DUBLIN, IRELAND—The National Asset ManagementAgency, and an Irish real Eestate firm are asking $221million (€160M) for three office blocks and a row of shops andapartments in the Dublin 2 area.
According to a report in the Irish Times, investorswill also have the option to bid for individual assets in theRedwood portfolio, according to joint selling agents AdrianTruick of Knight Frank and FergusO'Farrell of Savills. With the variousbuildings extending to 30,300 square meters, an annual revenue ofaround $11 million (€8M) and a weighted average unexpired leaseterm of 10.7 years, the sale will be of particular interest toGerman and American investment companies as well as to two Irishpension funds, IPUT and IrishLife.
Drawing the most interest will be the prestigious officebuilding at 2 Grand Canal Square, which has aguide price of $111 million (€80 million). The eight-story overbasement block designed by Daniel Liberskindoverlooks Grand Canal Square and has an overallfloor area of 14,000 square meters.
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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.
