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Bank of Ireland Life offers investors the opportunity to invest in exclusive new Paris property

31-Jul-07

    Bank of Ireland Life today (31st July 2007) is pleased to offer Irish investors with the unique opportunity to invest in an exclusive commercial property in the centre of Paris.

    44 rue de Lisbonne, Paris is a remarkable 4,140 m2 commercial property situated in the heart of the Paris Golden Triangle. The office building, complete with a stunning Haussmanian facade, has recently been completely refurbished incorporating a modern contemporary interior.

    The demand for commercial property in France is significant, with Parisian office space in particular in strong demand. The French experience is typically one of low vacancy levels with a limited office development pipeline, making 44 Lisbonne a prime opportunity for investors looking to tap into the high growth potential of commercial property investment.

    Commenting on the launch, Bernard Walsh, Head of Investments, Bank of Ireland Life said, 44 Lisbonne satisfies all of the rules of successful property investment; it is excellently located, superbly fitted out to suit the headquarters of professional clients, and it has high growth potential in rental yields.

    44 Lisbonne is well serviced by public transport and quality roads, and has the rare advantage of an underground car park, while nearby restaurants, hotels, shops and Park Monceau add to the surrounding environment. This makes the property an excellent location for potential clients and investors alike.

    As an asset class, commercial property can provide distinct advantages to investors as it has historically low volatility relative to equities. It can also provide attractive returns in growing markets, and it can help to diversify an investor's portfolio, which in turn reduces their overall exposure to risk. Bank of Ireland Life invites investors with a minimum of €50,000 to take advantage of this once in a lifetime opportunity to invest in 44 rue de Lisbonne.

    Rarely does a property of this quality present itself to investors - with excellent rental growth potential, situated in the core Central Business District of a European capital city that has a good economic outlook and a high demand for office space, concluded Bernard Walsh.

    ENDS

    For further information contact:

    Anne Mathews
    Media Relations Manager
    Bank of Ireland
    Tel:01 604 3836
    Mob:087 2460358

    Bernard Walsh
    Head of Investments
    Bank of Ireland Life
    Mob:087 9678911

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