Catella acquires office property in Dublin for sustainable fund
Munich-based investment manager Catella Real Estate has acquired an office property in the Irish capital, Dublin, for its Sarasin Sustainable Properties – European Cities fund. The building, which is fully occupied and measures around 4,100 m2, is leased to investment bank J.P. Morgan.“The Irish market for office property has regained its strength after the financial crisis. We have taken advantage of Ireland's current economic prosperity by acquiring a modern, long-term leased office property for our investors. It meets the sustainability criteria specified for the fund, and the