Home > Property > Kildare Town's Magee Barracks sold at auction for 8.2m

Kildare Town's Magee Barracks sold at auction for 8.2m

Written by Robert McHugh, on 15th Feb 2016. Posted in Property

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The Department of Defence’s former Magee Barracks in Kildare Town was sold last week at public auction for €8.2 million.
 
The barracks were sold to BBF Capital Partners, acting on behalf of an Irish client with extensive property development experience.

The auction, in the Keadeen Hotel, included competitive bidding from several major national developers and overseas funds. The bidding, under the control of John Conway of Conway Auctioneers, moved rapidly from €2.5million and finally sold at €8.2million. 
 
BBF Capital Partners will now lead the process of creating a development plan for the 51.4 acre strategic site in conjunction with Kildare County Council’s objectives to generate a welcome addition to the town’s built environment. 
 
Source: www.businessworld.ie 

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