Google Ireland, the Dublin-headquarted arm of the global tech giant, has purchased two office assets in Dublin from real estate investment company Kennedy Wilson.
Financial details were not disclosed.
The properties, South Bank House and The Warehouse, Dublin 4, provide around 80,000 ft2 (7,430 m2) of office space.
'Strong execution of value-enhancing asset management initiatives across both South Bank House and The Warehouse, alongside the thriving redevelopment of the Barrow Street area, have culminated in this successful sale,' said Alison Rohan, head of Ireland at Kennedy Wilson Europe.
Situated on Barrow Street in Dublin’s South Docks, South Bank House was completed in 2006 and comprises 62,000 sq ft of Grade A offices. The Warehouse comprises a 19th century, three-storey warehouse building over 19,500 ft2 that was recently refurbished to provide modern office space.
Both assets are leased in their entirety to Mason Hayes and Curran, a leading Dublin law firm with offices in London, New York and San Francisco.
The two properties were acquired by Kennedy Wilson in July 2013 and sit adjacent to Boland’s Quay, a mixed-use development due to complete in Q1 2020, which was also acquired by Google in May 2018.
'We are very pleased to complete the acquisition of South Bank House and The Warehouse on Barrow Street, which we’ve called home now for 15 years. Google continues to be committed to Ireland and our real estate presence and portfolio continues to grow to meet the needs of our business,' concluded Joe Borrett, director of real estate and construction at Google.
