Agents CBRE have closed on sales of four office blocks in Dublin city centre for €33 million. The investments formed part of the Iveagh Collection which was sold on behalf of Bank of Scotland (Ireland). The portfolio is producing total rents of €2,058,905.

IPUT paid €13 million for a Georgian style building at the junction of St Stephen’s Green and Hume Street which is producing rents of €532,075. The yield will be 6.57 per cent.

Knight Frank Investment Management of London paid €4.6 million for Molesworth House on South Frederick Street which will show a yield of 5.09 per cent. The same fund paid €7.4 million for Verschoyle House on Lower Mount Street which will have an initial return of 10.12 per cent. The fourth block, Pembroke House on Pembroke Street, was acquired by Davy Property who will get a 6 per cent yield on the €7.9 million paid for the 1,997sq m (21,500sq ft) block.