The Weekly Wrap
🌟Investment News
Irish Retail Warehouses Acquired in Single Transaction
Investment manager Investcorp has made a significant move in the Irish market by acquiring two retail warehouses. The properties, Letterkenny Retail Park in Letterkenny and Deerpark Retail Park in Killarney, were purchased in a single transaction. CBRE advised Davidson Kempner Capital Management on this deal, highlighting the strength of the Irish real estate sector.
Full story in Green Street News: Europe: https://lnkd.in/gsYpjCQi
🏢 Bolands Mills:
Historic Landmark Welcomes First Lettings
The historic landmark, now a mixed-use destination made possible by Google, has announced its first lettings.
Full article in The Irish Times: https://lnkd.in/egNPnebH
🌟 New to the Market
The Fumbally Estate: Prime Opportunity in Dublin 8
CBRE has been appointed as the sole selling agent for The Fumbally Estate in Dublin 8. This outstanding opportunity appeals to both value-add and income investors. The portfolio of assets is located in central Dublin’s progressive areas, offering strong potential for growth.
Full details via The Irish Times: https://lnkd.in/efCZa-Hh
📊 Research:
No move in interest rates for July – ECB kept its rate at 3.75%
Yesterday CBRE Ireland released its Q2 Dublin Office Market Report
The reports reveals a near five-fold rebound in take-up. Stripe’s relocation and expansion in Europe played a significant role, with an assignment at One Wilton Park. The report indicates growing certainty around incoming tenants’ real estate strategies in the Dublin office market. Read the full report
Read the full report here: https://lnkd.in/eGXJ-WfH
🎨 Culture - 2024 Business to Arts Awards Shortlist Announced
CBRE Ireland proudly sponsors the Major Arts Partnership Award. Check out the full shortlist for this year’s Business to Arts Awards: View here
Full shortlist: https://lnkd.in/egcGf5AD
🌍 World News: Resetting Partnerships and Leadership Elections
The Taoiseach and Prime Minister met, confirming the right time to reset the partnership between Ireland and the United Kingdom.
Ursula von der Leyen has been elected for another term as President of the EU Commission.
An attempted assassination on the former US President has shaken global headlines.
The Kings Speech
Israel’s relentless assault on Gaza continues sparking further global protests and raising concerns about a humanitarian crisis.
CBRE Ireland Kyle Rothwell Dessie Kilkenny Bernadine Hogan Sam de Burca Colin Richardson Emer Geissel Zach Maguire Business to Arts