Nine Citywest units bought by joint venture for €6.5m
Bartra Capital Property and Henley Investments go in together on 4,100sq m space
Business units at Citywest Business Campus in west Dublin
Two office blocks accommodating nine business units at Citywest Business Campus in west Dublin have been bought as a joint venture for €6.5 million by Bartra Capital Property and Henley Investments. The price paid will show a net initial yield of 7.87 per cent, based on a passing annual rent of €555,000.
The high-quality block, developed by Davy Hickey Properties, extends to 4,121sq m (44,358sq ft) and includes a mixture of office and office/warehouse accommodation with 100 car parking spaces. Individual units vary in size from 291sq m (3,128sq ft) to 962sq m (10,355sq ft). The entire property is fully let to six tenants, including Fitzers Catering, KCI Medical, eu Networks, TES Limited, Aeolus Engine services and Oradeo.