Publications

- September 1, 2012: Vol. 6, Number 8

To read this full article you need to be subscribed to Institutional Real Estate Europe

Kennedy Wilson Buys Irish Luxury Apartment

by

Kennedy Wilson has acquired The Alliance, a luxury residential high-rise in Dublin, marketed by Savills on behalf of receivers Grant Thornton. The nine-storey property sold for €40 million. The property received more than 14 bids from investors.

The Alliance is located at The Gasworks and comprises 210 apartment units — 202 of which are two-bedroom units, along with eight one-bedroom apartments on the ground floor — and is 97 percent occupied. The two-bedroom units are currently let for an average of €1,400 per month, and the property has gross annual income of approximately €3.25 million.

The Alliance is locate

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?