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Ireland set for strongest real estate investment year since 2022
Commercial property investment exceeded €2B in the first nine months of 2026, and Savills expects about €3B for the full year.
Ireland is on track for its strongest commercial real estate investment year since 2022, with adviser Savills pointing to a pipeline of roughly €3B for 2026 as activity continues into the final quarter.
Savills said investment in Irish commercial property topped €2B in the first nine months of 2026, with €649M invested across 20 deals in the third quarter. That was 6.5% lower than the same quarter last year, but average deal size rose to €32M, up 60% from €20M in Q3 2025, as larger transactions drove the shift.
The largest third-quarter deal was Quantum Immobilien’s €180M acquisition of the Quayside Quarter, a 268 unit residential scheme in Dublin’s North Docklands, from Greystar. BNY Mellon funded the second-largest transaction, paying €160M to Marlet for The Shipping Office in Dublin 2, where BNY Mellon already occupies a large portion of the recently completed South Docks office building.
Logistics drew additional capital, with Realty Income buying a portfolio of industrial assets, according to Bisnow. Savills also said it expects the market to remain active through the remainder of the year.