Three buildings on Grafton St among the collection in the market

Estate agent Savills is putting three commercial buildings on Dublin’s Grafton Street, including the iconic Bewley’s cafe site, and two office buildings on behalf of trustees of Grant Thornton.

The collection of buildings has a combined indicative price of 170 million euros.

As well as Bewley’s, the Grafton Street buildings are occupied by tenants such as Permanent TSB, Lush UK and City Break Apartments.

Office blocks include Connaught House and Kingram House, located on Burlington Road at Dublin 4 and just off Fitzwilliam Place at Dublin 2.

The above block comprises approximately 117,000 square feet of Grade A office space on 5 floors above the basement.

Macquarie Aviation Capital, Carlyle and Biohaven Pharmaceuticals are among the companies taking up space there.

Kingram House is currently leased to the Irish Medical Council on a 20-year lease which started in January 2013.

Each asset will have its own separate sale process, except for the three Grafton Street assets which will be offered as a collection in one or more lots, Savills said.

“Each of these assets offers unique opportunities, including secure income returns and asset management prospects, in a market that lacks well-placed, high-profile assets, and therefore we expect strong investor demand for a variety of buyer types,” Fergus O. ‘Farrell, Chief Investment Officer at Savills said.

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