Green Property sells industrial buildings at Ballymount

Green Property has disposed of two industrial building at Ballymount Business Park in west Dublin and plans to sell an industrial…

Green Property has disposed of two industrial building at Ballymount Business Park in west Dublin and plans to sell an industrial investment in the same area. Davenham Automation paid around £1.1 million (€1.40m) for a unit of 10,879 sq ft - the equivalent of almost £105 (€133 ) per sq ft. Another building of 7,055 sq ft made £740,000 (€939,606).

Lambert Smith Hampton, which handled both sales, is now seeking around £1.2 million (€1.52m) for a building of 12,500 sq ft rented by Gardiner Security at £84,000 (€106,658), breaking back at £6.75 (€8.57) per sq ft. Such a price would produce a yield of about 6.5 per cent.