Tallaght Cross West multi-family and commercial investment is due to come on the market next week with a likely guide price in excess of €80 mln. DTZ Sherry FitzGerald will commence marketing on the 14th October on the instruction of the statutory receiver, David Carson of Deloitte, who together with WK Nowlan have asset managed the estate for the last 4 years. This is the largest volume of apartments to come on the market within a single development and will be of great appeal to the various REITs, ‘multi-family’ and investment specialists.
Tallaght Cross West campus is also just 5 minutes’ drive from Citywest which hosts employers such as SAP, Fidelity & Sage amongst others. Connectivity to the city centre via LUAS, road and bus is superb and there is also great and easy connectivity to the M50 and the motorway network just minutes away. There are two LUAS stops immediately adjoining the development with a commuter friendly journey time to the IFSC of approx. 45 minutes.
The sale offers an excellent investment opportunity for a purchaser to acquire a large scale mixed-use & multi-family portfolio in Dublin’s largest suburb. The commercial elements includes an Aldi supermarket producing a rent of €625,480 per annum and a considerable amount of ground floor accommodation which is in shell condition.
Source: DTZ
