South Wharf sells former bottle site

The former Ringsend glass making plant site in Dublin has been sold to a consortium led by property developer Bernard McNamara for EUR 412 million.
The owner of the site, South Wharf, announced detai…

The former Ringsend glass making plant site in Dublin has been sold to a consortium led by property developer Bernard McNamara for EUR 412 million. The owner of the site, South Wharf, announced details of the agreement to the stock exchange on 10 November 2006. The Becbay consortium submitted the highest bid following a tender process. It will buy 100% of South Wharf, with Dublin Port receiving EUR 138 million and South Wharf shareholders the remaining EUR 273.5 million. South Wharf says each shareholder is expected to receive just over EUR 7 per share. The deal is subject to shareholder approval.