German investor in €40m deal for Dublin city office block

Deka-Immobilien News

German investor in €40m deal for Dublin city office block
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Deka Immobilien secures building in face of competition from several other international investors

Deka Immobilien has seen off competition from several other international investors to secure ownership of 40 Molesworth Street. The German-headquartered company is understood to have paid State Street Global Advisors about €40 million for the property, a prime office building located in the heart of Dublin’s central business district.

The Irish Times understands the vendors had earlier rejected a lesser offer submitted by another party. The investor in question did not partake in the final bidding process. Bruce Springsteen’s first Irish gig of 2024: The Boss kicks off in Belfast with No Surrender, then builds a momentous setBody of dead man may have lain undiscovered in Co Cork flat since ChristmasToday, the former home of the European Commission comprises 2,770 sq m of office space over six floors, along with a ground and basement retail unit extending to over 339 sq m .

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