Boyne Tower

The Opportunity

17,000 sq ft NIA shell and core office building over 4 storeys in town centre.

Strategy

Refurbish office and acquire good covenant tenant in order to maximise rent and compress yield.

Implementation

Building found non-compliant with fire regulations. Programme of compliance works in progress alongside Cat-A fit-out works to achieve maximum rental value.

Results

Yield on Capex (projected): 14%
Purchase: June 2015