Taylor Scott International News
Findlater House, O’Connell Street, Dublin, was sold for €6.1m An extraordinary six-month Irish asset-feeding frenzy by overseas firms has meant that there have been 34 investment transactions of more than €1m each completed here since January compared with a total of 35 for all of 2012. The report also highlights a trickle-down effect in the ongoing investment drive. It asserts that the number of prime property investments on offer has now reduced to the level that buyers eager to cash in on perceived Irish value are now moving down the value chain to look at secondary level opportunities. But investments are spread unevenly with 40pc of the money spent since January going into offices, the strongest commercial sector by far compared to 20pc for mixed investments, just 14pc for a still sluggish retail sector and a measly 1pc for industrial property. It also added that autumn looked like becoming “particularly busy” as investors scramble to avail of the capital gains tax waiver that runs out on December 31. Taylor Scott International
Taylor Scott International, Taylor Scott
