Thursday 27 October 2016

Meyer Bergman and BCP snap up Nassau Street corner for €13.5m - report

Published 15/06/2016 | 09:30

Nassau Street Credit: Google Street View
Nassau Street Credit: Google Street View

London investors Meyer Bergman and Dublin-based BCP International Property Fund have agreed a deal to acquire five more Nassau Street shops for €13.5m.

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According to a report in The Irish Times, the pair is looking to extend the Grafton Street-style shopping into Nassau Street.

Following the deal it brings the total number of shops owned by both parties up to 14. The consortium also now have a combined haul of 80,000 sq ft of offices in the upper floors.

In September BCP and Meyer bought the first tranche of properties in the area for €93m.

The five shops concerned in the new deal are currently generating a rent roll of nearly €700,000.

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