Bank of Ireland and Canada Life emerge as partners

Bank of Ireland Asset Managers and Canada Life have emerged as Irish Life's partners in the purchase of St Stephen's Green House…

Bank of Ireland Asset Managers and Canada Life have emerged as Irish Life's partners in the purchase of St Stephen's Green House, a 67,000 sq ft office block next to the Conrad Hotel, at Earlsfort Terrace, Dublin 2. The £23 million paid for the building was slightly lower than expected because a number of the tenants have break clauses. The block is currently producing an annual rental income of £984,000, a figure that is certain to rise substantially over the next months once rent reviews are completed.