Galway office space investment for £1.6m-plus

The McInerneys Holdings Plc subsidiary, Hillview Securities, has disposed of its investment interest in The Cornstore, a mixed residential and commercial scheme at St Augustine Street, Galway. The investment, comprising the entire 10,000 square feet of office space in Cornstore, achieved £1.625 million, representing a yield of 5.1 per cent before using the capital allowances. William McCabe of selling agents, Mason Owen & Lyons, reported tremendous interest in the investment due to the relative rarity of such quality tax designated property.