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Eversheds Sutherland advises KanAm Grund Group on the purchase of an ensemble of historic buildings in Dublin

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    28-08-2020

    Hamburg/Munich, 28 August 2020 – An international Eversheds Sutherland team has advised KanAm Grund Group on the purchase and financing of the ensemble of historic buildings at 30-33 Molesworth Street in Dublin for one of its special real estate funds. Helaba London branch has financed the purchase of the building complex. The seller was Henderson Park, a pan-European private equity real estate manager based in London. It has been agreed to keep the sales price confidential.

    The fully let portfolio in the Irish capital with approximately 5,300 square metres of office space consists of four independent 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. Molesworth Street in the direct proximity of Trinity College and only a few hundred metres away from the Irish Parliament is one of Dublin's most prestigious office addresses. 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 savings banks (Sparkassen) and people's banks (Volksbanken).

    Eversheds Sutherland advised the internationally operating real estate specialist based in Frankfurt am Main on all legal aspects of the cross-border transaction.

    KanAm Grund Group was advised by an international Eversheds Sutherland team from Germany, Ireland, Luxembourg and the UK led by Carolin Glänzel (Counsel, Munich) and Dr. Stefan Schramm (Partner, Hamburg, both Finance) as well as Cian MacGinley (Partner, Dublin, Real Estate). The team further included Partners Holger Holle (Luxembourg/Munich), Darragh Blake (Dublin) 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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