26 & 27 South Mall, Cork – Adding Value at Every Stage
Background:
26 & 27 South Mall, a partially vacant office building in Cork’s CBD, presented a strong opportunity for redevelopment. Murphy Mulhall was engaged by our client to acquire and renovate the building to increase its rental value and attract high-quality tenants.
Our Role:
- Acquisition & Assessment: We guided our client through the acquisition process, identifying the building’s potential for transformation.
- Renovation: Our team assisted with the comprehensive renovation to modernize the office spaces, improving aesthetics and functionality, and significantly increasing the estimated rental value (ERV).
- Leasing Campaign: We launched a strategic leasing campaign targeting high-quality tenants. The successful leasing of the fully renovated building at premium rental rates resulted in a fully let property.
- Investment Sale: After securing long-term tenants, we executed a successful off-market sale, achieving a profitable exit for our client.
Outcome:
The project led to the creation of high-quality office space, fully leased with premium rental rates, maximizing investment value. The off-market sale of the fully refurbished property provided a strong return for our client.
Conclusion:
Murphy Mulhall successfully guided the transformation of 26 & 27 South Mall through acquisition, renovation, leasing, and sale, delivering exceptional value for our client. Our expertise ensured that every stage of the investment process was handled with precision, maximizing returns.
Why Choose Murphy Mulhall:
We help clients spot opportunities, acquire assets, implement value-adding strategies, and execute profitable sales. Your one-stop solution for commercial investment success.
