Office block gets funds

construction

A German asset manager will fund the construction of one of the highest-profile office blocks in Dublin.

Union Investment has agreed terms to provide financing for a new office building at Burlington Road on the southside.

The block is being developed by UK firm Development Securities in partnership with the developers Johnny Ronan and Paddy McKillen as well as hedge fund Colony Capital.

The consortium bought the site, which formally had a 1970s office building, a year ago.

That building has since been demolished and work has been ongoing to clear the site ahead of new construction since that time.

Above is an image of how the finished building will look.