Emile Abu-Shakra, a spokesman for Lloyds, declined to comment. Representatives for Goldman, Lone Star, Apollo and Jones Lang declined to comment on the sale. Jones Lang LaSalle, the company managing the sale, is seeking €140m for a portfolio called Ulysses that includes the Department of Justice as well as office buildings, stores and apartments. Overseas investors are buying more than two-thirds of the commercial property being sold in Dublin these days.ĭavy Stockbrokers and US investment firms Lone Star Funds, Goldman Sachs and Apollo Global Management were meanwhile reported to be among the bidders for 25 Dublin properties being sold by Lloyds Bank as it exits Ireland. International investors have been buying property and loans backing real estate in Dublin as returns rebound following the property crash. Spokesmen for the NTMA and McGarrell Reilly declined to comment. The loans are linked to properties built by Dublin-based developer McGarrell Reilly Group and they will be sold at a discount. THE National Asset Management Agency is preparing to sell about €300m of Irish property loans linked to buildings such as The Watermarque office building, near the Google offices, and the Iveagh Court office complex in the capital, according to Bloomberg.
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