Dublin docklands office block to sell for 53% less than 2018 value
The office block No. 2 Dublin Landings, a 100,546 sq ft property, was sold for €106 million in 2018 by South Korean firms JR AMC and Hana. It is now being sold for €50 million, a 53% decrease in value, to German investor MEAG. The sale, facilitated by Savills on behalf of receivers Deloitte, reflects a significant drop from the initial price. The property remains fully leased to WeWork, which renegotiated the rent, reducing it by €1.38 million annually.
