Eagle Street acquires office building in Dublin

Eagle Street acquires office building in Dublin
Boole House, a 42,000 sq. ft. commercial office in Beech Hill Office Campus in Clonskeagh

Eagle Street Partners has acquired Boole House, a 42,000 sq. ft. commercial office in Beech Hill Office Campus in Clonskeagh, Dublin 6.

Eagle Street said this acquisition brings the firm’s office space in South Dublin over 100,000 sq. ft., alongside 1,256 residential units for development in Dublin’s North Docklands in joint ventures with institutional partners.

Since launching in late 2020, Eagle Street has committed capital in excess of €650 million across the residential and commercial sectors in the UK and Ireland.

Currently vacant with refurbishment plans being put in place, Boole House, within close proximity to University College Dublin (“UCD”) campus, is located in an area where a number of companies in the life sciences, technology, and financial services sectors have a presence.

The property enjoys excellent transport connectivity, with Dublin City Centre only 4km away and the Luas green line and Dublin Bus stops within short walking distance, while also benefitting from 119 car parking spaces.

Commenting on the transaction, Eagle Street Co-Founder and CEO, Shane Scully, said: “The Boole House acquisition is an important milestone in delivering Eagle Street’s investment strategy in this location, complementing two similar buildings acquired last year. Situated near the UCD campus and with an established tenant base, we are expanding our presence in this part of Dublin and excited by the opportunity to enhance the offerings in the area over the coming months. I would like to thank everyone involved in this transaction, which exchanged and completed simultaneously last week, including the team at Capitalflow for providing senior financing for the acquisition.”

Representing the first acquisition by Eagle Street since the sudden passing of its Chairman Justin Bickle in July, Mr. Scully commended his co-founder, saying: “As an unrivalled force in real estate across Ireland and the UK, Justin brought immense energy to the table. A trusted partner and close friend to all at Eagle Street, we know he would be proud of the company’s continued momentum across all platforms to deliver the vision and business plan he helped establish.”