October 11, 2022

Dublin, 11th of October, 2022 Global real estate advisor, CBRE, has acted as the sale advisor for The Eight Building, a newly designed Grade A office development in the heart of Dublin 8’s distinctive Newmarket Square. The Eight Building comprises a 6 storey over basement building totaling approx. 80,000 sq ft of Grade A office accommodation, ground floor retail unit and 17 car parking spaces.

The building was partially let, with in-situ tenants including Banach and Infineon.

The Eight Building has been designed with a focus on long term sustainability. The property holds strong “ESG” credentials with a BER rating of A3 and LEED Gold accreditation.

The Eight Building site had originally been acquired by funds advised by Ekistics Property Advisors LLP and had been developed by Revelate Capital and Valorem Investment Partners.

PATRIZIA, acquired the office building.

Dessie Kilkenny commented: “We are pleased to have advised the vendor on yet another Grade A office investment sale in the Dublin market. In the case of the Eight Building, our clients have delivered an exceptional building with strong ESG credentials, in a location which CBRE have believed in for some time now.”

About CBRE

CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com