In 2019, we adopted a wider focus on greening our buildings and developing public spaces which contribute to the future shape of our city. We make these investments because they have a positive impact on our occupiers and the wider community, which, in turn, strengthens our position and ultimately supports the value of our assets.
Niall Gaffney - Chief ExecutiveKey Highlights
Purchase Price €115m
The headline acquisition for the year was the off-market acquisition of No.3 Dublin Landings on Dublin’s North Quays for €115 million. This transaction, announced in December, completed in 2020 and represents a significant addition to IPUT’s prime CBD office portfolio.
We added to the CBD portfolio with the acquisition of 51-54 Pearse Street and Magennis Court. These acquisitions further consolidated our position as Dublin’s largest office owner and support the ongoing modernisation of our building stock.
Purchase Price €95m
We acquired Phase 2, Carrickmines Park, consolidating our ownership of Carrickmines Park in south Dublin while reducing our exposure to co-owned assets.
Purchase Price €40m
IPUT acquired two prime logistics assets in addition to a 47-acre landbank located in prime locations next to Dublin Airport and the well-established Aerodrome Business Park, for a total of €40 million. Following these acquisitions IPUT is now the largest owner of logistics assets in Dublin with 2.4 million sq ft under management.