Blackstone sells office complex in Dublin business center

Union Investment has acquired blocks A and B of the Parkgate Business Centre in Dublin from real estate funds managed by Blackstone. The business center comprises four separate office units. The acquired buildings A and B are fully let to Transport Infrastructure Ireland (TII), a state-owned enterprise responsible for sustainable transport infrastructure and services. The acquisition is being made on behalf of open-ended special real estate fund DIFA-Fonds Nr. 3. The purchase price was not disclosed.

Parkgate Business Centre benefits from excellent transport links. It is within walking distance of Heuston Station, one of Dublin’s busiest commuter stations after Connolly Station. The nearest tram stop is also located at Heuston Station, making it possible to reach the Docklands district in around 15 minutes. The airport is approximately 20 minutes away by car.

“This attractive downtown location is expected to improve even further in the coming years thanks to planne