Dublin office blocks in deals valued at €76 million

Equity fund inks contracts in Sandyford and Stillorgan

5th May, 2016
Office blocks driving value Pic: Getty

The company said that it has completed deals for buildings in Sandyford, Dublin 2 and Stillorgan, as well as in Manchester.

In a note which recommended the stock highly to investors this morning, Merrion Stockbrokers said that the Sandyford deal “looks like another exceptional deal by Kennedy Wilson Europe based on capital value and target yield”.

The office block is 68 per cent occupied, with the US fund projecting a yield of seven per...

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