London, 17th December, 2014 – Blackstone Real Estate Partners Europe IV (“Blackstone”) announces the acquisition of The Atrium buildings from a group of private investors led by Pat Gunne.
The Atrium buildings consist of two high quality office buildings totalling 346,000 sq ft in Dublin’s South Suburbs. The buildings were developed in 2001, and the major tenants include Microsoft and Salesforce.
Ken Caplan, Head of European Real Estate at Blackstone, said: "This is a further investment by us in greater Dublin and underlines our commitment to Ireland and the strengthening of its economy.”
CBRE Ireland advised the buyer and JLL acted for the seller.
About Blackstone in Ireland:
In addition to Blackstone’s real estate interests in Ireland, Blackstone is the largest shareholder in Eircom and has a significant presence in Dublin through its credit platform, GSO. Blackstone is also the largest investor in a number of global businesses which operate in Ireland including: Hilton, (which manages six hotels in Ireland including Dublin’s recently renovated, Burlington hotel), Merlin, Intertrust, RGIS, Biomet and SunGard.
About Blackstone Real Estate:
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has more than $80 billion in investor capital under management. Blackstone’s real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. Major holdings include Hilton Worldwide, Invitation Homes (single family homes), Logicor (pan-European logistics), SCP (Chinese shopping malls), and prime office buildings in the world’s major cities. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust (NYSE: BXMT).
Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds, and multi asset class exposures falling outside of other funds’ mandates. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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