Heitman LLC has acquired a a portfolio of residential assets in Dublin. No financial terms were disclosed. The portfolio includes 27 fully-occupied assets, with a total of 214 apartment units and three retail units.
London, Oct. 21, 2019 – Heitman LLC (“Heitman”), a global real estate investment management firm, today announced that it has acquired a portfolio of residential assets located throughout city centre Dublin, on behalf of an affiliate of the firm.
The acquisition is comprised of 27 fully-occupied assets, with a total of 214 apartment units and three retail units. The assets include a range of studio, one- and two-bedroom units in close proximity to city centre Dublin, in areas such as Broadstone, Clontarf, Rathmines, Rathgar, Ranelagh and South Circular Road.
“Dublin has changed immeasurably in the last decade and attracts a wide range of international businesses and young professionals alike. Being such an important growth city in Europe, we are delighted to add these residential assets to our portfolio. This living sector portfolio further diversifies our strategy and stands to benefit from the combination of limited residential deliveries in the market and continued demand for housing in Dublin,” said Tony Smedley, Heitman Managing Director and Head of European Private Equity.
Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $44 billion in assets under management. Heitman’s real estate investment strategies include direct investments in the equity or debt capitalization of a property or in the securities of listed and publicly traded real estate companies. Heitman serves a global client base with clients from North American, European, Middle Eastern and Asia-Pacific institutions, pension plans, foundations and corporations and individual investors.
Headquartered in Chicago, with additional offices in North America, Europe, and Asia-Pacific, Heitman’s more than 325 employees offer specialized expertise – from a specific discipline to local insight.