Frascati Centre in Blackrock ‘quietly’ on market with €100m price tag

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Confidential sales memo cites scope for rental income growth through development of rental apartments

There is an opportunity according to the selling agent to double the Frascati Centre’s net operating income by year five, with full planning permission already in place for the development of an additional 123 rental apartments across two phases.

The first of these phases would see the construction of 41 units above the scheme’s multi-storey car park, while the second phase would see the addition of a further 82 apartments on the south and south-western part of the centre.

 

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