Commercial Property briefs: City Square sold for €21m

Sandyford retail unit guiding €550,000

31st January, 2016
6
City Square on Marlborough Street, Dublin 1

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!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say