KFIM acquires Dublin office building on behalf of Korean Investors

Knight Frank Investment Management (KFIM), working with LB Asset Management a South Korean investment manager, is pleased to announce that they have acquired The Beckett, Dublin, an office let to Facebook, at a price in excess of €100 million.

Ric Crane, Partner at KFIM, commented: “This is the second European transaction outside the UK that KFIM has successfully completed for Korean investors in the last 6 months. The Beckett offers secure income at an attractive rental and capital value level, which we believe provides solid future performance prospects. We continue to seek similar opportunities in Ireland, UK and Continental Europe”

LSH and Shiells & Co. supported KFIM. McGreevy Property Consultants acted on behalf of the vendor. Helaba provided the debt.