CBRE IM commits €175m to IPUT Real Estate

Dublin-based property investor IPUT Real Estate has secured a €175 mln equity commitment from CBRE IM to fuel the growth of its prime office portfolio in Dublin.

Wilton Park

IPUT currently manages 30 office assets, totalling over 185,800 m2, all situated within Dublin's City Centre. The company boasts a ready-to-go development pipeline with the capacity for over €500 mln in investment, aligning with its strategy to expand its Grade A+ office portfolio, while its total portfolio is valued at €2.7 bn.
CBRE IM is an existing investor in IPUT, having also been a foundational investor in the IPUT Nexus Logistics Fund ("Nexus Fund") in 2025, alongside the Ireland Strategic Investment Fund (ISIF), with a combined investment of €115 mln.
This €175 mln capital raise from CBRE IM marks the initial phase of a planned €500 mln expansion of IPUT's prime Dublin City Centre office portfolio. IPUT also plans to double its lifestyle-led flexible leasing platform, Studio, aiming for nearly 18,580 m2 across 18 locations by the end of 2026, targeting record office rents in Dublin's undersupplied market. Additionally, IPUT intends to commence development on its 32,516 m2 city centre office pipeline, which includes two landmark sites at Earlsfort Terrace and Harcourt Street, both with approved planning permits. 
Niall Gaffney, IPUT CEO, said: “We offer exposure to the prime end of the real estate market in a eurozone gateway city that continues to outperform its peers across the continent. As we enter the growth phase of the next real estate cycle, we are proud to have strengthened our relationship with CBRE IM. We have the capacity to deploy over €500 mln across our development pipeline, and this new investment provides the capital to kick-start that programme.”
Nathalie Bruijn, director - Investment Management, CBRE IM, added: “We are committed to the prime end of the Irish real estate market and are long-standing investors in IPUT with strong conviction in their investment strategy and team. Following our investment in the launch of their dedicated logistics fund in 2025, we are delighted to invest a further €175 mln in their platform. The quality of IPUT’s assets, occupiers and returns aligns with CBRE IM’s investment strategy globally.”