Leading players in market set for conference
WHERE does the commercial property market go from here?
Few would argue that the market, especially in the prime areas of Dublin, is now in recovery but questions remain as to what happens now.
Can the recovery be sustained outside the capital?
What can be done with commercial properties that are now the wrong type of building in the wrong part of the country and, as a result, have been left vacant and are unlikely to attract any major tenants in the near future?
These issues are just some of the questions that will be debated at a commercial property conference to be held later this month.
The conference, which will take place in a fortnight on March 27 at the Doubletree by Hilton Hotel on Burlington Road, will be the first summit of its type since the property crash and is a sign of the need to debate the new issues in the sector.
The conference will feature some of the biggest players in the commercial property market in this country.
As well as looking at the sustainability in the recovery in market and spike in deal activity, topics up for discussion will include the influx of overseas investors to Ireland in the last few years and whether that is structural change in the industry here, or whether this is a short-term event that will be followed by a reversion back to the status quo before the crash, when most of the big players in the market here were Irish.
Chaired by broadcaster Pat Kenny, the event will have contributions from "leading business and government representatives and will be an opportunity for all stakeholders to discuss the critical industry issues and debate how the industry can establish a viable market and move forward".
Among those expected to attend are agencies, the banks, fund managers, professional advisory firms, international investors, developers and government with an estimated 800 industry professionals expected to be present.
Core Consulting director Eunan O'Carroll, who is hosting the conference, hopes the summit will "present an opportunity for the property sector to come together and discuss the realities of the current market dynamic, we applaud them for doing so, as a healthy commercial property sector is critical for Ireland's continuing recovery".
Full details of the conference can be found at coreconsulting.ie/ beyondthebubble/ register.html.