US investment firm Colony Capital is believed to have engaged Eastdil Secured to handle the process of disposing of its interests in Irish real estate, which it holds directly and indirectly. Outside of its individual Irish interests, Colony’s Irish portfolio also includes shares in a number of Dublin office buildings with U+I. Colony and U+I are also joint owners of the Hive at the Sandyford Business District in south Dublin. Wider strategyIn the case of 23 Shelbourne Road, Colony and U+I began offering the property to the market quietly in February of this year for about € 25 million. It remains unclear, what impact, if any, Colony’s efforts to dispose of its other Irish interests will have on its arrangements with RGRE.

Source: The Irish Times July 01, 2020 04:52 UTC