11 / 50
Other/Unknown
Mixed Use
O ce
Industrial
Retail
0
500
1000
1500
2000
2500
3000
3500
4000
Q1 2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
Ireland Investment Market, €m
Source : Cushman &Wakefield Research
In contrast, the retail sector is now
seeing strong investment activity
due to an increase in retailer
enquires together with expansion
programmes and a number of
new retailers entering the market.
Retail investment activity in 2014
was boosted by a number of large
transactions including the sale by
Aviva Investors of a majority stake
in the Liffey Valley shopping centre
in Dublin in an off-market sale for a
sum in excess of €250m.
2015 has witnessed further major
assets disposals coming to market
as NAMA unwind their position,
confident that the market appetite
is there and offering investors the
opportunity to acquire prime retail
assets at substantial discounts
compared to similar markets
throughout Europe.
Over the coming year, we expect
to see more foreign investors being
attracted to Ireland’s retail sector
by the rapidly improving economy,
increasing consumer spend and,
more importantly, liquidity.
The old scenario of retail investment
rarely transacting in Ireland has now
disappeared. The new landlords
of retail assets are seasoned and
predominately overseas investors,
and they will look to acquire and
dispose of assets over the coming
years as their investment criteria
demands. Ireland has defiantly
entered a new stage.
11
Retail Therapy
| 2015
“The Irish retail investment market sawmore than €4.5bn of asset sales and over
€22bn of loan sales transacted in 2014.”
Ireland