Investors snap up offices in Dublin and Cork

THE demand for quality investments continues, with €33m in an office portfolio sale to three separate buyers in Dublin, and with a private buyer paying over €1.5m for a Cork City retail buy, as a pension investment, with a Tesco Express as its main tenant.

Investors snap up offices in Dublin and Cork

The Cork sale saw two dozen inquiries on a recently redeveloped and double-tenanted 5,390 sq ft building on the Douglas Road, by St Finbarr’s Hospital.

It was developed by Monti Consulting, who bought it for €700,000 and who secured a Tesco Express, plus a pharmacy, on new leases, producing an annual rent of €103,000. It was sold by John Downing, of Downing Commercial.

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