Avestus Capital Partners has completed the acquisition of Classon House, a high quality office property located in Dundrum Business Park, Dublin 14, 5 kms south of Dublin city centre. The 75,000 sqft block has 27 suites wrapped around a full height central atrium. The attractive tenant mix provides strong rental income, asset management opportunities and a highly reversionary rental profile. The property represents the latest acquisition of a joint venture investment programme with Ares following the acquisition of three high quality Dublin office properties in 2016.
As well as identifying the opportunity and managing the acquisition process, Avestus Capital Partners will provide ongoing asset management services.