Irish Life Investment Managers has completed the sale of Block A, Riverside IV in Dublin, a prime office building located in Dublin’s south docklands, to German investor Deka Immobilien Investment GmbH for a price in the region of €164 million ($200 million).
Riverside IV is a class A, seven-story office building extending to approximately 133,800 square feet. The building was originally designed by RKD Architects and developed in 2007. The building is fully occupied by Matheson, Ireland’s largest law firm, which committed to a new long-term lease in April 2020. Riverside IV is situated in a prime waterfront position in Dublin’s South Docklands with more than 65 meters (213 feet) frontage to the River Liffey.
The South Docklands is a highly sought-after location by both occupiers and investors, and this transaction illustrates the strong demand from international investors for core office investments in Dublin.
Martin O’Reilly, head of property at Iris
