Residential property trust buys the Marker apartment block for €50m

Irish Residential Property REIT (I.RES) has bought an apartment block in the Grand Canal Dock area of Dublin for €50.1m from Brehon Capital Partners and Midwest Holding.

Residential property trust buys the Marker apartment block for €50m

The Marker Residences are located beside the Marker Hotel and Grand Canal Theatre in the Silicon Dock’ area of Dublin. Many of the biggest social media companies in the world such as Google, Twitter and Facebook, have their European headquarters in the vicinity.

An Bord Pleanala recently approved a fast-track planning scheme for the Docklands strategic development zone. Nama has earmarked €1bn investment in the area for a mix of residential and commercial property.

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