, ,

Grafton Street’s ‘Bus Stop’ sells for almost €3.4m

Signature Capital, the Irish-German real estate investment company, has bought the Bus Stop newsagents shop at 6 Grafton Street in Dublin 2 for almost €3.5 million. The investment will show an initial yield of 6.5 per cent.

Signature Capital’s decision to buy the Grafton Street investment comes just after it agreed to sell the Neumarkt Galerie shopping centre in Cologne to the German bank savings fund manager Deka for €295 million having bought the 37,000sq m centre out of insolvency for €137 million in 2011.

David Carroll and Rod Nowlan of Bannon Investment Department were the agents for this property.

Related previous article