Two of the biggest property funds in the State have been hit with significant withdrawals of funds in recent months, The Irish Times has learned. A spokesman for the company said its view for Irish property in 2020 “remains positive” and that “we remain positive about the long-term growth potential of the commercial property market in Ireland”. Similarly, some investors may be tempted to put money into listed Irish property investors, which are currently trading at a discount. Irish Life and Aviva reiterated their belief that Irish commercial property was a good long-term investment last night. Suzie Nolan, senior property fund manager with Aviva, said its view was “that the fundamentals of the Irish commercial property market remain strong”.

Source: The Irish Times January 31, 2020 04:30 UTC