Real estate fund manager TRIUVA has acquired a newly built office building in central Dublin for a German pension fund.
Triuva said it bought the fully leased No.1 Dublin Landings from the joint venture vendor Ballymore Oxley, on behalf of the separate account mandate, for an undisclosed sum.
Triuva, which became part of Patrizia Immobilien in November last year, said the acquisition is part of its strategy to invest in core assets in Europe’s major cities.
Manuel DeVigili, the head of investment management at Triuva, said: “This property’s outstanding construction quality makes No.1 Dublin Landings a premium investment in the Dublin office market for our client.
”Dublin offers an attractive risk-reward profile in a European context.”