Ardstone Capital has sold the last of its Dublin office investments amid increasing speculation that office values in the city may have peaked. In its most recent sale, Ardstone settled on a profit of about €3 million for Block P2 in Eastpoint Business Park. This was sold to Avestus Capital Partners and Ares Management for […]
Property investment group Hibernia Reit has acquired three office buildings close to Lower Mount Street in Dublin 2 for €51m.
Following stellar growth over the past two years associated with a strongly improving economy and shortage of office space in prime locations, offices are now the weakest performing asset sector.
Prime office and retail rents in Dublin are to rise by about 12% in 2016, according to a new commercial property outlook from the Society of Chartered Surveyors Ireland.
The Dublin Airport Authority (DAA) has had early success with its new business park beside the airport with the completion of legal contracts to lease the former Aer Lingus headquarters to ESB International.
THE ESB has been given the green light for its new €150m headquarters in Dublin. The new building will be almost 50,000 sq.m, including 36,917 sq.m of office space.
The first of the fast-track developments planned for Dublin’s docklands has been given the go ahead by the city council. The planning permission for the site on Sir John Rogerson’s Quay will involve 58 apartments and 9,000 square metres of office space.
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 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%.
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.
