Wednesday February 26, 2020

Value of KPMG consortium warehouse falls by €20m

Property investors who paid €127 million for a Tesco distribution centre in Dublin in 2007 have seen €20 million wiped off the value of the property.

25th June, 2011

Property investors who paid €127 million for a Tesco distribution centre in Dublin in 2007 have seen €20 million wiped off the value of the property.

A consortium assembled by accountancy firm KPMG bought the Tesco warehouse in Donabate in north Dublin at the height of the boom, following a competitive bidding process.

The centre, which has 18 acres of indoor space, is leased back to Tesco on a 25year deal, with inflation linked rent that...

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