Eversheds Sutherland has advised KanAm Grund Group on the purchase and financing of four historic buildings at 30-33 Molesworth Street, Dublin 2.
An international Eversheds Sutherland team, led by Cian MacGinley (real estate partner) and Darragh Blake (banking and financial services partner) from the Dublin office, advised the special real-estate fund on the cross-border transaction, from Ireland to Germany, and England to Luxembourg.
Seller
The seller was Henderson Park, a pan-European private equity, real-estate company based in London.
Helaba London Branch, the British arm of a Frankfurt firm, financed the purchase.
The fully-let portfolio holds approximately 5,300 sq metres of office space across four independent buildings.
The buildings date from the mid-19th century and have been refurbished over the last 20 years, with some completely rebuilt, retaining only the facade.
Among the tenants are Savills Commercial Ireland, and the corporate law firm Maples Group.
Portfolio
The portfolio was bought for the special real-estate fund KanAm Grund European Cities KI, which is used especially by German banks Sparkassen (savings) and Volksbanken (co-operative).
The Eversheds Sutherland team also comprised Carolin Glänzel (finance counsel, Munich), Dr Stefan Schramm (finance partner, Hamburg,) and finance partners Holger Holle (Luxembourg/Munich), and Robert Ludwig (London).