A round-up of other commercial property news in brief
€1.25m for D2 Georgian
GEORGIAN OFFICE values in Dublin will be put to the test shortly when a period office building at 19 Upper Pembroke Street goes for sale through Michael Turley Associates.
The agent is seeking €1.25 million for the four-storey over basement house which has a small two-storey mews to the rear and two garages to accommodate up to four cars. The main house extends to 340sq m (3,660sq ft) and has a particularly fine entrance hall and reception area. All five floor levels are laid out as offices.
€52m invested in retail units
INVESTMENT INTEREST in Irish retail property is in line with improved sentiment across five key European markets (the UK, France, Germany, Italy and Spain) where investment levels more than doubled in Q1 compared to the same period in 2009, according to Jones Lang LaSalle.
John Moran of the agency said there had been a rebound in Irish retail investment activity in the first three months of the year. “As in 2009, when two-thirds of all Irish investment was in the retail sector, this trend was repeated this year when a total of €51.9 million was invested – all of it in eight retail properties. High street bank branches accounted for most of the transactions.”
Surveyors get new president
PETER STAPLETON, the new president of the Society of Chartered Surveyors, has received his chain of office from predecessor Ken Cribbin. Stapleton, managing director of Lisney, has urged members of the society to vote in favour of a merger with the Irish Auctioneers and Valuers Institute. Both organisations are due to vote on the issue in June.
