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Ireland - Snapshot November 2020

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A brief overview of the Irish economy with Colliers International’s outlook for each property sector, including insights and forecasts for the future

On the global stage, Ireland has recently had a few privileged appointments to key positions within the EU.  With the UK stepping out, the US needs to have a new conduit into the senior levels of the EU to make their positions clear. Ireland is perfectly placed for this particularly in light of Joe Biden’s election success. The US should be a supporter of the Irish tax position (and in that regard a “super sub” with UK leaving the pitch) and hence an ex-EU ally in that ongoing battle. Bottom line, in the absence of the UK, the Irish EU position should be strengthened beyond it perceived size.

The main Irish market sub-sectors are varied, with retail unsurprisingly feeling the brunt. However Capital Markets are solid, with a continuing weight of global capital still attracted to Ireland - key focus on PRS, Social Housing, Logistics and, bucking the “office environment has changed forever” mantra from some quarters, Offices.


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Ireland - Snapshot November 2020

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Related Experts

Declan Stone

Managing Director | Retail & Capital Markets

Dublin

Declan joined Jackson Stops (now Colliers International, Dublin) in 1991 and was appointed Managing Director in 2005. He is recognised as a senior industry figure in the Irish market with expertise and in-depth experience representing major corporate clients, project and development assembly (greenfield to finished product), major investment transactions and international retailer representation.

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Paul Finucane

Director Business Space

Dublin

Paul  has over 19 years in years experience in the commercial property sector and joined the Colliers team in  2004 folllowing a 3 year period at Allied Irish Bank Plc. He is joint head of the offices department in Dublin  and specialises in the acquisition of office space for incoming  multi-national companies. 

In 2019, Paul acted for LinkedIn in the largest office transaction of the year where they pre-let 3 office blocks in the CBD as part of their long term expansion plans in Dublin. This success has continued into 2020 where Paul acted for Slack in the largest city centre acquiistion year to date on behalf of Slack Technologies. 

Paul is a licensed professional and a full member of the Society of Chartered Surveyors Ireland (SCSI) and Royal Institute of Chartered Surveyors (RICS)

 

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Nick Coveney

Director Business Space

Dublin

 

Nick joined Colliers Jackson Stops in 1995 (now Colliers International) and was appointed as An industry specialist in the Office, Industrial and Development sectors.
Has acted as key account manager for major corporate clients entering the Irish market. Represents a significant number of International Private Investors active in the marketplace.

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Michele McGarry

Director | Head of Capital Markets

Dublin

Acknowledged Investment marketplace expert with extensive experience in the Irish investment market.

Currently representing a number of domestic & international investors (including Funds, Property Companies & Private Equity Clients) seeking investment & development opportunities from €1M - €500M+.

 

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Emmett Page

Director | Head of Valuation and Advisory Services

Dublin

Emmett is Director and Head of Valuation & Advisory Services in Ireland.

He is responsible for the oversight and development of the Valuation, Lease Advisory, Rating, Compulsory Purchase and  Hotels/Lesiure  functions.

Emmett  joined Colliers International as an Associate Director in 2015, he has previous exerience in a client side Asset Management role with a large NGO with a portfolio of over 250 mixed use assets. He holds in excess of 20 years industry experience across valuations, expert witness, landord and tenant, rent reviews, commercial agency and development. 

 

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