Commercial Property briefs: City Square sold for €21m
Sandyford retail unit guiding €550,000
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!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine