DAA begins €10m office development at Dublin airport
Dublin Airport Authority is to spend an estimated €10 million on the redevelopment of the former Aer Lingus head office at the airport. The six-storey over basement building with a floor area of 8,300 sq.m (89,400 sq.ft) will in future be known as One, Dublin Airport Central.
Starwood acquires Lone Star’s Dublin office pool for €350m
Starwood Property Trust has acquired a portfolio of stabilised offices in Dublin from Lone Star for €350m, in the firm’s first equity investment in Ireland and also the first by a major US REIT in Dublin, reflecting a net initial yield of circa 5.6%.
Ireland named top location for US Foreign Direct Investment
A report, commissioned by the American Chamber of Commerce Ireland, reveals that US firms have invested more than $277 billion here since 1990. In addition, the 700 US companies based in Ireland now employ 130,000 people.
SW3 expands Dublin portfolio with two new office buildings
London-based SW3 Capital acquires two Dublin offices, the Dublin Business School on Aungier Street for €10m and J5 Plaza in North Park for €5.6m. David Carroll of Bannon handled the negotiations for the vendor.
NAMA appoints Cushman & Wakefield to sell €8.4bn Project Arrow
NAMA has appointed Cushman & Wakefield’s Corporate Finance team to sell the giant €8.4bn Project Arrow non-performing loan (NPL) portfolio, as the Irish bad bank accelerates its remaining wind-down.
Bannon confirms 1st industrial sale of 2015
In one the first industrial transactions of 2015 Bannon has completed the sale of Oakwest House in Western Business Park, Dublin 12. The purchase price of €2.85m equates to just over €50 psf.
