JPMorgan said to make Facebook Dublin office-sale shortlist
By Bloomberg
A JPMorgan Chase & Co. affiliate and Union Investment are among bidders shortlisted to buy Facebook Inc.’s European headquarters buildings in Dublin, a person with knowledge of the matter said.
Chartered Land Ltd., which developed the two properties, also included Hibernia REIT Plc and Irish Life Group Ltd., a unit of Great-West Lifeco Inc., among the final bidders for the office buildings, said the person, who asked not to be identified because the matter is private. The properties were offered for sale in November with an asking price of 216 million euros ($256 million).
Spokesmen for Union Investment, JPMorgan, Irish Life and Hibernia REIT all declined to comment. Chartered Land Executive Chairman Joe O’Reilly wasn’t available when contacted by phone and didn’t immediately respond to a text message.
Irish developers and investors including the National Asset Management Agency are selling assets to take advantage of rising investor interest in Irish real estate. The buildings leased to Facebook in the city’s docklands district were designed by Daniel Libeskind and are being sold as part of a portfolio called the Tara Collection.
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