Irish property firm sells London block for €261m

Irish property development company Green Property has sold a high-spec office block in central London for nearly €261m.

The Dublin-based company — via its Kish Holdings subsidiary — yesterday announced its sale of the grade-A London office building 111 Buckingham Palace Road to international property investment firm Kennedy Wilson Europe Real Estate (KWE) for £204.3m (€260.9m).

Earlier this year, KWE boosted its Irish portfolio by shelling out €45m for two properties — including the Portmarnock Hotel & Golf Links resort in north Dublin — previously owned by Nama and the IBRC.