Commercial Property

Iroko Zen snaps up Westland House office block for just under €5m

French investor’s agent expressed delight with purchase of high yielding, fully refurbished suburban office investment, fully let on an 18-year lease

Block A at Westland House in Dublin 12, which is fully let to telecoms equipment company, Virtual Access and sold for €4,970,840, reflecting a capital value of €195 per square foot

French investor, Iroko Zen has completed another acquisition in the Irish investment market, recently closing the sale of Block A at Westland House in Dublin 12, which is fully let to telecoms equipment company, Virtual Access (Ireland) Limited.

Westland House is a three storey office block, extending to about 2,367 square metres (gross internal area), with 70 car parking spaces. The office accommodation is laid out to provide a mix of open plan and cellular ...