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One-third of all Dublin office space changed hands in the last 4 Years

A new report from Savills on Ireland's property investment market has revealed that over 1.1 million square metres (sq m) of modern office space has traded in Dublin since the beginning of 2013 – equivalent to one-third of Dublin's entire office stock. In the Central Business District the figure is even higher – staggering 42% of office space has changed ownership in the last four years. Over the 2013 to 2016 period, the aggregate value of office investment transactions in Dublin amounted to almost €6.3bn.Dr. John McCartney, Director of Research at Savills Ireland commented: „Given the nature of our economy, which is increasingly based on technology and business services, office space is a critical factor of production. During the...[…]