Real estate fund manager has acquired a newly built office building in central Dublin for a German pension fund.
Triuva said it bought the fully leased No.1 Dublin Landings from the joint venture vendor Ballymore Oxley, on behalf of the separate account mandate, for an undisclosed sum.
Triuva, which became part of Patrizia Immobilien in November last year, said the acquisition is part of its strategy to invest in core assets in Europe鈥檚 major cities.
Manuel DeVigili, the head of investment management at Triuva, said: 鈥淭his property鈥檚 outstanding construction quality makes No.1 Dublin Landings a premium investment in the Dublin office market for our client.
鈥滵ublin offers an attractive risk-reward profile in a European context.鈥�
