Singapore’s Mapletree acquires first office building in Dublin

Related Asset Managers

The property investment arm of Singapore’s state investment fund has acquired its first office building in Dublin, Ireland.

Mapletree Investments said it has entered into a forward purchase agreement to acquire the Sorting Office, a 210,000sqft eight-storey building, from Irish property developer Marlet Property Group for an undisclosed sum.

Michael Smith, Mapletree Investments regional CEO, Europe and US said: “We are excited about this opportunity as we have been exploring the Dublin office market for a few years, attracted by the robust tenant demand that has been driven by the city’s strong focus on information and communication technology.”

Mapletree owns and manages S$55.7bn (€36.1bn) of office, retail, logistics, industrial, residential and lodging properties, located across 12 economies globally.

To date, the group has invested around S$2.3bn in four offices and one business park in the UK as well as a suburban office building in Munich, Germany. Mapletree has also recently added an office building in Warsaw, Poland to its portfolio.

Mapletree said it will continue to build its portfolio of European Grade A office properties, in “highly liquid, developed markets with attractive yield spreads and anchored by strong economic and property fundamentals”.

Related images

  • The Sorting Office

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2543

    Asset class: Search of an Asset manager / Advisor managing / Advising a risk-based equity derivatives overlay program.
    Asset region: Global Developed Markets Equities, Global Emerging Markets Equities, Swiss Equities.
    Size: CHF 700-2100 million.
    Closing date: 2019-06-17.

  • QN-2544

    Asset class: Transitional Real Estate Debt.
    Asset region: North America (USA/Canada).
    Size: $50-100mn.
    Closing date: 2019-06-17.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Now