A multi-borrower portfolio of Dublin offices including buildings once owned by John Lally and D2 Private are being prepared for sale by Ireland’s National Asset Management Agency.
CBRE and Savills have been appointed to market the €100m (£70m) Project Slaney, which comprises eight office buildings.
Lally’s Lalco Holdings and D2 Private each previously controlled two of the buildings, all four of which are in Sandyford.
The two Lalco buildings are Burton Court and Cairn House. The D2 buildings are Fenward House and Ballymoss House.
Four buildings on a business park in Carrickmines make up the remainder of the portfolio.
Lalco’s latest results, published last month, said the firm was working on a repayment plan with Nama that will resolve its €506m debt by 2020.
Slaney is one of a pair of new portfolios being prepared for sale by Nama.
The agency has also appointed DTZ and Bannon to market the €120m Project Hazel, which includes a trio of regional retail assets – Galway shopping centre, Wilton shopping centre in Cork, and the Drogheda retail park in County Meath.
alex.horne@estatesgazette.comLa
