Friends first, paying €22m in Galway

  • Friends first, paying €22m in Galway
    Independent.t. E.
    That account as one of the largest transactions that have taken place in Galway for a number of years, friends bought, close to Eyre square for a figure in the region of €22m.
    https://www.independent.ie/business/commercial-property/friends-first-pays-22m-in-galway-city-37241857.html
    https://www.independent.ie/business/article37241856.ece/b54bf/AUTOCROP/h342/2018-08-23_bus_43458805_I1.JPG

  • Email

That account as one of the largest transactions that have taken place in Galway for a number of years, friends bought, close to Eyre square for a figure in the region of €22m.

Completed in 2008, the hotel is a five-storey, in basement of the building, including 76,500 sq m of retail, office and residential premises. Overall, this asset produces a total rental income of €1.5 million per year.

Trade area fully let to TK Maxx and Galway health and fitness. There are three office tenants, including the mathworks, while the residential units are fully let to local operator. Matthew Vanston BNP Paribas real estate presents friends primarily in the acquisition, while Brian Garry advisers data of real estate, represented the seller, the calibration of the real property.

The asset was the last property in the portfolio of the company AXIS, which is calibrated to be brought to market using the data in September of last year. The portfolio also includes shopping centre, Boroimhe, swords, Co Dublin (sold for €9.25 m) and cruises street Parking, Limerick (sold for €2.7 m).

To calibrate the estate this means that he retained ownership of a 165-space on the Grand canal, Parking in the Dublin Docklands.

Online Business Classes