Deal for €180m OPW-occupied office block goes through despite Covid-19 jitters
A deal on a Dublin office block worth €180 million has just gone through, despite jitters across the world’s stock and property markets, with deep-pocketed international players on each side of the sale.
The Kevin Street building close to St Stephen’s Green, was originally delivered around 2002 by Irish developer Bernard McNamara, has sold and resold several times in recent years, and is primarily occupied by Government and/or State agencies, on long leases, representing about 90% of the rental income.
