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Bank Cashes In At Top Of The Market

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those canny paddies are selling at the top and leasing back at 3.5% pa of the property's value......even if they stick the £250m in a bank they're quids in!

They'll no doubt buy it back when values have plummetted

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AIB probably have 5 yearly rent reviews worked into the lease. The investors probably think that they'll make their hay in five years time when the rent is reviewed upwards. They probably haven't heard of the concept of under rented.

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Wow. I got offered a contract in there a few weeks back. The Bankcentre is an absolutely enormous site.

This D4 selling up is definitely an emerging trend, Jurys up the road also sold up (to be developed into apartments). Also the RDS is trying to cash in by building office blocks (they were having planning permission issues though. Also how it could be economic for any business other than upscale restaurants and wine shops to rent in D4 I have no idea).

Puzzles me how the investors hope to make money leasing the thing back to AIB, it'd make some vague sort of sense if they planned to build dwellings on it too. There's a fair amount of space that could be used for that but I feel if they kept the existing bank stuff on it too it'd be quite cluttered.

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AIB probably have 5 yearly rent reviews worked into the lease. The investors probably think that they'll make their hay in five years time when the rent is reviewed upwards. They probably haven't heard of the concept of under rented.

I believe a £1.4Bn portfolio sold by Artemis to Abbey will be packaged as retail unit trust... :angry: :(

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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