DUBLIN FIRM NEGOTIATES PAYMENT TERMS FOR EDWARD SQUARE CITY COMPLEX

Date Published: 26-Sep-2012

Dublin investment firm, Signature Capital, has agreed terms of over 27 million euro for the purchase of Edward Square retail complex in the city centre.

The Irish Times reports that the investment into the complex is set to make a net yield of 8 point 7 percent.

Edward Square went on sale in June and is one of the distressed properties of city developer Gerry Barrett's Edward Holdings.

Upon the sale completion of the retail element of the complex, Nama is expected to seek a buyer for 38 apartments on the upper floors of the complex.

These are currently rented and producing an annual income of 380 thousand euro.