Ireland’s commercial property market recorded a strong first half of 2025, with €932 million in total transaction volume — a 39% increase over the same period in 2024. This growth occurred despite a notable slowdown in Q2, when deal activity dropped more than 25% year-on-year to €378 million.
Economic uncertainty linked to U.S. President Donald Trump’s changing tariff policies has raised investor caution heading into the second half, with some deals potentially delayed, according to BisNow.
Retail assets dominated deal volume in the first half, totaling €437 million, boosted by Realty Income’s €123.5 million acquisition of the Trinity Collection retail parks. Office sales followed at €270 million, while hospitality assets accounted for €86 million.
Major Q2 transactions included Kennedy Wilson’s sales of 20 Kildare Street (€70 million) and 10 Hanover Quay (€68.6 million), and Corum’s €42 million purchase of the Infinity Building. The €19 million sale of 65-66 Grafton Street also featured among the top five.
Office properties made up nearly half of Q2 transactions, with retail close behind at 43%. Logistics assets comprised just 6%.
Looking ahead, investor attention is turning to key distressed opportunities, including Camden Yard, which is being marketed for around €90 million. The troubled mixed-use site, under receivership since December, has drawn interest from multiple bidders as legal and financial complications continue to unfold.
