Precinct Site, Bushel Loaf, Naas Road, Dublin 22

CBRE Sells Another High Profile Naas Road Site

Dublin, October 2015 – CBRE have successfully sold a high profile 3.017ha (7.45 acres) site on the Naas Road which is located directly opposite the Gateway site which CBRE sold to Hibernian REIT for over €10 million in 2014.

The property was offered for sale by way of 3 separate lots with Lot 1 consists of the entire, while Lot 2 consists of 2.1 ha (5.2 acres) of EP2 zoned land containing approx. 4,419 sq m (47,566 sq. ft) of commercial buildings along with 2 residential units. Lot 3 comprises of 0.767 ha (1.9 acres) of Objective A zoned lands with an additional 0.146 ha (.361 acres) of EP2 Zoned lands. It also includes 4 residential units. The overall site was site was sold to a private purchaser who may seek to develop the site over time.

The property is accessed directly off the Naas Road directly south west of the Naas Road/M50 junction.

It is understood that CBRE sold the site in excess of the guide price of €3.5 million exclusive.

Jarlath Lynn, Associate Director, CBRE Industrial
It is a very high profile and strategic site with excellent development potential, subject to planning permission.
Jarlath Lynn, Associate Director, CBRE Industrial

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.