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Singapore investor seeks €280m for Dublin docklands office

February 15, 2023
Source: irishtimes.com irishtimes.com
News Snapshot:
The Singapore-headquartered real-estate investment trust Mapletree Investments is seeking a buyer for the Sorting Office, the 18,766sq m (202,000sq ft) home of TikTok in Dublin’s south docklands. Agent Cushman & Wakefield is understood to have circulated a confidential teaser document in relation to the sale to a select number of potential purchasers, as part of a targeted process. The guide price is understood to be €280 million – or some €40 million more than Mapletree paid to secure ownership of the office scheme from developer Pat Crean’s Marlet Property Group and its finance partners, M&G Investments, in 2019. Should a...
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