JLL advises Greystar on €180m sale of 268-unit Quayside Quarter to Quantum Immobilien AG

• Greystar has sold the 268-unit residential development at Dublin’s North Docks to German real estate investor Quantum Immobilien AG for €180 million.
• The acquisition represents Quantum Immobilien AG’s first investment in Ireland, adding to international institutional investment in Dublin’s private rental sector (PRS).
• Despite the sale, Greystar will continue to manage Quayside Quarter. The development, completed in 2021, includes eight buildings with resident amenities, 210 parking spaces and 300 bicycle spaces.

JLL, the global commercial real estate and investment management company, has advised Greystar on the €180m sale of Quayside Quarter, a 268-unit residential development in Dublin's North Docks, to German real estate investment company Quantum Immobilien AG.

The deal marks Quantum Immobilien's entry into Ireland and adds to a run of overseas capital targeting Dublin's PRS sector this year.

Quantum Immobilien AG is a Hamburg-based real estate investment and development company with approximately €12.5 billion in assets under management, roughly half of it in residential property. The Dublin purchase extends the firm's push into major European cities.

Located at Dublin Landings in the North Docks, Quayside Quarter comprises 268 units across eight buildings with state-of-the-art tenant amenities including a private gym, residents lounge, game room and co-working space. Completed in 2021, it also includes 210 car parking spaces and 300 bicycle spaces.

Market leader Greystar, active in Ireland since 2019, is a global investment, development and management company focused on the living sector especially PRS and PBSA assets. Greystar will continue to manage Quayside Quarter after the sale.

JLL’s EMEA and Ireland Capital Markets team advised Greystar on the transaction.

Niall Gunne, Senior Director, Capital Markets at JLL Ireland, said “Quantum Immobilien’s first move into Dublin demonstrates the city’s growing appeal to international institutional investors and its place within the wider European investment landscape. A scheme of this scale, comprising 268 luxury apartments across eight buildings, is representative of the type of high-quality residential asset continuing to attract international institutional capital. Dublin’s growing population and sustained demand for rental accommodation continue to support investor interest in the sector.”