Bloomberg News

NAMA, Banks to Lead Irish Sales in 2012, CB Richard Ellis Says

January 09, 2012

Jan. 9 (Bloomberg) -- Irish commercial real-estate sales will increase in 2012, as banks, receivers and the National Asset Management Agency release more properties to the market, according to CB Richard Ellis Group Inc.

Irish commercial property prices have fallen as much as 65 percent from peak levels, CB Richard Ellis said in its Irish commercial property outlook for this year, published today. While rents for prime buildings will stabilize this year, rents for secondary properties will decline in an oversupplied market, it said.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net


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