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Eversheds Sutherland advises KanAm Grund Group on the purchase of historic Dublin office buildings

  • Ireland
  • General

31-08-2020

Global law firm Eversheds Sutherland 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 all legal aspects of this cross-border transaction, from Ireland to Germany, and England to Luxembourg.

The seller was Henderson Park, a pan-European private equity real estate company based in London. Helaba London Branch, the UK branch of a financial services provider, whose head office is in Frankfurt, Germany, financed the purchase.

The fully-let portfolio offers approximately 5,300 square metres of office space across four independent buildings. The buildings all date back to the mid-19th century and have undergone comprehensive refurbishment over the last 20 years; some were completely rebuilt, retaining only the old facade.

Among the tenants of the portfolio are Savills Commercial Ireland and the corporate law firm Maples. 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 international Eversheds Sutherland team comprised members from Ireland, Germany, Luxembourg and the UK. The team was led by Cian MacGinley (Partner, Dublin, Real Estate) and Darragh Blake (Partner, Dublin, Banking and Financial Services) and Carolin Glänzel (Counsel, Munich), Dr. Stefan Schramm (Partner, Hamburg, both Finance), Partners Holger Holle (Luxembourg/Munich), and Robert Ludwig (London, all Finance).

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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