Friends First sells three commercial properties following markdown of fund values
Aviva claims sales are not due to liquidity concerns, but represent ‘business-as-usual’ transactions
Friends First Irish Commercial property fund is in the process of selling three commercial properties. Among them is the Bank of Ireland premises in Balbriggan, Co Dublin, whose sale is due to complete shortly. When it launched on the market last May, agent Savills quoted €6.65 million for the building at 24/26 Dublin Street. It comprises a 677 square metre modern building that is producing a total annual rent of €432,456.
A fund spokesperson said its guide...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Crèche and convenience store agree leases at Clancy Quay
Safari Childcare and EuroSpar will take up 20-year leases in the development in Dublin 8
Rent rises outside Dublin boosted gross yields to double-digit levels in 2020
Lowest regional yields on one-bedroom apartments are 9.3 per cent in Galway city and Co Waterford, with the highest 12.6 per cent in Co Roscommon
Galway estate agent holds its first online auction of 2021
O’Donnellan & Joyce’s upcoming sale is led by a pair of four-bedroom houses
New boutique aparthotel’s location is steeped in Dublin’s Georgian history
The site, just off Marlborough Street, once witnessed a scandalous and fatal duel in 1761