Global real estate investment management firm Heitman has acquired a portfolio of residential assets located throughout the city centre of Dublin, on behalf of an affiliate of the firm.
Financial details were not disclosed.
The acquisition comprises 27 fully-occupied assets, with a total of 214 apartment units and three retail units. The assets include a range of studio, one- and two-bedroom units in close proximity to city centre Dublin, in areas such as Broadstone, Clontarf, Rathmines, Rathgar, Ranelagh and South Circular Road.
'Dublin has changed immeasurably in the last decade and attracts a wide range of international businesses and young professionals alike,' said Tony Smedley, Heitman managing director and head of European private equity.
'Being such an important growth city in Europe, we are delighted to add these residential assets to our portfolio. This living sector portfolio further diversifies our strategy and stands to benefit from the combination of limited residential deliveries in the market and continued demand for housing in Dublin,' Smedley concluded.
