Blackstone : Acquires The Atrium in Greater Dublin

London, 17th December, 2014 - Blackstone Real Estate Partners Europe IV ("Blackstone") announces the acquisition of The Atrium buildings from a group of private investors led by Pat Gunne.

The Atrium buildings consist of two high quality office buildings totalling 346,000 sq ft in Dublin's South Suburbs.  The buildings were developed in 2001, and the major tenants include Microsoft and Salesforce.

Ken Caplan, Head of European Real Estate at Blackstone, said: "This is a further investment by us in greater Dublin and underlines our commitment to Ireland and the strengthening of its economy."

CBRE Ireland advised the buyer and JLL acted for the seller.

About Blackstone in Ireland:
In addition to Blackstone's real estate interests in Ireland, Blackstone is the largest shareholder in Eircom and has a significant presence in Dublin through its credit platform, GSO.  Blackstone is also the largest investor in a number of global businesses which operate in Ireland including: Hilton, (which manages six hotels in Ireland including Dublin's recently renovated, Burlington hotel), Merlin, Intertrust, RGIS, Biomet and SunGard.

Media Contact:
Andrew Dowler
Blackstone
+44 (0)20 7451 4275