Sunday 20 August 2017

Development Securities buys Dublin properties for €12.8m

Beacon South Quarter in Dublin 18 is among the apartments to be sold
Beacon South Quarter in Dublin 18 is among the apartments to be sold
Peter Flanagan

Peter Flanagan

UK property giant Development Securities has agreed to pay €12.8m for a number of properties in south Dublin.

The London-based firm is buying property at Nutgrove Retail Park and the Beacon South Quarter.

The properties have been bought in a joint venture with Paddy McKillen's Clarendon Properties.

DevSecs executive director Matthew Weiner commented: "This is the latest in a number of acquisitions that we have made inn Dublin, an important market for us where we see further opportunities for development".

Clarendon Properties managing director Tony Leonard said he was "delighted" with the deals.

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