Landmark building at Limerick business campus sold

A LANDMARK building in Plassey’s business campus has been sold.

Real estate investment firm Fine Grain Property has completed the sale of Hamilton House II. Fine Grain Property acquired the office complex seven years ago and has been let out to engineering firm H&MV, one of the city’s major employers.

The firm has located its global headquarters in the complex.

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Now the building has been purchased by an investment fund managed by Paris-based firm Inter Gestion REIM.

Kevin Mahony, chief financial officer of Fine Grain Property, said: “The sale of Hamilton House II demonstrates the value of our active asset management strategy. By aligning the property with the needs of high-quality tenants like H&MV Engineering and investing strategically in improvements, we have successfully transformed and disposed of this asset to deliver strong returns for our investors.”

Arnaud Billon, head of investments of Inter Gestion Group, added: “Purchasing Hamilton House II with our newest fund is a significant step forward in the global asset diversification strategy developed with Cristal Life SCPI. Launched in 2021, this real estate fund aims to deliver strong performances by targeting assets across a variety of dynamic industries, including the food chain value, advanced engineering, and the health market.”

“Getting to host H&MV Engineering as a new tenant and adding such a beautifully transformed building in our portfolio, was an opportunity of diversification we are thrilled to offer to our investors,” he added.