Newly listed Yew Grove REIT has agreed a deal to buy two office buildings in Dublin's East Wall for €29m.
One and Three Gateway on the East Wall Road mark the company's first acquisition since it floated in Dublin and London at the start of this month.
Tenants in the buildings include the ESB, Whirlpool and Colt Technology and they have 97% occupancy.
Jonathan Laredo, Yew Grove's chief executive, said the key attractions of these buildings were the quality of their location, build and tenants.
"East Wall Road is becoming viewed as a part of the North Docks and is benefiting from increasing tenant interest due to its attractive rent levels and excellent transport links.
"The relatively short unexpired lease term and minor vacancy allows the company to actively manage the buildings which we hope will grow the income and capital value of the properties over the next few years," he added.
