KanAm Grund Group has bought a fully let office building One Upper Hatch Street in Dublin for an undisclosed amount. The main tenant is Deloitte. This property is a flat-roofed office building with around 2,700m² of office space spread across one ground and seven upper levels. Above the second upper level, the building is tapered, offering adjacent terraces. One Upper Hatch Street is located around 400 meters or 5 minutes south of St Stephens Green. The city centre with its famous Grafton Street shopping precinct is only a 10 minutes’ walk away. The building was purchased for the KanAm Grund European Cities HP, which is part of the growing family of KanAm Grund Group real estate special funds. It has been agreed to keep the sales price confidential.
One Upper Hatch Street was totally refurbished and updated in 2008. It is located in Dublin 2, a neighbourhood dominated by historic buildings, most of which offer only restricted floor space. Due to listed statuses and small buildings, there is only limited scope for new developments in the direct proximity. The location offers excellent transport connections, benefiting greatly from the opening of the Luas Green Line in 2004. The Harcourt stop is only 200 meters from the property. With the completion of the Luas Cross City extension in June 2017, this micro-location has become even more easily accessible for commuters from the North of Dublin.
