18th May 2015 06:37
LONDON (Alliance News) - FTSE 250-listed Kennedy Wilson Europe Real Estate PLC on Monday said it has signed an agreement to lease the entire 27-33 Baggot Street property in Dublin to Bank of Ireland.
Kennedy Wilson, which invests in direct real estate and real estate loans in Europe, said Bank of Ireland will enter into a new 25-year lease for the entire building at a headline rent of EUR47.50 per square foot.
"This sizeable letting agreement reaffirms our strong position in the Dublin market, as an investor, developer and asset manager. We expect Baggot Plaza to set a benchmark for the redevelopment of office stock in Dublin, delivering modern accommodation within the extended frame of the current structure," said Mary Ricks, Kennedy Wilson's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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