Tuesday October 20, 2020

Sale of BoI HQ to net about €200m

The sale of Bank of Ireland headquarters on Baggot Street in Dublin 4is expected to raise at least €200 million for the bank’s pension fund, Salix.

17th June, 2006

Tenders for the sale of the building, which had a guide price of €150 million, closed last week.

A number of property developers have formed consortiums in an attempt to buy the building.

A purchase price of €200 million would represent a yield of less than 3 per cent. But bidders are expected to be willing to pay that because the building is let to the bank at a rent that is about 25 per...

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