Deka Immobilien acquires ESG-certified office building in central Dublin

Deka Immobilien has acquired a prime office building in central Dublin for its open-ended real estate fund, WestInvest InterSelect. The property, located at 20 Kildare Street in the heart of the city’s business district, marks a strategic addition to the fund’s portfolio, reinforcing its focus on ESG-compliant investments. The seller is an institutional investor, and the purchase price has not been disclosed.

Situated near key landmarks including St. Stephen’s Green, the Shelbourne Hotel, and Leinster House, the property benefits from excellent public transport access. Completed in 2022, the six-storey office building combines contemporary design with historical elements, incorporating four listed Georgian townhouses. It offers approximately 6,000 sqm of lettable office space and features sixth-floor terraces overlooking the park.

The property is fully leased on a long-term basis, with global law firm Dentons as the anchor tenant. Amenities include an underground car park with electric vehicle charging stations, bicycle storage, and high-quality changing and shower facilities. Operated entirely on electricity without the use of fossil fuels, the building holds multiple certifications, including LEED Gold, WELL Core Gold, Wired Score Platinum, and BER A3. When powered by green electricity, it could become the first carbon-neutral office asset in Deka Immobilien’s Irish portfolio.

This acquisition enhances the diversification of the WestInvest InterSelect fund and supports Deka Immobilien’s international investment strategy focused on high-quality, sustainable assets. Ireland’s strong economic fundamentals, including GDP growth consistently outperforming the eurozone average, make it an attractive market for continued investment.