Lloyds decided three years ago to close the Irish unit it acquired as part of its 2008 takeover of HBOS Plc and sell or run off the assets. worked with top blue-chip companies to design and build office properties. and benefits from a high car parking provision with 40 secure spaces, 56 bicycle spaces and clubhouse standard shower and changing amenities located at basement level. including a ground floor cafe unit extending to 2,250 sq. Most of the Ulysses properties previously belonged to Liam Carroll, one of the country's biggest developers during its real-estate bubble, who has seen many of his properties seized by banks. It comprises a number of landmark office properties, including the Watermarque building, 75 St Stephen’s Green, Iveagh Court, Marsh House, 29-31 Adelaide Road, and 1 and 2 Parkgate Street. Sharp Building, Iveagh Court Complex, Dublin 2 The Watermarque Building. The property comprises a new 6-storey over basement Grade A office building extending to approximately 47,500 sq. Last year it sold two blocks at Parkgate Business Centre to Union Investment for 24. The Watermarque Building is a prominent corner multi-let building in Dublin 4 providing high quality new office accommodation. Emile Abu-Shakra, a spokesman for Lloyds, declined to comment. The Watermarque is the second building from the portfolio to be put on the market since Blackstone purchased it. Representatives for Goldman, Lone Star, Apollo and Jones Lang declined to comment on the sale.
Jones Lang LaSalle, the company managing the sale, is seeking €140m for a portfolio called Ulysses that includes the Department of Justice as well as office buildings, stores and apartments. Successfully operating for almost 40 years, some of McGarrell Reilly Group’s best-known developments / refurbishments / investments include: The Sharp Building, Iveagh Court Complex, Dublin 2 The Watermarque Building, Dublin 4 25-28 Adelaide Road, Dublin 2 Malahide Marina, Co. Overseas investors are buying more than two-thirds of the commercial property being sold in Dublin these days.ĭavy Stockbrokers and US investment firms Lone Star Funds, Goldman Sachs and Apollo Global Management were meanwhile reported to be among the bidders for 25 Dublin properties being sold by Lloyds Bank as it exits Ireland. International investors have been buying property and loans backing real estate in Dublin as returns rebound following the property crash. Spokesmen for the NTMA and McGarrell Reilly declined to comment. The loans are linked to properties built by Dublin-based developer McGarrell Reilly Group and they will be sold at a discount. THE National Asset Management Agency is preparing to sell about €300m of Irish property loans linked to buildings such as The Watermarque office building, near the Google offices, and the Iveagh Court office complex in the capital, according to Bloomberg. WaterMarque at 11925 Kling St is a 3 story rental building in Valley Village.
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