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ESB puts Dublin office property up for sale

Electricity Supply Board's ESB Commercial Properties Ltd. placed an office property development in Ireland on the market with a guide price of €168 million.

The eight-story Fitzwilliam 28 building in Dublin will span 12,599.2 square meters net internal area of grade A office space with 50 car parking spaces.

Workplace collaboration platform provider Slack Technologies Inc. took a long-term lease for the entire building for a rent roll of above €7.7 million per year and an approximate initial yield of 4.2%.

Savills Ireland and Bannon are handling the sale on behalf of ESB Commercial Properties.