The acquisition of the Watermarque Building, with occupiers including leading international companies Pfizer, Google Ireland Limited and News UK & Ireland, is the largest asset investment for Corum Eurion SCPI to date. The property enjoys a prime location at the crossroads of Bridge Street and South Lotts Road, a few steps from the docks. It is the 24th acquisition for the fund, which has been operating for just 3 years, and forms part of the growth strategy for the portfolio.
Órlaith Molloy, Partner and head of the Real Estate team in DWF's Dublin office, led the deal team advising on both the acquisition and financing. Órlaith said, "We are delighted to strengthen and grow our relationship with Corum across our various jurisdictions, and to have acted for Corum on the acquisition of this standout asset in Dublin. We congratulate our wonderful client team on this acquisition."
The DWF Real Estate team has been advising the Corum XL fund in the UK for the last two and half years, during which time the team have acted on the acquisition of 13 investment properties within a combined consideration of nearly £300m.
