Amundi Real Estate has marked its entry into the Irish property market with the acquisition of an office project in Dublin.
The French asset manager said it has acquired the Fitzwilliam 28 asset on behalf of a fund it manages, without disclosing any financial information.
The asset has been reportedly sold for about €180m by ESB Commercial Properties after being put up for sale earlier this year with a €168m guide price.
Amundi said the office asset, currently in the final stages of construction, has been pre-let to Slack Technologies to be used as the company’s new EMEA headquarters.
Located between Merrion & Fitzwilliam Squares, the Fitzwilliam 28 assets offers office accommodation over 8 floors.
Jean-Marc Coly, CEO of Amundi Real Estate, said: “We are initiating our exposure in Ireland with this first acquisition in Dublin of a new building built to the best environmental standards in a central location within a dynamic ecosystem of occupiers operating in the digital economy.
“It is in line with our European diversification strategy and demonstrates our commitment to the environment while meeting our ESG criteria.”
To read the digital edition of the latest IPE Real Assets magazine click here.