Positive news for the office sector following a slow start to the year in transactions. French investor Iroko Zen has completed the purchase of Westland House (Block A) at Westland Park in Dublin 12 for €4,970,840. The property is fully let and producing annual rental income of €421,315. News of the transaction comes just two months after Iroko Zen’s €4.965 million purchase of units 5A and 6 at Galway Retail Park and three months on from its €18 million acquisition of South Quarter Airside near Swords in north Dublin. Link below to Ronald Quinlan’s full report in the Irish Times.
https://www.irishtimes.com/property/commercial-property/2023/05/10/french-investor-pays-4971m-for-dublin-12-office-block/
