Commerz Real has acquired an office property covering 13,700 square meters (147,465 square feet) in the Irish capital of Dublin for its Hausinvest open-ended real estate fund for €152.3 million ($175.7 million). The seller of 1&2 Dockland Central is the Hibernia REIT plc.
“With the very good quality of the building, the renowned tenants and the outstanding location, 1&2 Dockland Central is a successful entry into the Irish real estate market for Hausinvest,” said Maja Procz, global head of transactions at Commerz Real.
As the capital of the only English-speaking country in the EU and as a consequence of the wide talent pool, the numerous leading universities, as well as the favorable business conditions, Dublin is a very attractive location for international companies.
1&2 Dockland Central is located on the northern quayside of the River Liffey in the North Docks district and is thus part of the expansion of Dublin’s financial center. The doc
