Business

Google buys Dublin's tallest office block

Controversial: while the move will benefit Ireland, questions have been raised over Google's motives
11 April 2012

Web giant Google has bought Dublin's tallest office block for 99.9 million (£84 million) in a deal which claws back funds for the Irish taxpayer.

Google is buying the Montevetro building from developer Real Estate Opportunities, but Ireland's National Asset Management Agency owns the REO debt secured on the scheme and also put up funds to get the 67-metre high building completed on time.

It's Ireland's biggest commercial property deal for several years.

NAMA chairman Frank Daly said: "Based on the sale price, all NAMA's outlay - acquisition price and further investment - has been recovered."

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy notice .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in