40 Molesworth Street in Dublin, the most significant prime office asset sale of the year, was purchased by Deka in the second quarter. The year was marked by a recovery in commercial real estate investment, with the market improving from mid-year. Prospects for 2025 appear positive with expectations of improving conditions and results each quarter.
40 Molesworth Street in Dublin was the most significant prime office asset sale of the year, purchased by Deka in the second quarter for a net initial yield of approximately 5.17 per cent.While 2024 was a year of two halves, prospects are positive for 2025. It is likely that the bottom of the market was reached this year, and we will see improving conditions and results each quarter from here on.
In 2024, retail emerged as the most invested asset class, a significant turnaround for the sector last popular with investors in 2016.Retail: prime shopping streets to remain in demand due to strong yieldsThe office sector has become bifurcated, with significant demand but very limited supply of core offices during the year.
The industrial, or “sheds” sector, had been a strong performer in the years post-Covid and Brexit; however, 2024 saw a reduction in investment activity due to significantly fewer opportunities, rather than any diminution in appetite from investors. Prime yields in the industrial sector are now about 5 per cent and arguably trending stronger.
Dublin Real Estate Office Sale Deka Investment Market Interest Rates Commercial Real Estate
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