Grosvenor subsidiary partners with Fine Grain Property for Irish business park investment

Grosvenor Diversified Property Investments (GDPI), a subsidiary of Grosvenor Group, and Fine Grain Property, an Irish international commercial real estate investor and operator, have invested in FGPO Ireland Fund III, a fund dedicated to the provision of contemporary workplace communities in business parks across Ireland.

The portfolio is seeded by Waterside, a development of five headquarter office buildings, located in the Citywest Business Campus in Dublin. Waterside, which covers 219,300 square feet, also holds planning permission for three more buildings, providing an additional 180,000 square feet of space and scope for future expansion.

Both Grosvenor and Fine Grain Property share a focus on sustainable investing. This marks GDPI’s debut investment in Ireland.

“This new partnership forms part of our global expansion plans and establishes exposure to a key European commercial market,” said Andy Yates, CIO of GDPI. “Asset quality, a clear focus for