Union Investment acquires Gandon House in Dublin

Union Investment has acquired Gandon House, a 3,600-square-meter (38,750-square-foot) office property at 1 Amiens Street in Dublin. 

The vendor is a property company represented by CBRE. The purchase price was not disclosed.

The property was constructed in 1972 and has been fully let to the Office of Public Works (OPW) since 1979. The OPW is an agency of the Department of Public Expenditure. It is responsible for the management and maintenance of public properties, the operation of national monuments and flood risk management.

The acquisition will be added to the holdings of open-ended special real estate fund DIFA-Fonds Nr. 3.

“Shortly after its recent acquisition of a 3,500-square-meter [37,000-square-foot