German investment manager KanAm Grund Group has acquired a fully-let office building One Upper Hatch Street in Dublin for one of its special funds, the KanAm Grund European Cities HP.
Financial details were not disclosed.
This property is a flat-roofed office building with around 2,700 m2 of office space spread across one ground and seven upper levels. The main tenant is financial services firm Deloitte, with the remaining part let to the Irish subsidiary of a US tax and financial services company.
One Upper Hatch Street was totally refurbished and updated in 2008. It is located in Dublin 2, a neighborhood dominated by historic buildings, most of which offer only restricted floor space, according to KanAm.
KanAm Grund fund series has been growing in recent months to meet the investment objectives of its clients. Its latest special fund is the KanAm Grund European Cities KI, which purchased an office building in Lyon earlier this month.