Eagle Street Partners Acquires Additional Dublin Office
Eagle Street Partners (“Eagle Street”), the pan-European real estate investment and asset manager, has today announced the acquisition of Boole House, a 42,000 sq. ft. commercial office in Beech Hill Office Campus in Clonskeagh, Dublin 6.
Since launching in late 2020, Eagle Street has committed capital in excess of €650 million across the residential and commercial sectors in the UK and Ireland. This acquisition brings Eagle Street’s office space in South Dublin over 100,000 sq. ft., alongside 1,256 residential units for development in Dublin’s North Docklands in joint ventures with institutional partners.
Currently vacant with refurbishment plans being put in place, Boole House, within close proximity to University College Dublin (“UCD”) campus, is located in an area where a number of companies in the life sciences, technology, and financial services sectors have a presence. The property enjoys excellent transport connectivity, with Dublin City Centre only 4km away and the Luas green line and Dublin Bus stops within short walking distance, while also benefitting from 119 car parking spaces.
Commenting on the transaction, Eagle Street Co-Founder and CEO, Shane Scully, said: “The Boole House acquisition is an important milestone in delivering Eagle Street’s investment strategy in this location, complementing two similar buildings acquired last year. Situated near the UCD campus and with an established tenant base, we are expanding our presence in this part of Dublin and excited by the opportunity to enhance the offerings in the area over the coming months. I would like to thank everyone involved in this transaction, which exchanged and completed simultaneously last week, including the team at Capitalflow for providing senior financing for the acquisition.”
Representing the first acquisition by Eagle Street since the sudden passing of its Chairman Justin Bickle in July, Mr. Scully commended his co-founder, saying: “As an unrivalled force in real estate across Ireland and the UK, Justin brought immense energy to the table. A trusted partner and close friend to all at Eagle Street, we know he would be proud of the company’s continued momentum across all platforms to deliver the vision and business plan he helped establish.”
Notes to Editors:
About Eagle Street Partners
Eagle Street, founded in December 2020, is a pan-European real estate investment and asset manager with offices in Jersey, Dublin, and London. It is focused primarily in acquiring, developing, refurbishing and managing commercial and residential real estate assets and creating dedicated operating platforms such as Resident Space.
Its office acquisitions, in Ireland and UK, so far totals in excess of 650,000 sq. ft and include tenants such as GlaxoSmithKline PLC, Accenture, and Hertz Europe. In the Irish residential market, Eagle Street recently announced a joint venture with Harrison Street to develop a 554-residential-unit BTR multi-phase development at East Road in Dublin, and last year acquired a site in Castleforbes, Dublin,capable of delivering 702 residential apartments and a 219 room hotel. Media Enquiries
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