26.02.2020

KanAm Grund Group purchases One Upper Hatch Street in Dublin

KanAm Grund Group bought the fully let office building One Upper Hatch Street in the Irish capital Dublin for one of their special real estate funds. The main tenant is Deloitte. This property is a flat-roofed office building with around 2,700 square meters of office space spread across one ground and seven upper levels. Above the second upper level, the building is tapered, offering adjacent terraces. One Upper Hatch Street is located around 400 meters or 5 minutes south of St Stephens Green. The city center with its famous Grafton Street shopping precinct is only a 10 minutes’ walk away. The building was purchased for the KanAm Grund European Cities HP, which is part of the growing family of KanAm Grund Group special real estate funds. It has been agreed to keep the sales price confidential.

One Upper Hatch Street was totally refurbished and updated in 2008. It is located in Dublin 2, a neighborhood dominated by historic buildings, most of which offer only restricted floor space. Due to listed statuses and small buildings, there is only limited scope for new developments in the direct proximity. The location offers excellent transport connections, benefiting greatly from the opening of the Luas Green Line in 2004. The Harcourt stop is only 200 meters from the property. With the completion of the Luas Cross City extension in June 2017, this micro location has become even more easily accessible for commuters from the North of Dublin.

The main tenant of the property is the Irish daughter of Deloitte NSE LLP, a member company of Deloitte Touche Tohmatsu Limited, each of whose members are legally separate and independent companies. The remaining part of the building is let to the Irish subsidiary of a US tax and financial services company.

The KanAm Grund Group is currently serving institutional investors with a growing family of special funds in line with German and Luxembourg laws, as well as separate account mandates. The KanAm Grund Group thus covers a huge breadth of risk classes with funds following strategies from Core, Core+ and Value Add to Opportunistic. The latest special real estate fund in this family is the KanAm Grund European Cities KI, which has already purchased an office building in Lyon this year.

 

 


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