Meyer Bergman and BCP acquire Dublin retail hub

The buildings located on the corner of Nassau Street and Dawson Street in Dublin, close to the city’s Grafton Street shopping area, have been acquired by investment firm Meyer Bergman and Irish asset management company BCP for 90 million euros.

The retail hub, located opposite Trinity College, is around 101,200 square foot of retail space, which currently houses retailers including fashion and homeware retailer House of Ireland, homeware chain Tiger Retail and food supplier Millenium Gourmet Foods, as well as offices.

Meyer Bergman will own the majority share, with BCP Private Equity and BCP International Property Fund together taking up a third of the project.

George Walsh-Waring, a director at Meyer Bergman, said: "Central Dublin is a market we have been targeting for the right opportunity for the past few years. This acquisition highlights Meyer Bergman’s sourcing capability in a highly sought after market where our reputation as a retail and mixed­‐use specialist has given us the competitive advantage."

Blake Loveless, a director at Meyer Bergman, added: “Ireland offers some of the strongest growth prospects in the Eurozone and this asset is superbly located in Dublin’s prime shopping district, with direct access to Grafton Street. We see plenty of asset management opportunities for the buildings, given the shortage of large retail units in the area and the considerable appeal of the Dawson Street address to office occupiers.”