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ardaleproperty.com

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About Ardale Property

Ardale Property Group is an established investment, development and asset management company based in Dublin.

Ardale Property Headquarter Location

18F Main Street

Dublin, 14,

Ireland

+353-(0)1-2993860

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Latest Ardale Property News

Ardale secures €4.82m from sale of Aldi store in Co Wicklow

Dec 2, 2020

Developer Emma Maye's company to build up to 700 homes on land surrounding Aldi in Rathnew about 4 hours ago       Developer Emma Maye’s Ardale Property Group has completed the off-market sale of the Aldi supermarket in Rathnew, Co Wicklow for about €4.82 million. Built on part of a 9.5-acre site, on which Ardale intends to develop a residential scheme, the subject property extends to 1,608sq m (17,308sq ft) together with 75 surface car parking spaces on a 0.81 acre site. Aldi has taken a 25-year full repairing and insuring (FRI) lease, with a tenant break option in year 15. The passing rent is about €348,000 and is subject to five-yearly CPI index-linked rent reviews. The purchase price represents a net initial yield of 6.56 per cent and a capital value of about €279 per sq ft. Details of the purchaser were not disclosed. Ardale have planning for 40 residential units on the next phase of this scheme and planning for 255 residential units on an adjacent site. Overall, more than 700 residential units will be built on the company’s landholding in the area. Ardale’s principal, Emma Maye , is a daughter of the late Liam Maye , the developer of Dundrum Town Centre, and the founder of Castlethorn Construction . Clive Roche of Cushman & Wakefield acted on behalf of Ardale in the sale of the Aldi store in Rathnew, while David Carroll of Bannon acted for the purchaser. Topics:

Ardale Property Acquisitions

1 Acquisition

Ardale Property acquired 1 company. Their latest acquisition was Weslin Construction on January 20, 2015.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/20/2015

$99M

Acquired

1

Date

1/20/2015

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

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