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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