International investors see long-term value in Dublin pub market

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A total of 27 pubs with a capital value of just over €91m have been sold in Dublin so far this year

That acquisition by Attestor Capital was preceded by their acquisition in December 2021 of Camden Palace, Camden Street and Lundy Foots, Temple Bar from publican Ross Murray for a rumoured price of about €27 million.

Other notable sales to conclude during the first half of 2022 involved the popular Ashton’s, Clonskeagh for more than €3 million and Lamb Doyle’s, Sandyford for a price in the region of €2.2 million. While activity in the second half of the year slowed considerably, the remaining two pubs in the Quinn Hospitality portfolio – JW Sweetman, Burgh Quay and The Barge, Charlemont Street – were offered for sale in the autumn, with JW Sweetman purchased for more than €5 million while The Barge, at the “contract-signed, awaiting-closing stage”, achieved just below the guide price of €3.7 million.

 

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