Colliers Jackson-Stops is seeking offers in the region of €1.7 million for unit 11 at the Seapoint Building in Clontarf, north Dublin. Developed by the MKN Property Group in 2004, unit 11 comprises 228 square metres of office space on the first and second floor of the development.

The fit-out of the building at present is mostly open-plan, but it does include a separate reception area, boardroom, canteen and cellular offices on each floor. In addition to this, the office is being sold with two basement car parking spaces. The agents are at 01-6333700.

British property market held under tight-fisted bank policy, Sunday Business Post, 15 June 2008

Lending constraints remain the main impediment to the recovery of the British property market, according to a new report from Colliers CRE.

The firm reported that the number of investment transactions in the property market was down month-on-month in May, and stated that the banks are reviewing loan portfolios for breaches of loan-to-value cover.

Rod Hayler, head of investment services at Colliers Jackson-Stops, said in terms of commercial property investment "even though banks are increasingly reviewing commercial property investment portfolios, forced sales are not yet a feature of this market."

There is growing discussion of a possible "double-dip" in capital values, as valuers move yields out further in response to new evidence and weakening occupational demand, according to the firm. However Rod Hayler said the central London retail and office sectors are proving resilient in the current market conditions.

Download Sunday Business Post Article 15 June 2008