Dublin 'third in world for opportunity'
Dublin is ranked the world’s third-best office and retail investment opportunity by global real estate investment group Hines.
Office and retail property investments in Dublin still offer significant upside, despite having already recovered value in recent years, says Hines Real Estate Ireland’s senior managing director, Brian Moran.
“We track 122 cities globally and Dublin would be in the top three for attractive investments,” Mr Moran said. “It’s not as liquid as New York or Paris, but for attractiveness, it is number three.”
Its findings contradict some other commercial property experts, which warned that the Dublin market was overheating. Office rents for top areas of Dublin have grown by over 50% in two years.
Hines is behind plans for a brand new town in Cherrywood, on the outskirts of Dublin city, and the expansion of Liffey Valley Shopping Centre, which it part-owns.