Key Takeaways
- • Mapfre (Spain's largest insurance company) and Manova Partners (Munich-based real estate investment firm) jointly acquired One Haddington Buildings, a Grade A office property in Dublin's Central Business District, for the Stable Income European Real Estate Fund 2 (SIEREF 2).
- • The property comprises approximately 3,800 square meters of lettable space across four stories with 23 parking spaces, fully let to four tenants on long-term leases across diverse business sectors, generating a stable income stream.
- • One Haddington Buildings achieved A3 BER rating and Nearly Zero Energy Building (NZEB) status following extensive 2022 refurbishment, positioning it as an ESG-compliant, future-proofed asset meeting high sustainability standards.
- • The property's strategic location on Haddington Road provides superior connectivity via the Luas tram system, rail, and bus networks, with immediate proximity to corporate amenities, strongly appealing to institutional occupiers.
- • The acquisition demonstrates Mapfre's continued commitment to alternative asset investment in high-quality office properties within prime European locations, aligning with the insurer's long-term stable income strategy.
Summary
Mapfre and Manova Partners completed the acquisition of One Haddington Buildings, a fully let Grade A office property located in Dublin's Central Business District, on behalf of the Stable Income European Real Estate Fund 2 (SIEREF 2). The transaction, announced April 16, 2026, represents a strategic investment combining Spain's largest insurance company with an independent Munich-based real estate investment manager to acquire a high-quality European office asset.
The four-story property, originally constructed in 1995 and comprehensively refurbished in 2022, offers approximately 3,800 square meters of lettable space alongside 23 parking spaces. The asset is currently fully let to four tenants across diverse business sectors on long-term lease agreements, providing predictable cash flow characteristics favorable to institutional investors. The property's location on Haddington Road positions it within Dublin's established office district, offering tenants direct access to the Luas tram system as well as regional rail and bus connectivity. Corporate amenities including restaurants, bars, and fitness facilities are immediately adjacent to the building.
The property meets contemporary sustainability and energy efficiency requirements, achieving an A3 BER (Building Energy Rating) classification and Nearly Zero Energy Building (NZEB) status. These certifications reflect the 2022 refurbishment program and underscore the asset's alignment with ESG investment criteria increasingly demanded by institutional capital.
Carlos Díaz Gridilla, Managing Director at Mapfre Inmuebles, characterized the acquisition as consistent with the insurer's real estate strategy, emphasizing focus on "high-quality office buildings in prime locations that can provide a stable source of income over the long term." Christian Göbel, Co-CEO at Manova Partners, highlighted the property's "high-quality tenancy and attractive yield," positioning One Haddington Buildings as a "future-proofed and ESG-compliant" office investment in one of Dublin's most established commercial submarkets.
The four-story property, originally constructed in 1995 and comprehensively refurbished in 2022, offers approximately 3,800 square meters of lettable space alongside 23 parking spaces. The asset is currently fully let to four tenants across diverse business sectors on long-term lease agreements, providing predictable cash flow characteristics favorable to institutional investors. The property's location on Haddington Road positions it within Dublin's established office district, offering tenants direct access to the Luas tram system as well as regional rail and bus connectivity. Corporate amenities including restaurants, bars, and fitness facilities are immediately adjacent to the building.
The property meets contemporary sustainability and energy efficiency requirements, achieving an A3 BER (Building Energy Rating) classification and Nearly Zero Energy Building (NZEB) status. These certifications reflect the 2022 refurbishment program and underscore the asset's alignment with ESG investment criteria increasingly demanded by institutional capital.
Carlos Díaz Gridilla, Managing Director at Mapfre Inmuebles, characterized the acquisition as consistent with the insurer's real estate strategy, emphasizing focus on "high-quality office buildings in prime locations that can provide a stable source of income over the long term." Christian Göbel, Co-CEO at Manova Partners, highlighted the property's "high-quality tenancy and attractive yield," positioning One Haddington Buildings as a "future-proofed and ESG-compliant" office investment in one of Dublin's most established commercial submarkets.
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