Commercial properties worth over €735m sold so far in 2016

The largest transaction was the Whitewater Shopping Centre in Kildare

Commercial properties, Ireland, CBRE, transactions, Whitewater Shopping Centre

File photo | RollingNews.ie

New figures show a total of 55 commercial properties were sold in Ireland in the first three months of the year.

Property consultants CBRE Ireland say the properties have a value totalling more than €735m between them.

According to CBRE Ireland, demand for prime commercial property investments has continued "unabated" in the first quarter of 2016.

It says there were three transactions of more than €50m in the first quarter of the year, six transactions of between €20m and €50m and three transactions of between €10m and €20m.

Sandra Walsh, associate director in the capital markets division at CBRE Ireland, said: "There were 43 transactions extending to between €1m and €10m completed in the Irish market in Q1 2016, which demonstrates the appetite for smaller lot sizes".

The largest transaction in the period was the Whitewater Shopping Centre in Newbridge, Co Kildare, which traded for around €180m.