Avestus Capital Partners has completed the acquisition of three high quality Dublin office properties which have a variety of attractive features with existing blue chip tenants providing strong rental income, lease-up opportunities and a highly reversionary rental profile. The properties represent the initial acquisitions as part of a joint venture investment programme with Ares.
One Kilmainham Square is a 71,000 sqft modern office located in Kilmainham’s historic tourist hub, opposite Kilmainham Gaol. Tenants include international brands Heineken, Parexel and Klas Telecom.
51-54 Pearse Street is a 26,000 sqft modern headquarters building built behind a Georgian façade in close proximity to Trinity College in central Dublin. It was designed and is occupied by Henry J Lyons, a leading international architecture practice.
Magennis Court is an 18,000 sqft Grade A office building adjacent to 51-54 Pearse Street. The property is fully let and offers modern open floor plates in a Dublin city centre location.
As well as identifying the opportunities and managing the acquisition process, Avestus Capital Partners will provide ongoing asset management services.