Ahouvi bags Abington Wood for €6.2 million

TWM has acquired a prime multi-family investment at Abington Wood, Malahide in north Dublin on behalf of Israeli investor, Igal Ahouvi for €6.2 million.

The investment comprises 22 two-bed apartments, with a ground floor creche of 464.5 square metres let on a long lease. The total income is €430,000 per year and the property extends to about 2,137 square metres.

The deal, completed last week, reflects an overall yield of 6.6 per cent with ...