Meyer Bergman has invested €110m in Dublin’s retail property sector for its third European Retail Partners fund.
The investment manager bought high street buildings and retail units in Dublin’s central shopping district in two deals.
The company partnered with BCP Private Equity and BCP International Property Fund.
Markus Meijer, Meyer Bergman’s chief executive, said: “Retailers are struggling to find stores in down-town Dublin with enough space for their new formats, so we aim to reposition these properties through extensions, re-development and refurbishment.”
He said the area would “benefit hugely” from increased footfall from Dublin’s Luas Cross City tram-line, which opens next year.
“We are actively looking for more opportunities like these to invest in this area,” he said.
The assets are being used to seed MBERP III, which also holds a portfolio of high street shops and department stores in central Oslo, retail properties in France and a development site in London.