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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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Offices Fall Behind Retail and Industrial Sectors in Q1

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.

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Office and retail rents in Dublin to rise by 12%

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.

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DAA business park acquires ESB International as early tenant

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.

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ESB gets green light for new €150m Dublin HQ

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.

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DCC gives go-ahead for multi-million euro docklands development

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.

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DAA begins €10m office development at Dublin airport

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.

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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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IFSC office block sells for €37.85m

Ardstone Capital, the private investment manager, and CBRE Global Investment Partners, have bought 2 Harbourmaster Place for €37.85 million in a deal that will show a net initial yield of 5.4 per cent.

Ardstone was advised by the Bannon agency while JLL acted for Irish Life