UK property giant Development Securities has agreed to pay €12.8m for a number of properties in south Dublin.
The London-based firm is buying property at Nutgrove Retail Park and the Beacon South Quarter.
The properties have been bought in a joint venture with Paddy McKillen's Clarendon Properties.
DevSecs executive director Matthew Weiner commented: "This is the latest in a number of acquisitions that we have made inn Dublin, an important market for us where we see further opportunities for development".
Clarendon Properties managing director Tony Leonard said he was "delighted" with the deals.