EMEA - IRL - West Pier Business Campus - 2023
Old Dunleary Road, Dublin, Co. DUBLIN, A96 F8C0, IE
10,000 제곱미터
The Opportunity comprises of a freehold interest in two office buildings, (Buildings A and B) and part of the shares in a separate building (Building C) through a condo ownership structure, with a total GLA of ~30,000 sqm.
Buildings A and B are situated on the same parcel of land and is offered free and clear.
Situated on an adjacent land plot, Building C1 / C2 has a condominium ownership structure.
This is a unique opportunity to acquire a fully occupied corporate office campus consisting of ~30,000 sqm in Parco de' Medici, with the potential for near term redevelopment.
The asset is well connected with a train station only minutes away, and direct access onto the A91, which connects to the G.R.A. By car, it takes ~30 minutes to reach the city centre, and ~10 minutes to Fiumicino airport.
The transaction proposed is a sale-leaseback with Technip Energies Italy S.p.A., whom is the sole tenant, while they secure and develop a new campus. Technip is a multinational leading engineering and technology company, focused in the energy transition space.
In a surrounding node which has seen similar vacant offices trade to buyers with an opportunistic approach and plans for redevelopment, this opportunity provides investors with the flexibility to tailor their investment strategy.