8/12/2019 Dublin's BORD GAIS THEATRE - FOR SALE GUIDING 20 million

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P R E S S R E L E A S E

CONTACT:Sean OBrien

+353 (0)1 618 5724 / 087 8131634

sean.obrien@cbre.com/@CBRE_Ireland

EMBARGOED UNTIL 9THJULY 2014

PRESTIGIOUS DUBLIN THEATRE TO ATTRACT INVESTOR APPETITEEXCLUSIVE

Dublin, 09 July 2014 In one of the most high profile property sales in 2014, property advisors

CBRE have been instructed by Grant Thornton (statutory receivers Paul McCann & Stephen

Tennant appointed by NAMA)to dispose of the Bord Gis Energy Theatre. The selling agents

are understood to be quoting in excess of20,000 000 for this trophy asset.

The Bord Gis Energy Theatre is the largest theatre in Ireland providing a 2,111 seating capacity

which opened in 2010. Designed by the internationally renowned architect Daniel Libeskind and

constructed by the leading Irish construction company Sisk. The Bord Gis Energy Theatre is

regarded as the jewel in the crown of the new urban quarter of Grand Canal Square. Thispremiere Theatre was finished to the highest of standards and is designed to host theatrical

productions that were previously unable to travel to Ireland.

The building initially opened as the Grand Canal Theatre but was renamed in March 2012 as of

part a naming rights agreement with Bord Gis Energy which is in place until 2018.

The West End style theatre, which hosted its inaugural performance in March 2010, comprises of

a six storey over basement building extending to approximately 10,882 sq. m (117,132 sq. ft.).

This landmark building rests on a site extending to 0.32 HA (0.80 Acres) which has a frontage of

55 metres overlooking Grand Canal Square.

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8/12/2019 Dublin's BORD GAIS THEATRE - FOR SALE GUIDING 20 million

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CBRE Press Release

The Bord Gis Energy Theatre was conceived and is operated byLive Nation. Live Nation is an

international entertainment company, and the largest producer of live music concerts having

hosted 23,000 events in 2013 worldwide. Live Nation operate / own 148 venues across eight

countries, including The O2, Dublin, IrelandHollywood Palladium, Los Angeles, USAZiggo

Dome, Amsterdam, Holland Motorsport Arena, Sheffield, UK Theatre at Westbury, New

York, USAGibson Amphitheatre, Universal City, California, USAPalasport Olimpico, Turin,

ItalyApollo Theatre, Manchester, UK.

Since the opening of the Bord Gis Energy Theatre, Live Nation has hosted 1,178 performances

including some of the worlds most renowned productions which have included the Lion King,

Wicked, War Horse and Swan Lake. In 2012 the Bord Gis Energy Theatre produced a total

revenue of 7,649,438 which subsequently increased by 6% in 2013 to 8,099,106. The total

number of performances in 2014 is expected to rise, bringing the overall number of performances

held to 1,500 by year end.

According to the selling agents CBRE we anticipate a strong level of interest from local and

international investors and theatre operators. The market throughout 2012 and 2013 was

dominated by the sale of prime office buildings. Investors are now actively seeking to invest in

alternative assets such as residential, retail and leisure. The Bord Gis Energy Theatre is a trophy

asset which affords investors and operators a unique opportunity to acquire a world class

specialist asset offering considerable growth potential.

About CBRE Group, Inc.

CBRE Group, Inc.(NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the

worlds largest commercial real estate services and investment firm (in terms of 2013 revenue). The

Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investorsand occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic

advice and execution for property sales and leasing; corporate services; property, facilities and project

management; mortgage banking; appraisal and valuation; development services; investment management;

and research and consulting. Please visit our website at Please visit our website atwww.cbre.com.

In Ireland, with offices in Dublin and Belfast, CBRE is the countrys largest commercial real estate services

company, now employing over 130 employees and offering a full range of property services including

property sales and acquisitions, leasing and management, investment, corporate services, debt advisory,

project management, consultancy, valuations and research. Please visit our website at www.cbre.ie or

www.cbre.ie/ni

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