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Hibernia buys three office blocks in Dublin for €51m

Property investment group Hibernia Reit has acquired three office buildings close to Lower Mount Street in Dublin 2 for €51m.

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Irish investor buys Navan shopping centre for €4.1m

The off-beat Beechmount shopping centre in Navan has been sold to an Irish investor for €4.1m in a deal that will show an immediate income yield of 10%.

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Irish Life acquires Limerick’s top performing retail park

Irish Life outbids Euromillions winner Ms Dolores McNamara to acquire Limerick’s top performing retail park, Childers Road Retail Park.

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Cashel centre makes over €6m

Davy Real Estate has bought a modern shopping centre and adjoining petrol filling station in Cashel, Co Tipperary, for one of its property funds.

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Kinsealy enclave of 10 shops and office units sold

Kelly Walsh and Bannon handled the sale of St Olave’s Neighbourhood Centre which is producing a rental income of €221,000 with potential to increase it to €270,000.

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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%.

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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.

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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.

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RBS acquires Project Aran for €1.38 billion

Royal Bank of Scotland Group, Ulster Bank’s parent company, has announced this morning that Cerberus has paid €1.38bn for the Project Aran, comprising of approximately 1,300 borrower groups, over 6,200 loans with around 5,400 properties, which had an unpaid loan balance of €5.6bn and gross liabilities of €6bn.

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REIT secures €150m to expand property portfolio

The Irish Residential Properties (I-RES) REIT has agreed a deal with the Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) that will provide it with an additional €150m in acquisition funding which is to be used for expanding its portfolio of high-quality properties.