Developer TIO is understood to have secured upwards of €95 million from the sale of a newly-completed prime office building in Dublin’s south docklands to the German family-office investor AM Alpha. Developed by TIO (Targeted Investment Opportunities, an umbrella fund involving Nama, Los Angeles-based Oaktree Capital and Bennett Construction), 76 Sir John Rogerson’s Quay comprises 92,600sq ft (8,602sq m) of grade A office space distributed across two blocks. Commenting on his company’s purchase of 76 Sir John Rogerson’s Quay, AM Alpha’s managing director, Martin Lemke, said: “We are delighted to have completed the acquisition of 76 Sir John Rogerson’s Quay . While the north Dublin retail scheme represented AM Alpha’s first investment in Ireland’s retail property sector, the company has been active in the past in the Dublin office market. In 2012, it paid € 35.5 million for Riverside II on Sir John Rogerson’s Quay in the Dublin docklands.

Source: The Irish Times March 29, 2021 09:34 UTC