It may still be in legals, but the successful bidder on No. 2 Dublin Landings is widely assumed to be a Korean investment fund, reflecting a growing appetite among Asian investors for core assets in the capital.
Since the start of the year, an increased number of Asian investors from a variety of locations have been looking at the Dublin market, JLL Ireland CEO John Moran said. “The newest entrants into the market are the South Koreans, who are probably some of the warmest money around at the moment," he said. "There has always been a bit of Singaporean capital floating around, although it comes in slightly different guises. Sometimes it's backing other people or using different vehicles.”
So is this just a one off, or is Dublin firmly on the radar of Asian investors?
The European market in general has seen an increased interest from Asian investors, CBRE Head of Investment Properties Johnny Horgan said. “In their local markets, yields are 2.5/3% so they're looking to increase their exposure internationally,” he said. “They have…
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