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CASE STUDIES

Magee Barracks, Co Kildare

Conway Auctioneers was appointed as joint agent for Magee Barracks, A major development site of 20.80 ha (51.4 acres) in  Kildare town.

This major development site in the heart of Kildare town is regarded as a pivotal part of the town’s redevelopment. As a location Kildare Town has the enviable attraction of offering many development opportunities.

Considering the significance of the site, the recommendation by Conway Auctioneers of using the auction method of sale proved to be a success. Conway Auctioneers worked closely with Lisney, our alliance partner, together, an efficient and effective team. We created a national and local advertising marketing campaign across all media platforms. At the auction, John Conway generated a winning bid of €8.2m winning which was accepted and executed. The sale closed in Q2, 2016. Both firms continue to work with the current owners of property to create a vibrant new quarter for Kildare.

Kildare Town Centre

In 2016 Conway Auctioneers & our Associate Firm Lisney, were appointed to sell the Kildare Town Centre, which is a commercial portfolio of retail units and office space in Kildare. The client a Receiver, had previously tried to sell the property by Public Auction but it had failed to reach its reserve.

Our first action was to review the existing leases and management structure. The exterior of the premises was painted. Several leases were re- geared. The property was then offered for sale by Private Treaty and a sale was agreed after a best and final bids date.

Conway Auctioneers were retained by the new owner in an Asset Management & Property Management Role. To date 92% of the properties are let with the aim of being fully let by the end of 2019. We are working with our client and their professional team to continue to add value and improve the centre for both the tenants and visitors .

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