UK property firm Henderson Park Capital is seeking more than €400m from the sale of five prime Dublin offices acquired as part of its €1.34bn buyout of Green REIT.
It has retained Eastdil Secured to advise on the sale of ‘Capital Collection’ in one or more lots. The portfolio includes One Molesworth Street, 2 Burlington Road, 5 Harcourt Road, 30 to 33 Molesworth Street, and Fitzwilliam Hall.
Eastdil previously acted for Henderson Park on its purchase of Green REIT last year.
Christophe Kuhbier, managing director at Henderson Park, said: “Henderson Park is committed to the Irish real estate market for the long-term. Our focus as an active asset manager is to identify assets where we can apply our investment and development expertise to generate returns for our investors.
“We are establishing a permanent operating presence in Dublin, where we aim to have a strong local team to manage our existing portfolio and support our Irish development pipeline.”
Henderson Park is a pan-European private equity real estate manager based in London, which was launched in 2016 by Nick Weber, a former partner at Goldman Sachs and head of Europe at Mount Kellett.
The investor has only recently dipped its toe into the Irish market, buying mixed-use campus Heuston South Quarter in Dublin with Chartered Land for €222m in May 2019.
Later that year, Henderson Park fought off competition for Green REIT from Germany’s DekaBank – seen as having some of the deepest pockets in Europe – and California-based Kennedy Wilson, another regular player in Dublin’s property market.
It currently has a circa $8.3bn European portfolio, made up primarily of hotels, private rental sector, student housing, and offices. These are located across the UK, France, Greece, Spain, Poland and, more recently, Ireland.
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