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Shop deals up

ALMOST €450m of commercial property deals are in the pipeline, indicating that the market is showing signs of recovery.

Ireland is one of the strongest recovering territories according to a survey carried out by consultancy firm CB Richard Ellis (CBRE).

In its most-recent update on the Irish market CBRE reported that €103m was invested in the commercial market during the first six months of 2010, compared with €92m for the whole of 2009. The report shows that investment turnover across Europe as a whole reached €23.5bn in the second quarter of the year.