Blackrock rents Dublin property at 6.7% yield

Blackrock International Land plc is pleased to announce that it has agreed a short-term lease of its recently-acquired investment property in Santry, Dublin at an annual rent of €650,000, equivalent to a net initial yield of 6.7%.

Fyffes spin-off Blackrock International has agreed a short-term lease of its recently-acquired investment property in Santry, Dublin at an annual rent of €650,000, equivalent to a net initial yield of 6.7%.

The property is a third-generation distribution facility of 6,190 m sq, located in Woodford Business Park, north of Dublin city and close to the new Dublin Port Tunnel and the M50.