Nutgrove Retail Park, Dublin

Following the acquisition of the office building 76 Sir John Rogerson’s Quay in the first quarter of 2021, the Munich-based family office AM ALPHA, which specializes in joint real estate investments with private and institutional investors, has completed a further transaction in Dublin this year with the acquisition of the Nutgrove Retail Park in a consistently strong trading location in South Dublin. 

Located in the highly populated and affluent Dublin suburb of Rathfarnham, Nutgrove Retail Park is one of the top local retail parks. It is situated adjacent to Nutgrove Shopping Centre and there is a positive interaction between them, with free-flowing pedestrian traffic between both. 

The property comprises approx. 197,700 ft² / 18.400 m² divided into mostly retail space (approx. 168,000 ft² / 15.600 m²) and high specification office accommodation (approx. 29,800 ft² / 2.800 m²). As an established asset it is fully let to high quality tenants and is also host to an HSE Public Care Center. 

Nutgrove Retail Park can be conveniently accessed by car from the M50 Motorway as it is situated approximately 8.5 km south of Dublin city centre and within a 5 min drive of Dundrum Town Centre. 

The acquisition is in line with AM ALPHA’s strategy to invest in preferred locations and high-quality standards and is the first major retail park trade in Dublin since 2018. 

Martin Lemke, Managing Director at AM ALPHA commented, “We are very pleased with the latest acquisition of Nutgrove Retail Park, a particularly well-established centre in an excellent location in Rathfarnham. This transaction is a perfect example of how we are implementing our goal of delivering sustainable value to our long-term partners. We are very convinced of Ireland’s further potential and future growth, so it will continue to be a main focus for us and we will actively seek core and value-oriented investments across all sectors.”
AM ALPHA was supported on the purchase by the law firms A&L Goodbody and Luther (in Luxembourg), commercial property advisor TWM, tax and finance advisor EY and technical advisor Malcolm Hollis. 

AM ALPHA is a Munich based privately owned real estate family office that focuses on global investments in prime real estate on its own account and in collaboration with family offices, private clients and endowments in Europe and Asia. The company is represented in Europe in all major real estate markets with its own offices. Its Asian operations are headquartered in Singapore, with offices in the gateway cities in the Asia Pacific region. AM ALPHA has also received all necessary licenses from German regulator BaFin acting as a German regulated capital management company (Kapitalverwaltungsgesellschaft – KVG) and Alternative Investment Fund Manager (AIFM). The real estate firm is currently managing a substantial Asia Pacific and European portfolio.