Gresham House Real Estate, the company led by former Treasury Holdings chief executive John Bruder, has instructed agent CBRE to find a buyer for The Grange office building at Stillorgan in south Dublin . The property, which was developed originally by Ray Grehan’s Glenkerrin Homes as part of the wider Grange apartment complex, is being offered to the market at a guide price of €8 million.
The building is producing an income of €552,727 per annum and is occupied by Samsung and Bayer, with the remaining accommodation available to lease through letting agents CBRE. The residential element of the Grange has seen significant investment since Kennedy Wilson acquired 274 of the scheme’s 507 units along with its remaining four-acre site for €160 million in 2018. Since then, the US-headquartered real estate firm has built a further 287 apartments across six blocks at the scheme.
Stillorgan Dublin Dublin-18 Office-Investment Ray-Grehan John-Bruder Glenkerrin-Homes Gresham-House-Real-Estate Samsung Bayer The-Grange Kennedy-Wilson
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