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 9
TH
JULY 2014

PRESTIGIOUS DUBLIN THEATRE TO ATTRACT INVESTOR APPETITE
EXCLUSIVE

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 of 20,000 000 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. This
premiere 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.





CBRE Press Release

The Bord Gis Energy Theatre was conceived and is operated by Live 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, Ireland Hollywood Palladium, Los Angeles, USA Ziggo
Dome, Amsterdam, Holland Motorsport Arena, Sheffield, UK Theatre at Westbury, New
York, USA Gibson Amphitheatre, Universal City, California, USA Palasport Olimpico, Turin,
Italy Apollo 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, investors
and 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 at www.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