(Alliance News) - Glenveagh Properties PLC on Friday said it competed the sale of its 90 unit apartment development at Herbert Hill, Dundrum, Dublin 14 to an unnamed institutional investor for EUR55 million.
The Irish property company said Herbert Hill had attracted significant interest among institutional investors.
Chief Executive Officer Stephen Garvey commented; "Herbert Hill has been a major priority for the Company over the past two years. We are delighted to have brought this project to such a successful conclusion as part of our ongoing suburban and urban residential home building programme."
The stock closed up 1.6% at EUR0.79 on Friday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Glenveagh (GLV)