Saturday April 4, 2020

Developer Hines to sell Dublin city-centre block for €180 million

Hines sold the Dublin city-centre office block to Australian investor Macquarie for €180m

8th March, 2020
Bishop’s Square: Hines acquired the block for €92.5m in 2015

Hines has almost doubled its money on the disposal of a city-centre office block near Dublin’s St Stephen’s Green.

The US developer and investor has agreed sale of Bishop’s Square on Kevin Street in Dublin 2 for in the region of €180 million, to Australian investor Macquarie Group and German fund Patrizia.

Hines acquired the block for €92.5 million in 2015 as the economy had turned the corner but prices...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The impact of the Covid-19 crisis on retailers will depend largely on how long the virus remains with us, and on the sub-sectors in which they trade

Stephen Murray | 5 days ago

New application exposes Ternary Limited to further objections

Killian Woods | 5 days ago

Operator of the outlet centre had filed appeal with An Bord Pleanála over ‘unit 104’ row, but have since withdrawn it

Killian Woods | 5 days ago