ESB has confirmed that Amundi Real Estate, a French Asset Manager, has successfully exchanged on Fitzwilliam 28, an office development in the heart of Dublin's traditional central business district on behalf of a fund under management.
Currently in the final stages of construction, Fitzwilliam 28 has been entirely pre-let to Slack Technologies upon completion of the building.
The global tech giant is moving out of its current property on Hatch Street and into Fitzwilliam 28, which will act as their new EMEA headquarters.
Located between Merrion and Fitzwilliam Squares, Fitzwilliam 28 will comprise c. 12,600 sq m of office accommodation over eight floors.
ESB, Ireland’s largest utilities company, is developing the asset alongside its own headquarters at Fitzwilliam 27, which is also under development.
Fitzwilliam 28 will be one of Dublin’s first NZEB (Near Zero Energy Building) compliant developments.
Ronan Sheehy ESB Head of Property and Security said the development has been built with the highest standards of sustainability in mind.
"A tireless amount of work has gone into ensuring the delivery of what we believe is the finest office development to complete in recent times, and we look forward to completing this deal with Amundi Real Estate in the coming weeks," he said.
On completion, the acquisition will represent Amundi Real Estate's first deal in the Irish market in a bid to expand the presence of their flagship fund in key European jurisdictions.