The Munich-based family office AM alpha, which specializes in joint real estate investments with private and institutional investors, has acquired 76 Sir John Rogerson’s Quay in Dublin – a newly developed partially let prime office building in Dublin 2 – The purchase price was not disclosed.
76 Sir John Rogerson’s Quay is a Grade A, 8 story modern office building located in the heart of Dublin’s South Docklands. The building is the latest addition to the area, where it holds a prime position on the waterfront of Dublin’s River Liffey.
The highly sought-after office location is close to excellent transportation links and next to Grand Canal which offers attractive retail amenities for employees. Occupiers in the South Docklands include State Street, Indeed, Accenture JP Morgan and Facebook.
Developed by TIO, 76 Sir John Rogerson’s Quay extends to approximately 92,600 sq. ft. The blocks are finished to the highest standard and were built with a focus on sustainability, achieving LEED Gold Certification and BER A3. Block A is partially let to Rabobank who occupy 3 of the 8 floors, in addition to Algebris Investments who occupy part of the ground floor.
This acquisition marks another milestone in the history of AM alpha’s ventures in the Irish office property market. The group previously owned Riverside II which they sold in 2013 to IPUT. More recently, they also acquired Northside Shopping Centre in Dublin’s Northern Suburbs.
Martin Lemke, Managing Director at AM ALPHA said: “We are very delighted to have completed the acquisition of 76 Sir John Rogerson’s Quay, a magnificent Grade A office building with undisturbed river-fronting panoramic views. The newly developed mixed-used office & residential block provides one of the last waterfront opportunities in the south docklands.
Due to the prominent location, the quality of the building and the strong fundamentals of the Dublin office market, we are confident in the ability to attract the best tenants for this project very soon.
This latest acquisition is strongly aligned to our value-add investment strategy and we will remain focused on growing our portfolio further across Europe as well as in the Asia-Pacific Region.”
AM alpha is a Munich-based privately owned real estate family office that focuses on global investments in real estate on its own account and in collaboration with family offices, private clients and endowments in Europe and Asia. Its Asian operations are headquartered in Singapore, with offices in gateway cities in the Asia-Pacific region. AM alpha is regulated under German BaFin. The real estate firm is currently managing a substantial portfolio in Asia-Pacific and Europe.
Eastdil Secured advised TIO.