Dublin office block to sell for €32m off peak

Dublin office block to sell for €32m off peak

Brooklawn House

A MODERN office building off Shelbourne Road in Ballsbridge, Dublin 4, sold at the peak of the property bubble in April 2006 for a highly-inflated value of €47 million, is about to change hands again for a mere €15 million.

An international company with an Irish office is to avail of the 68 per cent fall in the value of Brooklawn House to buy it at a yield of 14 per cent – a far cry from the 3 per cent return agreed by D2 Property Management when it bought it six years ago from developers G & T Crampton.

Agents Savills are handling the current sale of the investment which is believed to have attracted interest from about 25 Irish and overseas individuals and groups.

Read more in the Irish Times.

Leave a Reply