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Patrizia Immoblien GmbH

Wednesday, 21 August 2019

ByrneWallace has acted for Patrizia Immoblien GmbH as it continues to expand its Dublin residential portfolio, with the forward purchase of Benson Building for €52.5 million. 

Based in the Dublin Docklands, this 11-storey-over-basement apartment building will comprise of 72 homes, including 14 one-bedroom apartments, 43 two-bedroom apartments and 15 three-bedroom apartments. The anticipated launch date for the apartments in early 2020.

In addition, the building boasts two ground-floor retail units as well as accommodation for a gym. Concierge facilities will also be provided as well as underground parking for 72 cars. 

The ByrneWallace team that advised on the transaction was led by Michael Walsh (Partner and Head of Property) and Fergal Ruane (Partner and Head of Projects & Infrastructure).

For more details on the announcement, see link below to recent press coverage: 

Irish Times