International investors in Dublin’s commercial real estate market remain enthusiastic about the city’s fundamentals but are being put off by the unwillingness of sellers to drop prices to realistic levels.
That is the view put forward by Miles Skinner, Union Investment Real Estate head of investment management in the UK and Ireland, at Bisnow’s the Future of Office in Ireland: Weathering the Storm event at the Alex Hotel in Dublin on 27 September. 
“It’s incredibly tough to get deals over the line,” Skinner said, citing pricing as the major block to transactions.
Union has been one of the largest international investors in Dublin over the past five years.