Irish property investment and development firm Mm Capital has confirmed its acquisition of 31-36 Golden Lane in Dublin from GE Capital for €22m (£19.4m). The 31,000 sq ft office building has been fully prelet to US digital intelligence company New Relic.
Mm Capital completed the acquisition with 90% debt funding from Fairfield Real Estate Finance.
The deal includes the acquisition and extensive redevelopment and refurbishment of the office property.
New Relic is due to take up residency in 2018, with Dublin serving as the company’s EMEA headquarters.
The property is situated just off George’s Street, Dublin 2 – strategically located in a core public transportation area of the city.
Savills Ireland advised Mm Capital and Fairfield Real Estate Finance.
To send feedback, e-mail Louisa.Clarence-Smith@egi.co.uk or tweet @LouisaClarence or @estatesgazette
