City Square, the seven-storey over basement office building at 61-64 Marlborough Street in Dublin 1, has been sold for about €21 million, some €3 million above the guide price quoted by joint agents Finnegan Menton and DTZ Sherry FitzGerald.
It has not been confirmed who the purchaser is, but it is understood to be an Irish general insurance company.
The net initial yield to the new purchaser will be in the region of about 5.9 per cent.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€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