BCP buys Dublin office complex for €33.5m

BCP Fumbally Square and Studio

M7 Real Estate has sold its office complex on Fumbally Lane in Dublin to BCP Fund Management for €33.5m (£30.4m) at a reversionary yield of 8.5%.

The mixed-use asset, acquired by M7 in December 2016, comprises a five-storey office building with 55 underground car parking spaces and a further three period properties, including part of a deactivated distillery, which have been converted into 83,699 sq ft of further office space. The site also includes four residential units of 4,000 sq ft and a 0.4 acre development site and overall has a capital value of €403/sq ft.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue