Commercial Property
Distress signals from the office market
The seizure of the €100m Beckett Building in Dublin’s East Wall by receivers is seen by many as ‘the canary in the coalmine’ for the commercial property sector
In May 2018, the Comer Group sold the Beckett Building in Dublin’s East Wall for more than €100 million in one of the standout deals of the Irish commercial property market that year.
This was a classic play by the group, which is owned by Galway brothers Luke and Brian Comer. Having snapped it up for just €5 million back in 2013, they booked a massive profit on the 190,000 square foot property when they ...