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  • Kildare barracks to be developed following €8.2 million sale
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Feb 29, 2016 - 11:06

Kildare barracks to be developed following €8.2 million sale

MyHome.ie
By MyHome.ie
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Kildare barracks to be developed following €8.2 million sale

The Magee Barracks site in Kildare town is to be developed following its recent sale at auction for €8.2 million.

The auction, in the Keadeen Hotel, included competitive bidding from several major national developers and overseas funds.

The initial guide price for the site was €2 million and local auctioneer John Conway of Conway Auctioneers presided over the bidding process which moved rapidly from an initial bid of €2.5 million to its final selling price of €8.2 million.

Independent finance company BBF Capital Partners issued a statement confirming that they, acting on behalf of an Irish client with extensive property development experience, had purchased the property for €8.2 million.

The statement went on to add: “The company will now lead the process of creating a development plan for the 51.4 acre strategic site in conjunction with Kildare Co Council’s objectives to generate a welcome addition to the town’s built environment.”

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<

  • Tags
  • BBF Capital Partners
  • Conway Auctioneers
  • John Conway
  • Keadeen Hotel
  • Kildare
  • Kildare Co Council
  • Magee Barracks
  • Seán Ó Fearghaíl
MyHome.ie
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