Bord Gáis Energy Theatre on market for €20m

Bord Gáis Energy Theatre on market for €20m

Ireland's biggest theatre is up for sale with a €20m price tag.

The Bord Gáis Energy Theatre in Dublin, described as a 'trophy asset', is being sold by property firm CBRE on behalf of NAMA-appointed receivers Paul McCann and Stephen Tennant of Grant Thornton.

Designed by internationally renowned architect Daniel Libeskind, the theatrew was constructed by the Irish construction company Sisk and "finished to the highest of standards".

Originally opened as the Grand Canal Theatre, it was rebranded in 2012 as part of a deal that is in place until 2018.

The facility has a capacity to seat more than 2,100 people and is operated by Live Nation.

Since opening it has hosted 1,178 performances including some of the worlds most renowned productions which have included the Lion King, Wicked, War Horse and Swan Lake.

In 2012 the Bord Gáis Energy Theatre produced a total revenue of €7,649,438 which subsequently increased by 6% in 2013 to €8,099,106.

"We anticipate a strong level of interest from local and international investors and theatre operators," said selling agents CBRE.

"The market throughout 2012 and 2013 was dominated by the sale of prime office buildings.

"Investors are now actively seeking to invest in alternative assets such as residential, retail and leisure.

"The Bord Gáis Energy Theatre is a trophy asset which affords investors and operators a unique opportunity to acquire a world class specialist asset offering considerable growth potential."

More in this Section

Aer Lingus sees drop in business travel over coronavirusAer Lingus sees drop in business travel over coronavirus

Irish staff seek legal advice on coronavirusIrish staff seek legal advice on coronavirus

Irish tourist chiefs on high alert as European events cancelledIrish tourist chiefs on high alert as European events cancelled

DHL scraps Ford electric delivery vanDHL scraps Ford electric delivery van


Spring has sprung and a new Munster festival promises to celebrate its arrival with gusto, says Eve Kelliher.Spring has sprung: Munster festival promises to celebrate with gusto

The spotlight will fall on two Munster architects in a new showcase this year.Munster architects poised to build on their strengths

Prepare to fall for leather, whatever the weather, says Annmarie O'Connor.Trend of the week: It's always leather weather

The starting point for Michael West’s new play, in this joint production by Corn Exchange and the Abbey, is an alternative, though highly familiar, 1970s Ireland. You know, elections every few weeks, bad suits, wide ties, and a seedy nexus of politics and property development.Theatre Review: The Fall of the Second Republic at Abbey Theatre, Dublin

More From The Irish Examiner