A US investor has agreed to pay €100m (£86m) for the Dublin headquarters of global betting giant Flutter Entertainment.
New York-based sale and leaseback specialist LCN Capital Partners has bought part of the Belfield site in Clonskeagh, Dublin 4.
Spear Street Capital, a San Francisco-based investment company, put the office park on the market late last year, just three years after buying it for €90m.
Flutter is the largest tenant at the office development, which was built in the late 1990s. It has undergone a refurbishment in recent years. Flutter’s own headquarters building, known as Power Towers after its subsidiary Paddy Power, were among those that were overhauled. In February, it opened Ireland’s first “contactless supermarket”.
Spear Street is also behind a €20m investment in a purpose-built life sciences campus in Cherrywood.
LCN Capital Partners, which also builds developments for clients, has more than $6bn of assets under management.
