Hong Kong-based Peterson Group and Hines, have acquired the Central Bank buildings on Dame Street and 2 Grand Parade in Dublin 6 for HK$2bn (£211m).
The acquisitions are Peterson Group’s first foray into the Irish property market and its first partnership with Hines.
The sale includes the adjoining annex, Commercial buildings and 6-9 College Green.
Originally constructed in 1962, 2 Grand Parade was the headquarters of the PJ Carroll Cigarette Company and subsequently Irish Nationwide Building Society, but is now fully leased to Amazon. The site includes an eight-storey, 52,000 sq ft office building.
Hines Europe chief executive Lars Huber said: “Ireland is an important market for Hines and these latest acquisitions complement our existing portfolio and enhance our market share. We look forward to working with Peterson Group to deliver value add strategies for these landmark buildings.”
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