AIBIM takes 50%stake in D4 scheme

AIB Investment Managers (AIBIM) is a 50 per cent shareholder in an office scheme being developed on Burlington Road in Dublin 4.

12th April, 2008

AIB Investment Managers (AIBIM) is a 50 per cent shareholder in an office scheme being developed on Burlington Road in Dublin 4.

The company says the scheme will be worth €350million on completion. It will measure more than 22,000 square metres, and will cost about €90 million to develop, before taxes, fees and the cost of the land are included, according to sources.

AIBIM is developing the property with Coolbrook, the joint venture between Paddy Kelly’s family...

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