Santry apartments sold for €123.5m by Cosgrave
The 297 units are spread across four buildings, including eight penthouse apartments with three bedrooms each
Developer Cosgrave Property Group has completed a major forward sale of 297 apartments at Blackwood Square in the Northwood apartment scheme in Santry in Dublin 9 for €123.5 million.
The purchaser is a joint venture between Round Hill Capital and QuadReal Property Group. Agent Hooke & MacDonald handled the sale on behalf of Cosgrave.
Construction is due to commence later this month. The forward purchase price represents a gross yield in the region of 5.45 per cent.
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