The Plaza sells for €1 million more than guide price

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The Plaza has a new owner after it was bought by an Irish investment company for around €15 million – three months after it went on the market.

The reported price is almost €1 million above the guide price for the six-storey development which includes a four star, 122 bedroom hotel and basement nightclub, three floors of offices and three ground floor retail units, one of which is vacant.

The development was sold on the instructions of receiver Declan Taite of Duff & Phelps through agent CBRE.