REO completes sale of Montevetro to Google (6894E)
11 Abril 2011 - 8:29AM
UK Regulatory
TIDMREO
RNS Number : 6894E
Real Estate Opportunities PLC
11 April 2011
11 April 2011
Real Estate Opportunities plc (the "Company", "REO")
REO completes sale of Montevetro building to Google for
EUR99.9m
Further to its announcement on 17 February 2011, Real Estate
Opportunities plc, the real estate investment and development group
active in Ireland and the UK, is pleased to announce that it has
completed the sale of Montevetro, Dublin's tallest commercial
office building, to Google for EUR99.9million, to be satisfied in
cash.
Discussions between the Company's investment adviser, Treasury
Holdings, and Google began in early 2010 about Google taking a
lease of the building, but developed into discussions for an
outright sale late last year.
REO's development of the landmark 15-storey building, which
commenced in March 2008 and completed in January 2011, comprises
210,000 sqft of prime office space in Grand Canal Dock, Dublin 2.
The three basement levels provide 80 car parking spaces and
extensive additional bicycle and motor cycle spaces. The building,
which reaches 67 metres, offers easy access to St Stephen's Green,
Baggot Street, the IFSC and Spencer Dock. It also offers unrivalled
connectivity to national infrastructure with an integrated DART
line which connects with Connolly Station.
For further information, please contact:
Real Estate Opportunities plc
Ray Horney, Chairman
Tel: + 44 (0)1273 775 225
Matrix Corporate Capital
Paul Fincham
Tel +44 (0)20 3206 7000
Goodbody Stockbrokers
Linda Hickey, Corporate Broking
Tel +353 1 641 6017
Finsbury
Gordon Simpson / Arif Shah
Tel: +44 (0)207 251 3801
Murray Consultants
Ed Micheau
Tel: + 353 1 498 0300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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