Real estate services company Savills is reporting that larger deals are returning to the Irish market.
Investment in Irish commercial property exceeded €2 billion in the first nine months of 2026, according to the property advisory company.
A total of €649 million was invested during the third quarter with the average deal size rising to €32m.
Despite this figure being 6.5% lower than the same period last year, the firm said there was a marked increase in the size of transactions completing, up from an average €20m in 2025.
Kevin McMahon, Director of Investments at Savills Ireland, said: “The most significant feature of the market this year has been the return of larger transactions. We have now passed €2 billion for the first nine months of the year, but just as importantly, the average deal size increased by 60% in the third quarter.
“There is clearly capital available for good Irish assets, and we are seeing that across all sectors rather than in one part of the market alone. The level of international activity is also encouraging.
Savills expects activity to remain strong during the final quarter, with the current pipeline pointing to approximately €3 billion of investment for the full year.
Today’s figures show the largest transaction of Q3 was the €180 million acquisition of Quayside Quarter in Dublin’s North Docklands by Quantum Immobilien from Greystar.
The 268-unit residential scheme represents Quantum Immobilien’s first investment in Ireland.
Residential was the largest sector during the quarter, accounting for 39% of total investment, followed by offices at 29% and logistics at 25%.
Retail represented 6% of activity, with mixed-use assets accounting for the remaining 1%.
Institutional capital continued to dominate the market, accounting for 63% of purchases and four of the five largest transactions during the quarter.
Savills noted that US investors were particularly active, accounting for 47% of investment volumes – their highest quarterly share since Q2 2016. European investors represented a further 39%.
