Deutsche Finance International makes first Irish investments

London-based private equity real estate investor Deutsche Finance International has made its first investment in Ireland with a hotel and car park acquisition. DFI has acquired the Central Hotel and Trinity Street Car Park in central Dublin in a joint venture with BCP Capital. The Central Hotel, located on Exchequer Street, holds 70 bedrooms over floor floors, with additional retail and F&B units on the ground floor. Trinity Street Car Park, located near the hotel, comprises 171 car-parking spaces as well as retail and office space over five floors. Paul Nearchou, director at DFI, said: “These are our first investments for the fund in Ireland, allowing us to create value in prime locations and benefit from highly supportive structural trends, including an undersupplied commercial real estate market; strong GDP growth; and high levels of foreign direct investment. “Against this backdrop we feel confident in our ability, and that of our partners BCP Capital, to maximise the inherent value in these two prime central Dublin assets.” To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette