Green REIT has exchanged contracts to buy an office building at 13-17 Dawson Street, Dublin, for €23m (£18.4m).
The building, previously owned by Shelbourne Properties, was bought out of receivership from Mazars.
The office has frontage on both Dawson Street and Molesworth Street, and represents a “prime redevelopment opportunity”, subject to planning permission, according to a statement from Green REIT this morning.
Patrick Curran of BNP Paribas Real Estate handled the sale.
Pat Gunne, chief executive of Green Property REIT Ventures, said: “This acquisition presents us with another very exciting Dublin city centre redevelopment opportunity in the heart of Dublin’s CBD, at a time when there is a stark shortage of supply of quality office space in the city centre.”
sophia.furber@estatesgazette.com
