Price paid represents 40% discount on valuation ascribed to prime city centre office block in 2018
French investor Atland Voisin has made its first investment in Ireland’s commercial real estate market, paying about €24 million for “20 on Hatch”, a prime office building on Lower Hatch Street in Dublin city centre.
The subject property comprises a six-storey-over-basement office building of 44,735sq ft , with the majority of the space leased to the global financial services provider MetLife. The medical-device specialist Medtronic had occupied a floor in the building up until recently but has since relocated its principal executive office to its operations at Parkmore Business Park in Galway as part of a cost-saving exercise.
Investment Bnp-Paribas-Real-Estate Savills Dublin-2 Medtronic Hatch-Street
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