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Sign in Sign up for a FREE subscriptionREInvest invests in Dublin for the first time with €65m acquisition from Henderson Park
Luxembourg real estate asset manager REInvest Asset Management S.A. has invested in a property in Dublin for the first time in the company's history.
The prime office building, 5 Harcourt Road, was acquired for €65 million ($66 million) from HendersonPark, a pan-European private equity property manager based in London. 5 Harcourt Road is fully let on a long-term basis to WeWork.
The property was acquired for the DEREIF SICAV-FIS fund which invests in European real estate. The main investor in the Luxembourg-based real estate special fund is a major German insurance company.
Completed in 2018 and certified with the LEED Gold real estate sustainability accreditation, 5 Harcourt Road, is situated in the developing urban core where suburban Rathmines and South Circular Road meet Dublin city center. The district runs south of the River Liffey which divides Dublin in two parts, not far from the public green spaces of Iveagh Gardens. In addition to
