Sienna’s IM Real Estate team advises in the acquisition of the Fine Grain portfolio in Ireland

Both assets are fully let, to two tenants in Dublin and three in Galway, across a number of industries including MedTech and software. Located in two established business parks, in proximity to numerous public transport and road access routes, the properties benefit from a strong connection to both Dublin and Galway city centres. Parkmore boasts a BER A3 rating and was delivered in 2018 to a LEED gold standard. Waterside has a planned pathway to increase its BER rating through LED lighting and an improved air conditioning system.  

Arthur Debaere, Head of Acquisitions Ireland – Real Estate, says of the deal, “We are delighted to close our 3rd and 4th acquisitions in Ireland on behalf of Transitions Europe, further deepening both our position in the Irish market and our successful relationship with Arkea REIM.” 

SCPI Transitions Europe / Arkéa REIM was further advised by A&L Goodbody (legal) and Logical, Fusion4Quality, and Byrne (technical and ESG). The seller Fine Grain was advised by Avison Young (commercial) and Dillon Eustace (legal). 

About Sienna Investment Managers  

Sienna Investment Managers is a multi-expertise pan-European asset manager of the publicly traded investment holding company Groupe Bruxelles Lambert (GBL). With a team of around 300 professionals, Sienna IM operates in Paris, Luxembourg, Milan, London, Hamburg, Frankfurt, Madrid, Amsterdam and Seoul.  

Spanning listed and private assets, Sienna IM builds bespoke and innovative solutions for its clients, with purpose. As of end of June 2024, the Group oversees more than €37 billion under management, of which over 80% (AuM eligible under SFDR perimeter) are classified article 8 or 9. 

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About our Real Estate Expertise 

Sienna IM’s Real Estate expertise boasts over 30 years of experience in the European real estate investment and asset management market. The team positions itself as a long-term strategic partner for local and international investors, advising and accompanying them throughout the entire investment cycle of a property, from the acquisition, administration of the asset or property, to the sale process. As of December 2023, Sienna IM’s Real Estate expertise benefits from a dedicated team of roughly 100 employees spread over 7 offices in Europe and Asia, and has c. €6 bn of assets under management. 

Press Contact 

Maria Krellenstein – maria.krellenstein@sienna-im.com  +33 (0)6 64 37 69 63