Independent investment and asset manager KGAL has made its entry into the Irish real estate market with the purchase of the Golden Lane office property in the capital, Dublin.
The vendor is Dublin-based Irish real estate investment and development company Mm Capital.
The investment represents a further step forward in the company’s internationalisation strategy, KGAL said in a statement. The property will be added to a special, pan-European real estate fund comprising 24 properties in Germany, Austria and Hungary.
'Dublin has been performing well for years in one of the most important office markets in Europe. We are delighted to have expanded our international market presence with this commitment,' said André Zücker, managing director of KGAL Investment Management & Co.
The Golden Lane office building was completely renovated in 2017/18 and offers open-plan office areas let on a long-term basis in Dublin’s city centre.