ESR Europe, the European platform of ESR Group, has sold Ruby Molly, a prime hotel development in Dublin City Center, to Deka Immobilien for approximately €86 million ($90 million).
The Ruby Molly asset was owned through ESR Europe Active Real Estate Fund IV, a discretionary value-add fund series targeting Western Europe that utilizes a thematic, strategy led investment approach.
The sale announcement follows ESR Europe’s disposal of an Irish residential development in January 2025 for €159.7 million ($166.8 million), also owned under ESR Europe Active Real Estate Fund IV, bringing the total combined realization in Dublin to about €246 million ($257 million) in 2025 so far.
Comprising a 272-key pre-let hotel development, the asset was initiated in third quarter 2021 following the exercise of an option to acquire the land. Located on Arran Street East, the property comprises both a hotel and separate ground floor retail unit, situated in Dublin’s histor
