Updated Dec 19, 2023
Hackman Capital Partners And Square Mile Capital Management Acquire Ardmore Studios And National Technology Park For £72.7M
Ardmore Studios, Ardmore Studios, Herbert Road, Killarney, Bray, Wicklow, Ireland
$72,693,500
$111/SF
Building Size
650,000 SF
Asset Type
Commercial
Closing
Aug 13, 2020
About this deal
AI
The recent transaction involved the purchase of commercial properties in Wicklow and Limerick, Ireland. The properties are located at Ardmore Studios, Herbert Rd, Killarney, Bray, Co. Wicklow, and National Technology Park Plassey, Castletroy, Limerick, V94 A6F4. The total square footage of the properties is 650,000 square feet, with a purchase price of £72,693,500. The buyer of the properties is Hackman Capital Partners, represented by Michael Hackman, and Square Mile Capital Management, represented by Craig Soloman. The seller of the properties is Olcott Entertainment.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: £72,693,500
- Square Footage: 650,000
- Vendor: Olcott Entertainment
- Purchaser: Hackman Capital Partners - Michael Hackman & Square Mile Capital Management - Craig Soloman
The acquisition of these properties was completed on 13/08/2021. This transaction signifies the expansion of Hackman Capital Partners and Square Mile Capital Management's real estate portfolio in Ireland. The properties offer significant opportunities for commercial development and investment in Wicklow and Limerick.
Players
Market Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93