French investor Amundi Real Estate is closing in on the purchase of the newly-developed Fitzwilliam 28 office scheme in Dublin city centre for over €170 million. Amundi Real Estate is a specialist subsidiary of Europe’s leading asset manager Amundi, a company with some €1.527 trillion in assets under management. News of Amundi’s move to acquire Fitzwilliam 28 comes just two weeks after German real estate investor GLL Real Estate completed its €182 million purchase of the Bishop’s Square office scheme on Kevin Street from Hines. Fitzwilliam 28 is one of two adjoining but independent blocks both being developed by the ESB. The sister block to 28, Fitzwilliam 27, will be owner-occupied by the utilities provider.

Source: The Irish Times May 01, 2020 15:33 UTC