Henderson Park, the European real estate investment platform, is pleased to announce that it has unconditionally exchanged contracts for the sale of 2 Burlington Road in Dublin city centre, to German real estate fund manager KGAL Investment Management, on behalf of a pan-European real estate special AIF, for €94 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 sqm (85,300 sq ft) freehold corporate HQ 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.
Source : Company