Six parties are believed to be chasing the Reflector office block on Hanover Quay in the south Dublin docklands with the deadline for bids to be submitted having passed at 1pm last Friday.
A preferred bidder is expected to emerge shortly in what is one of the most closely watched sales of the year so far in the Dublin investment market. One source suggested bids well above the €160 million are likely to have been submitted.
Among those understood to be circling the office block are US real estate giant Hines, German funds Union Investment and Patrizia, Italian insurer Generali and a number of Asian investors.
The Reflector came on the market in February at €155 million through joint agents Savills and CBRE. The agents declined to comment on how the sale was progressing. Read More here>
