Global real estate investment company Kennedy Wilson (NYSE: KW) announces that it has completed the sale of South Bank House and The Warehouse, Dublin 4 to Google Ireland Limited (“Google”).
Situated on Barrow Street in Dublin’s South Docks, South Bank House was completed in 2006 and provides over 62,000 sq ft of Grade A offices. The Warehouse sits on the waterfront to the rear of South Bank House and comprises a 19th century, three-story warehouse building over 19,500 sq ft that was extensively refurbished to provide modern office space. Both assets are leased in their entirety to Mason Hayes and Curran, a leading Dublin law firm with offices in London, New York and San Francisco.
The two properties were acquired by Kennedy Wilson in July 2013 and sit adjacent to Boland’s Quay, a mixed-use development due to complete in Q1-2020, which was also acquired by Google in May 2018.
Alison Rohan, Head of Ireland, Kennedy Wilson Europe, said:“Strong execution of value-enhancing asset management initiatives across both South Bank House and The Warehouse, alongside the thriving redevelopment of the Barrow Street area, have culminated in this successful sale. It has been a pleasure to work with Google again and wish the team every success.”
Joe Borrett, Director of Real Estate and Construction of Google, added: “We are very pleased to complete the acquisition of South Bank House and The Warehouse on Barrow Street, which we’ve called home now for 15 years. Google continues to be committed to Ireland and our real estate presence and portfolio continues to grow to meet the needs of our business.”