Deka Immobilien invests in the heart of Dublin

Transaction | 2024-05-10

Deka Immobilien has capitalized on a rare opportunity by acquiring an office building in the historic center of Dublin for around EUR 37 million. The property 40 Molesworth Street is located in one of the city’s most coveted areas, where attractive investment opportunities are extremely limited. 40 Molesworth Street is now part of the WestInvest InterSelect fund.

Situated on the dynamic south side of Molesworth Street at the intersection with Dawson Street, the property lies in the political, commercial, and cultural heart of Dublin. Just steps away are the Leinster House (home to the national parliament and much of the public administration), Trinity College, and Grafton Street—Dublin’s premier retail district. As part of Dublin’s traditional Central Business District, the immediate area hosts many significant companies offering technological, legal, and financial services. Additional amenities such as cafes, restaurants, bars, and retail shops are located within the immediate vicinity.


This acquisition strengthens our presence in one of Europe’s most vibrant economic centers and reflects our commitment to high-quality and sustainable real estate developments.

The fully leased building houses the Irish headquarters of the international law firm DLA Piper and a representative branch of the optical and hearing services provider Specsavers. Directly connected to the Dawson Street Luas Light Railway and Pearse Station (10 minutes on foot), the address is also served by numerous bus routes and the Dublin Airlink Express to the airport.

40 Molesworth Street offers modern office spaces, a prestigious reception area, and end-of-trip facilities such as showers and bicycle parking spaces. The building’s sustainability initiatives are underscored by its important LEED Gold and BER A3 certifications.