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.
Davy H1 Irish Real Estate Report
During the first half of the year the investment in Ireland’s commercial real estate (CRE) market has totalled €1.8bn year-to-date, Dublin’s office market accounted for 70% of all capital invested in Ireland in H1 2014 and the changing risk premium for Dublin offices has enticed investor groups into the market for the first time, notably UK open-ended fund Knight Frank Investment Managers.
