Union Investment pays €190m for newly built Dublin office asset

Related Asset Managers

Union Investment has acquired a €190m Irish office asset for its open-ended real estate fund UniImmo Europa.

The Hamburg-based real estate investment manager said it has acquired the fully-let 5 Hanover Quay office property in Dublin’s South Docklands district from developer TIO South Docks Fund. The property was built in 2018.

The latest acquisition is the UniImmo Europa fund’s third office property in Dublin.

Following the acquisition of 5 Hanover Quay, Union Investment now holds five commercial properties in Dublin worth over €620m in total.

Martin Schellein, head of investment management Europe at Union Investment Real Estate, said: “The Docklands area of Dublin is one of the most dynamic office markets in Europe at the moment.

“The existing tenants, DocuSign International and Aptiv Global Operations, are both well-established, successful businesses, which lends added investment security.”

Related images

  • 5 Hanover Quay

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-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

Begin Your Search Now