Lambert Smith Hampton was instructed by Dublin Docklands Development Authority on the disposal of the Ancestry Office Investment.
We initially provided strategic advice on the investment market, variables and value of the asset to the client. The team then extensively marketed the property via a dedicated website & data room, newspaper advertising and targeted private investors, property companies and funds on our database.
Our marketing campaign led to extensive interest in the asset which led to a competitive bidding process. This concluded with the sale of the asset for a price in the region of €3.4 million, which reflected a net initial yield of approximately 7.10%.
Our client was delighted with Lambert Smith Hamptons effort and price achieved by the team and this resulted in other instructions from the Dublin Docklands Development Authority.