|Address:||Bartra Capital Property Group |
Dublin 2, Ireland, D02 WK40
Bartra Capital Property, the property company founded by Richard Barrett, has purchased the newly restored St George’s Church on Temple Street on Dublin’s north inner city for about €3 million. The 19th-century church has been let as offices to the adjoining Temple Street Children’s University Hospital for another eight years at an annual rent of €225,000, giving the new owner a return of 8.5 per cent.
Mr Barrett, one of the founders of Treasury Holdings, plans to develop a business to supply social housing to local authorities around Ireland. Bartra has also acquired sites with planning permission for over 450 nursing home beds. Construction of the first nursing home at Loughshinny in north Dublin has already commenced. In addition, the company has also a considerable portfolio of housing sites and separately has invested in a number of wind energy projects.
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