Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}
Building-1-Hero banner Building 1 gabor molnar

Reaction to Budget 2020 by Aidan Gavin, Managing Director, Cushman & Wakefield


Tuesday, October 08, 2019

Cushman & Wakefield welcomed some of the policy changes announced today in Budget 2020.  According to Aidan Gavin, Managing Director, Cushman & Wakefield, “Budget 2020 was a relatively prudent one given the geo-political uncertainty and the risks surrounding a no-deal Brexit, however the increase in stamp duty applicable to commercial property is a clear attempt at broadening the tax base, which has the potential to damage both investor sentiment and therefore capital flows to Ireland.”

The changes in stamp duty comes on the back of the increase in Budget 2018, when stamp duty for commercial property was raised from 2% to 6%, together with changes to the S110 structures in 2016. 

Commenting on the increase in stamp duty, Aidan Gavin, Managing Director, “This increase in stamp duty is clearly the Government snatching low hanging fruit to raise revenue in the short term, however it does have the potential to damage our reputation internationally. Investors look for certainty in terms of Government policy.  If the Government continually change the goalposts it will damage investor sentiment.  The future stability of the commercial property market is dependent on stable capital flows together with strong FDI investment, we need to certainty not constant policy changes. The unintended consequences of this change will be a reduction in value for personal and government backed pensions that are invested in commercial assets”


Office Investment Q1 2020 Report
Surge in reserved space, as office occupier market continues to see improved activity

Latest research from Cushman & Wakefield reveals an interesting quarter for the Dublin office market. Take up in Q2 2021, as expected, continued to struggle with just 19,150 sq m occupied. However, outside of take up, the story of improved demand is best reflected in reserved figures once again, along with a rise in requirements and viewings.


Industrial Warehouse
Industrial and Logistics sector proves itself as one of the most desirable asset classes

Latest research from Cushman & Wakefield reveals investment activity improves, despite the ongoing pandemic and travel restrictions. Turnover levels reached approximately €641.5m across 37 deals in the second quarter of 2021.



Valuation on the part of Belgian REIT Aedifica

The acquisition augments Aedifica’s market share of the Irish market to 417 beds; and follows in quick succession from the groups February purchase of Brídhaven Nursing Home in Mallow.


With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All