Múnich, 16th April 2026. Mapfre, Spain’s largest insurance company, and Manova Partners, an international independent real estate investment company based in Munich, have acquired the fully let Grade A office property One Haddington Buildings in Dublin for the Stable Income European Real Estate Fund 2 (SIEREF 2). The building was constructed in 1995 and extensively refurbished in 2022. It meets high sustainability standards and has a BER rating of A3 and Nearly Zero Energy Building (NZEB) status.).
Strategically located on Haddington Road in the heart of Dublin’s Central Business District (CBD), the four-story property features approximately 3,800 square metres of lettable space and 23 parking spaces. The asset’s strong appeal to corporate occupiers is driven by its excellent connectivity to the Luas tram, rail, and bus networks, alongside immediate proximity to high-quality amenities including restaurants, bars, and fitness facilities. Benefiting from this prime location, the building is fully let on long-term leases to four tenants across diverse business sectors, providing a robust income stream.
Carlos Díaz Gridilla, Managing Director at Mapfre Inmuebles: ‘An acquisition like One Haddington Buildings fits perfectly into Mapfre’s real estate strategy, which prioritizes investment in high-quality office buildings in prime locations that can provide a stable source of income over the long term. Our investment strategy in alternative assets has proven successful in recent years, and we will continue to explore this avenue in partnership with our top-tier partners.’
Christian Göbel, Co-CEO at Manova Partners: ‘With One Haddington Buildings, we are acquiring a future-proofed and ESG-compliant office property in one of Dublin’s most established office locations. The property impresses with its high-quality tenancy and attractive yield. With this acquisition we continue our current anticyclical investment strategy to expand our office portfolio in prime locations.’
Laetitia Treves, Head of Transactions Europe at Manova Partners: ‘We believe now is an opportune moment in the cycle to invest in the Dublin office market, which has significantly re-priced with growing momentum in the leasing market. One Haddington Buildings is a quality Grade A office in a vibrant location in Dublin providing attractive yield profile compared to other European cities.’
SIEREF 2 is a fund jointly advised by Manova Partners and Mapfre with various Spanish investors. The first fund in the series was launched in 2018, and both funds pursue the goal of investing Spanish institutional capital in European core office properties outside Spain. Dublin is the third market in the portfolio after Berlin and London and the sixth market in the series. One Haddington expands the tenant mix and contributes to the stability of the overall portfolio with its stable income profile. Looking forward, the plan is to use the remaining capital to further diversify the markets and lease expiry schedule of the portfolio and thereby fully investing the second fund within the next 12 to 18 months.
About Mapfre
Mapfre is a global insurance, reinsurance, assistance, and financial solutions company. It is the largest Spanish-owned insurer in the world, a leading multinational insurance group in Latin America, and ranks sixth among the largest insurers in Europe by revenue. Mapfre employs more than 30,000 people worldwide, and in 2025 it reported net earnings of €1.1 billion (+19.6%) on revenue of €34.5 billion (+4%).
About Manova Partners
Manova Partners is an international real estate investment manager with approximately €10.42 billion in assets under management, comprising 1,754 properties in Europe, Australia, and North and South America.
