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News Release

Dublin

2013 year-end investment volumes will hit €1.5bn, and may exceed this by up to 20% in 2014


The investment market continues to perform strongly with high levels of investment activity, increasing supply and growing investor interest creating real depth in the market. Total investment volumes in the year-to-date now stand at €1.06bn which is 91% higher than total volumes for the whole of 2012 (€557m).

Q3 investment volumes totalled €452m which is the highest quarterly total since Q3 2007. There were 27 transactions in the quarter, which has pushed year-to-date totals to 79 and is similar levels to the peak in 2005-2007.

Hannah Dwyer, Head of Research said that “the investment market has had a very busy quarter which has built on the strength we have seen in the sector in the last 12 months. The supply of assets coming onto the market has already started to pick up pace, and this is expected to continue into Q4 2013 with approximately €550m of investment supply likely to come onto the market, and further strong supply expected in 2014.  This will be through direct asset sales and loan sales, with some large financial institutions deleveraging portfolios such as NAMA, IBRC, AIB, Ulster Bank and Lloyds. Year-end volumes are therefore expected to hit €1.5bn and if 2014 continues the momentum we have seen this year, we may see total volumes exceed 2013 by up to 20% to reach approximately €1.8bn.”

John Moran, Managing Director and Director of Investments stated that “Current strength of the investment market which is dominated by overseas investors creates a strong platform to assist the banks in their deleveraging process. We are starting to see a surge in domestic participation, with local institutions such as IPUT and Irish Life becoming very active”.