Henderson Park has unconditionally exchanged contracts for the sale of 2 Burlington Road in Dublin city center to German real estate fund manager KGAL Investment Management, on behalf of a Pan-European real estate special AIF, for €94 million ($111 million).
The prime Dublin office building, which formed part of Henderson Park’s acquisition of Green REIT plc in November 2019, comprises a 7,924-square-meter (85,300-square-foot) freehold corporate headquarters occupied by Allied Irish Bank, with seven years remaining on the lease. The property is strategically located in the heart of Dublin’s traditional CBD.
Nick Weber, founding partner and CEO, Henderson Park, said, “The sale of Burlington Road is consistent with our intended business plan and enables us to accelerate investment into our Irish development pipeline. Despite the challenges presented by COVID-19, this asset attracted significant interest from major international real estate investors, highlig
