Sale of Elysian set to surpass €100m

Ireland’s tallest building, the Elysian Tower in Cork city, is expected to fetch more than €100m when it goes on sale in the coming weeks.

It is understood the US private equity firm Blackstone Capital will instruct Savills and Lisney to sell the 87-metre tall building at Eglinton Street.

Blackstone declined to comment on the proposed sale, which was first reported in the Sunday Business Post, but it is believed the firm will look for more than €100m, with one source saying there was no guide price as yet, but that the building was “clearly worth over three figures”.