German investor fund offers over €160m for Dublin docklands office block

No 1 The Landings deal set to close in early 2018 when block reaches ‘practical completion’

Dublin Landings: a computer-generated image of one of the most important regeneration projects ever undertaken in Dublin. The agreed sale of Dublin Landings is proof of the depth of investor demand for the right product

Dublin Landings: a computer-generated image of one of the most important regeneration projects ever undertaken in Dublin. The agreed sale of Dublin Landings is proof of the depth of investor demand for the right product

German institutional investor Triuva is closing in on a deal to buy the first of five office buildings being developed in the Dublin docklands by Irish property company Ballymore and its Singapore partner, Oxley.

The fund has emerged as the highest bidder at €164 million for No 1 The Landings, which attracted 10 bidders – one Irish, four European, one Middle Eastern and four Asian. The deal is expected to close in February or March when the 10-storey block on North Wall Quay reaches “practical completion”.

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