DUBLIN, IRELAND—The National Asset Management Agency, and an Irish real Eestate firm are asking $221 million (€160M) for three office blocks and a row of shops and apartments in the Dublin 2 area.
According to a report in the Irish Times, investors will also have the option to bid for individual assets in the Redwood portfolio, according to joint selling agents Adrian Truick of Knight Frank and Fergus O'Farrell of Savills. With the various buildings extending to 30,300 square meters, an annual revenue of around $11 million (€8M) and a weighted average unexpired lease term of 10.7 years, the sale will be of particular interest to German and American investment companies as well as to two Irish pension funds, IPUT and Irish Life.
Drawing the most interest will be the prestigious office building at 2 Grand Canal Square, which has a guide price of $111 million (€80 million). The eight-story over basement block designed by Daniel Liberskind overlooks Grand Canal Square and has an overall floor area of 14,000 square meters.
Click Irish Times to read the full story.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
