European real estate investment platform Henderson Park has sold an office building, 30-33 Molesworth Street, in Dublin city centre, to German real estate fund manager, KanAm Grund Real Estate Asset Management (KanAm Grund Group).The purchase price was not disclosed.
30-33 Molesworth Street comprises 5,300 sq m (56,921 sq ft) in two redeveloped and refurbished buildings along with two Georgian buildings, strategically located in the heart of Dublin’s traditional CBD.
30-33 Molesworth Street is home to Maples Group and Savills, along with a number of other Irish and International companies. Number 32 achieved LEED Gold accreditation for its sustainable design when it was completed and let to Maples Group in 2018.
“30 to 33 Molesworth Street is the second asset sale from our Capital Collection and we are pleased to conclude this sale with an international real estate investor of the standing of KanAm Grund Group. Their investment again underscores international confidence in the Irish commercial property market and in Ireland’s long-term economic prospects. Ireland remains a key investment market for Henderson Park and we now have a proven and experienced team and a permanent operating presence in Dublin. We expect to generate further liquidity from the remaining assets within the Capital Collection and to use proceeds to invest in our Irish development pipeline,” said Nick Weber, Founding Partner and CEO, Henderson Park.