Now’s your opportunity to lodge your interest in one, or all, of four BofI bank branches

Bank of Ireland branches in Mallow and Mitchelstown form part of a small, four-branch sell off of a larger 30-strong property portfolio which was bought in 2007 for €94 million.

Now’s your opportunity to lodge your interest in one, or all, of four BofI bank branches

The BofI sale and leaseback eight years ago saw 29 bank branches plus a call centre in Kilkenny sell for €5 million above the then-€89m guide via CBRE.

The major portfolio was acquired by developer Joe Layden, for an initial yield of 3.9%, making him probably the biggest single owner of Irish bank branches: the previous year, Gerry Gannon paid €100m for 12 AIB branches.

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