   These reforms offer a significant opportunity to reshape the country’s development landscape. With bold policies and a stronger legal framework, the nation has a chance to unlock land, integrate infrastructure, and drive innovation.   So will Ireland’s new planning reform overcome old obstacles? In this article, CBRE's León Murray shares his thoughts in his latest piece in The Irish Times today.   Read the full article here - https://lnkd.in/eKuS7BV2

Building N1, Central Park, Dublin The next generation of Grade A Offices at Central Park, located in one of Dublin’s most prestigious offices and residential campuses. This state-of-the-art building offers occupiers the opportunity to work within a highly sustainable environment whilst being situated within Ireland’s most accessible office campus. Available for immediate occupation, offering a total of 207,942 Sq.ft.   For further information please contact Alan Moran, Robert Mulcair or our joint agents Jim O'Reilly and Tom McNamara. Henderson Park Capital Partners #Offices #ToLet #GradeA #PrimeOffices #SouthDublin #LEEDGold #NZEB

Reduce your upstream waste and maximise recycling across all aspects of the workplace. Our global Zero Waste program helps set you on the path to decarbonisation in real terms. http://spr.ly/6042q3xHu #CBRESustainability

Ireland Investing & Funding | Q3 2024 This week we released our latest report covering the Investment & Funding sector for Q3 2024. Our research confirms that almost €600 million was invested into Irish commercial property in the last quarter, bringing total investment volumes for the year-to-date to €1.3bn. According to head of research at CBRE Ireland, Colin Richardson, “There is a notable uptick in transactional activity in the Irish investment market, driven partly by the downward trajectory of  interest rates and thus the wider spread between CRE yields and the cost of debt. There are a number of large-scale transactions ongoingat present which, should they close in the next three months, will push full-year investment volumes to above the level of 2023 spend”. Full article can be found via RTE: https://lnkd.in/ejFpF4Ht Colin Richardson | Emer Geissel | Niall Little | Kyle Rothwell | Dessie Kilkenny | Shane Cahir | Christian Judd | Peter Keegan Pictured below: Primeline Units at Ashbourne Business Park, Acquired by Deka in Q3