Beauchamps were delighted to advise Simon Kelly and his vehicle, Kintrona, on its acquisition of two blocks in Blackrock in County Dublin which are currently the HQ buildings for Zurich Insurance.
The acquisition of these buildings cost approximately €10 million and was backed by Ireland’s largest non-bank lender, Finance Ireland, and the Cork-based investment manager BlackBee.
Mr Kelly is currently planning to refurbish and modernise the buildings for sale or rental.
The Beauchamps' team was led by Partner and Head of Commercial Property Aidan Marsh and Banking and Finance Partner Niall O'Brien who were supported by their teams.