Eagle Street picks up prime Dublin offices

Pan-European real estate investment and asset manager Eagle Street Partners has acquired two prominent, fully-let blocks at Richview Office Park in Clonskeagh, Dublin 6. 

Financial details were not disclosed.

Combined, the blocks total more than 61,000 ft2 (5,700 m2) over three floors and represent some of the most desirable workplaces in South Dublin. Eagle Street purchased the office blocks off market.

The offices are 4 km from Dublin city centre, enjoy good transport connectivity and benefit from 150 car parking spaces.

Eagle Street CEO Shane Scully said: 'Since inception in late 2020, Eagle Street has committed €150 mln in invested capital towards offices, hospitality, and residential development real estate projects in the UK and Ireland.

'The properties at Richview Office Park adjoin UCD Sports and University Campus and interconnect with Founders District & Beech Hill business parks, highlighting the location as a major South Dublin employment hub and emerging area for life sciences.

'It builds on our earlier purchase at St Vincent Street in Glasgow as we continue to implement our pan-European business strategy across our verticals and take advantage of our ability to execute attractive investments off market.'

The Glasgow site consists of almost 70,000 ft2 of commercial space arranged over basement, ground and nine upper levels and was extensively refurbished in 2017.

Eagle Street said it was actively seeking new investment opportunities in the UK and Ireland. Its office acquisitions so far total over 350,000 ft2 and include tenants such as GlaxoSmithKline, Accenture, and Hertz Europe.

 

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