Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
so high in the sky
Going going gone...Ireland's tallest building has been sold
The Obel development in Belfast came onto the market at the beginning of March.
THE TALLEST BUILDING in Ireland has been sold.
The Obel development in Belfast which contains Ireland’s tallest building was sold one month after coming onto the market.
The development is on Donegall Quay, close to Belfast city centre.
It contains office accommodation and 282 luxury apartments.
The loan sale was handled by property consultants, Savills, and law firm Tughans on behalf of Bank of Scotland.
They said that once it’s fully let, it will produce a gross income of over £2.2 million per annum.
Ben Turtle, Director of Investments at Savills Northern Ireland said:
“We expected the Obel to generate significant interest when we brought it to the market and that is exactly what transpired.
It has taken just over a month for the sale to complete, which highlights the growing popularity of Belfast and Northern Ireland as a location for property investment.
have your say