Deutsche Bank pays €145m for €400m Project Spring portfolio
Project Spring includes loans secured on several prominent buildings in Dublin city, including several attractive redevelopment opportunities. It includes loans attached to an office block on Wilton Terrace near Leeson Street bridge, the Central Hotel on Exchequer Street, the Newhall Retail Park in Kildare, prime London city offices, and a development site near Britta’s Bay in Wicklow. Project Spring’s annual rent is circa €8m.
Ulster Bank’s €1.1 billion sell-off
Loans tied to Independent News & Media’s headquarters, upmarket homes in Belfast and Dublin, and properties backed by developer, Paddy McKillen feature in a €1.1 billion debt portfolio that Ulster Bank and its parent have just put up for sale. Dubbed “project Achill” it will be the biggest portfolio of loans that Ulster and its […]
Hibernia Reit acquires two IFSC properties for €90.75m
Hibernia REIT plc (Hibernia) has acquired Guild House and Commerzbank House in Dublin’s IFSC for €90.75m in cash from a syndicate of private investors in an off-market transaction. The price reflects a capital value of €629 per sq. ft. and a net initial yield of 6.6%.
Pizza Express sells to Chinese firm for £900m
The Pizza Express restaurant chain, which owns Milano in Ireland, has been sold to Chinese firm Hony Capital for £900 million.
Unit A, Crag Crescent, Clondalkin Industrial Estate, Dublin 22
Available to purchase end of terrace industrial unit for sale in Crag Crescent, Clondalkin Industrial Estate, Clondalkin, Dublin 22. Two storey offices to front, approx. 288 sq m (3,100 sq ft) plus mezzanine. Car parking for approximately 12 cars to the front and side.
ESB HQ lodge planning application for Fitzwilliam Project
ESB plans to demolish and redevelop its Fitzwilliam Street headquarters at a cost of about €150 million. Their vision is to deliver a successful new office redevelopment, in keeping with its 18th century surroundings and to provide modern, efficient, sustainable accommodation to more people.
