Glenveagh confirms sale of Dublin docklands site
November 16, 2021
Leading Irish homebuilder Glenveagh Properties has confirmed the sale of a Dublin Docklands site to a subsidiary of multinational Eagle Street Partners group for €78.5m.
The sale has allowed the firm to return €100m to shareholders in a buyback scheme.
The sale of the Castleforbes complex was announced in August. It contains two hotels, a 120,000 square foot office space and 700 residential units.
Today’s sale follows the sale earlier this year of the 262-bed Premier Inn, also on the Castleforbes site, to German real estate group Union Investment for €70m.