Office investment

There is good news for anyone planning to sell a Dublin office block – about €500m will potentially remain in play by the end of the North Docks sales process

Nama and Oaktree Capital set to have investment in Dublin docklands scheme wiped out while senior lender likely to take hit

Portfolio offers buyer secure rental income of €300,000 per annum and asset-management opportunities

Deka Immobilien secures building in face of competition from several other international investors

Building on East Wall Road being offered to the market on behalf of receivers at a 65 per cent discount to 2018 sale price

Block forms part of wider south Dublin residential scheme now largely owned by Kennedy Wilson

Dublin 4 office block came close to being sold for €48m immediately prior to Covid-19 pandemic

Feasibility study suggests 5-9 South Frederick Street could accommodate development of 137-bedroom hotel

No 66 was home to a member of the Merck family dynasty and was owned at one point by former billionaire media mogul Sir Anthony O’Reilly

For the current slump to pass, asset pricing must reflect a range of new and not-so-new realities, including the impact of ESG and shorter lease terms

21-24 Capel Street is fully let to Garda watchdog, and Spar owner BWG group, and is generating over €1.26m in annual rental income

Dún Laoghaire scheme offers potential for the development of 256 waterfront homes, feasibility study says

Guide price for 20 on Hatch is 34% below the €40m valuation ascribed to the property in 2018

Block 2 at Blackrock Business Park producing rental income of €999,999 per annum from strong tenant line-up

3016-3018 Lake Drive offers buyer 8.04% net initial yield with short-term reversionary potential

New owner in line for 9.09% return on investment underpinned by lease to Office of Public Works

14-16 Parkgate Street is occupied by longstanding tenant on new 25-year lease from July 2022

3008 Lake Drive comes with full vacant possession, a B3 Ber rating and a capital value of just €197 per sq ft

Core Capital chief Derek McGrath seeks buyer for terrace of four buildings fully let to serviced-office provider Iconic Offices

40 Molesworth Street is fully occupied and generating €2.175m in annual rental income

Number 43 comes for sale with the benefit of vacant possession and freehold title

World’s largest tech companies mandating three days in office while pipeline of best-in-class space is drying up, JLL research shows

Four-storey building and mews with planning for expansion for sale with vacant possession

Return-to-office mandates from tech and finance giants will have positive impact on market in 2024 and beyond

Sale of 19 Ely Place offers purchaser 6.3% net initial yield and 13 years of secure income from full repairing and insuring lease

Third floor of the Iveagh building extends to nearly 13,000sq ft and comes for sale with 27 car-parking spaces

Landlords are managing to extract a price for increased flexibility and services

Decision by An Bord Pleanála upholds planning permission granted by Dublin City Council in May 2022

Eamon Waters back on the acquisition trail following purchase earlier this year of Victoria’s Secret’s flagship Grafton Street store

Latest research from MSCI shows prices and valuations down 19% from post-financial crisis peak so far

Joint-venture partners obtain long-term investment loan from UK-headquartered lender, following full refurbishment of former Central Bank

Higher interest rates and ESG requirements see Dublin 4 scheme’s capital value fall to below replacement cost level of €170 per square foot

The commercial property market can weather challenges posed by hybrid working and climate change, Cushman & Wakefield report finds

Three office suites at Apex Business Centre extend to 753.8sq m with 15 parking spaces

Tech sector slowdown and remote working will push Dublin’s office vacancy rate to about 15.5% later this year

Building at Parkmore East Business and Technology Park generating €470,000 annually from strong tenant

Standard Life’s Dublin headquarters had been offered for sale in October 2020 with more ambitious guide of €27m

Sale of Millbank House offers purchaser 6.44% net initial yield and potential for 12.4% reversionary yield

Number 1 Custom House Plaza is 60% occupied and generating €558,000 in net income per year

Plantation House on Herbert Street is generating €546,000 in annual rental income from celebrated recording studio