TWO office blocks at Beech Hill Office Park Clonskeagh, Dublin 4 have been sold for close to £10 million. The two buildings will complete the office development at Beech Hill, which began more than five years ago.
The Swedish telecommunications group, L.M. Ericsson is to pay in excess of £5 million for a 40,000-square-foot block, which is currently being developed by a joint venture company, Earlsfort Centre Developments and Christopher Bennet.
A group of investors has paid more than £4 million for the second block of 25,000 square feet, which will be rented by CBT Systems at £13.50 per square foot.
Ericsson has two other office blocks in the area. It owns a 27,000-square-foot building at Beech Hill and rents a 40,000-square-foot block on an adjoining site from the Smurfit group. The company is likely to have about 140 car-parking spaces with its new block.
The UK property group, Bryant Properties, sold the sites for the two office blocks under construction when it decided last year to withdraw from the commercial property market.
