Office Space Demand Surges in Greater London and South East UK

The demand for office spaces in Greater London and the South East jumped by 38% in 2024. Over 2.1 million square feet of office space has been let so far, fuelled by renewed post-pandemic business activity. This trend highlights a strong market recovery, with technology and financial sectors leading the uptake.

Irish Investment Market Poised for Recovery

Ireland’s real estate investment market is set for a revival in 2024, following a challenging 2023 with a trade volume of €1.85 billion — the lowest since 2013. Stabilizing interest rates and higher disposable incomes are expected to boost activity, with industrial and logistics sectors remaining attractive.

£115M Redevelopment in London’s Financial District

Castleforge secured a £115 million loan to redevelop 1 Golden Lane in the Square Mile. The project will add three new stories and modern amenities, including 7,000 square feet of terraces and 4,000 square feet of communal workspaces, marking a shift toward adaptable and community-oriented office designs.

Largest Transaction in Dublin’s Logistics Sector

Mountpark Baldonnell Phase II was sold for €225 million, making it the largest deal in Ireland’s logistics sector in 2023. This trend reflects the growing demand for logistics hubs, driven by e-commerce and supply chain realignments.

Revived Urban Planning in Bath, UK

Plans were unveiled for a 450-home mixed-use scheme in Bath, developed by HUB and Bridges Fund Management. The project will include build-to-rent and co-living spaces, emphasizing affordability and shared amenities.

Key Investment in Dublin’s Green Building Movement

Dublin continues to lead in sustainable developments, with increasing capital directed toward energy-efficient building projects. Investors are prioritizing projects that align with ESG (Environmental, Social, Governance) goals, signalling a shift in Irish market priorities.