09/03/2018
Elysian Tower Acquired For Over €90m
The Elysian Tower in Cork City Centre has been acquired for around €95 million by global property investors Kennedy Wilson.
The deal has now been referred to the Competition and Consumer Protection Commission for approval, due to Kennedy Wilson's amount of Irish investments. The first phase of the investigation can take up to 30 working days. If not approved the second phase of the investigation could take a few months.
The private equity fund Blackstone have been seeking bids for the Elysian for the last year.
Kennedy Wilson controls over 2,000 residential units in Ireland, and has plans to expand that number to 5,000. It also owns around 1.5 million square ft of offices in Dublin. If confirmed, the Elysian deal would be Kennedy Wilson's first big step outside Dublin.
(CM)
The deal has now been referred to the Competition and Consumer Protection Commission for approval, due to Kennedy Wilson's amount of Irish investments. The first phase of the investigation can take up to 30 working days. If not approved the second phase of the investigation could take a few months.
The private equity fund Blackstone have been seeking bids for the Elysian for the last year.
Kennedy Wilson controls over 2,000 residential units in Ireland, and has plans to expand that number to 5,000. It also owns around 1.5 million square ft of offices in Dublin. If confirmed, the Elysian deal would be Kennedy Wilson's first big step outside Dublin.
(CM)
Related Irish News Stories
Click here for the latest headlines.
12 March 2024
Economy Minister To Promote NI In New York And Washington
Economy Minister, Conor Murphy, will highlight the benefits of Northern Ireland's business and economic opportunities during an official visit to New York and Washington DC.
Economy Minister To Promote NI In New York And Washington
Economy Minister, Conor Murphy, will highlight the benefits of Northern Ireland's business and economic opportunities during an official visit to New York and Washington DC.
05 January 2018
New Alcohol Legislation To Benefit Those 'On A Health Kick'
New alcohol legislation progressing through the Dáil will, for the first time, ensure that alcohol products will be labelled to show the calorie content.
New Alcohol Legislation To Benefit Those 'On A Health Kick'
New alcohol legislation progressing through the Dáil will, for the first time, ensure that alcohol products will be labelled to show the calorie content.
17 October 2014
Minister For Justice Urged To Criminalise Domestic Abuse
Following the publication of the Oireachtas Committee on Justice, Defence and Equality, Fine Gael TD for Laois/Offaly and committee member, Marcella Corcoran Kennedy, has called for the criminalisation of domestic violence.
Minister For Justice Urged To Criminalise Domestic Abuse
Following the publication of the Oireachtas Committee on Justice, Defence and Equality, Fine Gael TD for Laois/Offaly and committee member, Marcella Corcoran Kennedy, has called for the criminalisation of domestic violence.
11 August 2009
'Deeply Saddened' By Shriver Death: Martin
Minister Michael Martin has said he was " eeply saddened" to learn of the death of the sister of John F Kennedy. Eunice Kennedy Shriver, sister of former US president John F Kennedy and founder of the Special Olympics died today aged 88.
'Deeply Saddened' By Shriver Death: Martin
Minister Michael Martin has said he was " eeply saddened" to learn of the death of the sister of John F Kennedy. Eunice Kennedy Shriver, sister of former US president John F Kennedy and founder of the Special Olympics died today aged 88.
25 February 2015
Garda Appeal For Help Over Missing Dublin Man
Gardaí in Dublin are appealing for help in tracing the whereabouts of 40-year-old Piers Wilson. Mr Wilson has been missing from his home in Ballybrack, Dublin, since Tuesday morning. He is described as approximately 6ft tall, thin, with short brown hair and blue eyes. When last seen he was wearing a black jacket and blue jeans.
Garda Appeal For Help Over Missing Dublin Man
Gardaí in Dublin are appealing for help in tracing the whereabouts of 40-year-old Piers Wilson. Mr Wilson has been missing from his home in Ballybrack, Dublin, since Tuesday morning. He is described as approximately 6ft tall, thin, with short brown hair and blue eyes. When last seen he was wearing a black jacket and blue jeans.
-
Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.