A standout commercial real estate transaction in Ireland, completed in 2020
One of the standout commercial real estate transactions completed in Ireland in 2020 was the sale of Phoenix House in Dublin 8 by Henley – Bartra, the joint venture between Henley, the global private equity real estate investor, and Bartra Capital, the Irish development group.
This office property was acquired by Henley Bartra in 2018 from Ryanair. At the time three of the five floors were vacant and the remaining floors were let to the State’s Office of Public Works (OPW). Henley Bartra invested over €1m in a comprehensive refurbishment and upgrade of the building.
Subsequently all three vacant floors were let to the OPW under a new 10-year lease. The result was a fully let world class office facility, in a premium Dublin city location.