IWI buys building in Bray for €10m

A building at Bray Civic Centre, let to the OPW in Wicklow, has been bought by equity group, Ireland World Investments (IWI), for €10m.

IWI acquired block D for private clients in an off-market deal with investment/equity group, Evans Randall. Just off Main Street, Bray Civic Centre is an accessible, mixed-use development. Block D is a three/four- storey office block over basement parking, and is part of a commercial and residential development (occupiers include Bray County Council Offices, the HSE and a community arts centre).

Rent-roll at block D is €1.03m. It has 80 car-parking spaces, and 75% is let to the OPW and Courts Services.