One Molesworth Street, Dublin, Ireland

Our client, MEAG, the asset manager of Munich Re, is responsible for investing and managing large pools of capital on behalf of institutional and external clients. Its strategy is centred on securing stable, long-term returns through high-quality assets in prime European locations. The acquisition of One Molesworth Street in Dublin reflects this mandate, aligning with MEAG’s focus on well-located, sustainable office buildings that deliver predictable income streams. With strong demand for prime assets in core markets, the purchase supports MEAG’s objective of generating steady, calculable cashflows for its clients. 

This was a high-value transaction, with approximately €110 million at stake, in a competitive market for prime, income-producing assets. The building’s scale, tenant mix and sustainability credentials heightened expectations around asset performance and risk management. Ensuring full confidence in the condition and long-term viability of a fully let, multi-tenant building - occupied by major financial and retail brands - was critical. Any oversight in technical due diligence could have exposed MEAG to operational, financial or reputational risk. 

Hollis was appointed to provide Technical due diligence, MEP engineering, ESG Consulting, Reinstatement cost assessments and Environmental services, delivering a detailed and objective assessment of the asset. Our team reviewed the building’s structure, services and fabric, alongside its sustainability credentials, including its LEED Platinum certification. We identified any potential risks, liabilities or future capital expenditure requirements, ensuring MEAG had a clear, evidence-based understanding of the asset’s condition. This rigorous, independent analysis enabled informed decision-making within tight transaction timelines.

Armed with robust technical insight, MEAG was able to proceed with confidence, securing a prime office and retail asset in Dublin’s Central Business District. The acquisition delivers a high-quality, fully let building with a strong tenant covenant and long-term income profile, aligned with MEAG’s investment strategy. Ultimately, Hollis’ advice helped de-risk the transaction, supporting a successful purchase that strengthens MEAG’s portfolio with a sustainable, income-generating asset in a key European market.