{"id":505871,"date":"2026-05-27T22:14:19","date_gmt":"2026-05-27T22:14:19","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/505871\/"},"modified":"2026-05-27T22:14:19","modified_gmt":"2026-05-27T22:14:19","slug":"german-investor-pays-e110m-for-home-of-the-ivy-restaurant-and-barclays-banks-irish-hq-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/505871\/","title":{"rendered":"German investor pays \u20ac110m for home of The Ivy restaurant and Barclays bank\u2019s Irish HQ \u2013 The Irish Times"},"content":{"rendered":"

German investor MEAG<\/a> has completed its acquisition of One Molesworth Street<\/a>, Dublin, a prime office and retail investment on the junction with Dawson Street<\/a>. The building is home to The Ivy<\/a> restaurant and Barclays<\/a> bank\u2019s Irish headquarters.<\/p>\n

While the price paid for the building has not been disclosed, it is understood to be in the region of the \u20ac110 million, which had been guided by agent JLL<\/a> when it offered the property to the market<\/a> on behalf of its outgoing owner, UK property giant Henderson Park<\/a>, this year. <\/p>\n

While the sale of One Molesworth Street will be seen as a vote of confidence in the Dublin office market, the amount paid by MEAG is \u20ac40 million less than the \u20ac150 million Zara founder Amancio Ortega\u2019s investment firm Pontegadea had offered for the property during the Covid-19 pandemic.<\/p>\n

One Molesworth Street was first offered to the market by Henderson Park in January 2020 as part of its proposed \u20ac400 million sale of the Capital Collection, a portfolio of five prime Dublin offices it had acquired as part of its \u20ac1.34 billion buyout of Green Reit.<\/p>\n

Extending to 8,350sq m (89,879 sq ft), One Molesworth Street comprises a seven-storey office and retail building in Dublin\u2019s central business district.<\/p>\n

The building, which is sustainable with LEED Platinum certification, is fully let to a tenant line-up consisting of Barclays, TD Global Finance, Simmons & Simmons and the Banking & Payments Federation Ireland (BPFI). The ground floor is given over to retail accommodation, with occupiers including The Ivy Group, Boots, Six by Nico and Barry\u2019s Bootcamp.<\/p>\n

\u201cOne Molesworth Street is unquestionably the finest office building in Dublin, and the competitive interest we received throughout the process demonstrates why core institutional investors continue to focus on the Dublin market, given its strong underlying fundamentals,\u201d Niall Gunne, of JLL, said. <\/p>\n

JLL acted as sole selling agent for Henderson Park, with A&L Goodbody providing legal advice. MEAG was advised by CBRE on the transaction, with legal and tax advice from Matheson and technical advice from Hollis.<\/p>\n","protected":false},"excerpt":{"rendered":"German investor MEAG has completed its acquisition of One Molesworth Street, Dublin, a prime office and retail investment…\n","protected":false},"author":2,"featured_media":505872,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[73],"tags":[31165,79,50107,67859,18,78253,19,17,53627,98807,170423,30822,91901],"class_list":["post-505871","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-barclays","tag-business","tag-dawson-street","tag-dublin-2","tag-eire","tag-henderson-park-capital","tag-ie","tag-ireland","tag-jll","tag-meag","tag-molesworth-street","tag-office-investment","tag-the-ivy"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116648848051975532","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/505871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=505871"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/505871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/505872"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=505871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=505871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=505871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}