STRATEGY
Allow fully-let building to operate as normal.
Opportunity to acquire additional elements of the Blackrock Business Park in order to centralize ownership and improve overall feel and operation of the park, driving value and rental levels.
Add value through planning application for additional office floors to the current building
FACTSHEET
27,396
NSF
€9,200,000
PURCHASE PRICE
Capital Stack
Bond
Team
Blackbee
McCann Fitzgerald
Mathesons
Location
Blackrock
Date Acquired
Sept 2019
GALLERY
VIRTUAL TOUR
PROJECT UPDATES
MAR 2020
Immediate COVID 19 impact: Minimal
The occupational tenants are engaged in activities that are not significantly impacted by Government restrictions (software, financial services and DNA based diagnostics for the food industry). Consequently, there is no reason for them to encounter difficulties discharging their rental obligations.
AUG 2020
Building tenant, Identigen acquired by Merck owned MSD - Irish Times Article