Kennedy Wilson sells Baggot Plaza for $165m –

GLOBAL  property group Kennedy Wilson has sold the Baggot Plaza office block in Dublin for $165m (€141m).

The building was originally snapped   up by Kennedy Wilson when it swooped on distressed assets of the former Johnny Ronan and Richard Barrett empire in 2013.

The US-headquartered real estate giant was the first international investment firm to enter Ireland after the last crash, buying assets out of distress.

It sold the Baggot Plaza to German company Deka Group.

Kennedy Wilson owns a number of assets in Ireland, including Capital Dock, a mixed-use development in Dublin, and the Shelbourne Hotel.

The group has over 2,000 private rental homes here, including The Grange in South Dublin, a swish complex where rent for a two-bed apartment starts at €2,150 per month.

Yesterday, a spokesperson for Kennedy Wilson said it would not be commenting on w  hether it has plans for further asset sales in

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