With the acquisition of 20 Kildare Street in Dublin, Deka Immobilien has seized a rare opportunity to secure a modern, fully let and ESG-compliant prime office building in a top-tier location. 20 Kildare Street is situated in the heart of Dublin’s Central Business District, just a few steps from St Stephen’s Green, one of the city’s most iconic public parks. St Stephen’s Green, in turn, lies at the southern end of Grafton Street, one of Dublin’s premier shopping destinations.
Completed in 2022, the building comprises six above-ground floors and elegantly incorporates four listed Georgian townhouses into a high-specification contemporary structure. The property is fully let on long-term leases to seven tenants.
When powered by green electricity, 20 Kildare Street could become the first zero-carbon office asset in Deka Immobilien’s Irish portfolio. The building is fully electric, operating entirely without fossil fuels, and meets the highest sustainability standards with a BER A3 rating and certifications including LEED Gold, WELL Core Gold and WIRED Platinum. Its ESG profile is further enhanced by a smart building management system (BMS), extensive sub-metering and green leases. Tenants benefit from premium on-site amenities such as a rooftop terrace, business lounge, bicycle parking and EV charging stations at all parking bays.
In addition to its ESG performance and prime location, the asset also offers an attractive risk-return profile with value appreciation potential.
The acquisition was made on behalf of the WestInvest InterSelect open-ended real estate fund.
