IPUT Real Estate (IPUT) has raised €175 million in new equity from CBRE Investment Management Indirect Strategies (CBRE IM) to continue to grow its prime Dublin office portfolio.

IPUT’s office portfolio comprises 30 assets of over 2 million sq. ft., all of which is located in Dublin’s City Centre. IPUT has a ready-to-go development pipeline with the capacity to accommodate over €500 million of investment, all of which is part of its ambition to expand its Grade A+ office portfolio. 

"We have the capacity to deploy over €500 million across our development pipeline, and this new investment provides the capital to kick-start that programme," said  IPUT CEO, Niall Gaffney, 

"This will enable us to continue to deliver market-leading, amenitised workplaces to occupiers in the under-supplied prime Dublin office market."

IPUT recently completed award-winning 600,000 sq. ft. office development at Wilton Park, home to global names such as LinkedIn, Stripe and EY. Wilton Park represents IPUT’s emphasis on people-centred-design office spaces, while also considering the social impact its developments have on the local neighbourhood.

The capital raised from CBRE IM represents the first step in a planned €500 million expansion of IPUT’s prime office portfolio in Dublin’s City Centre. IPUT has a near-term plan to double its lifestyle-led flexible leasing platform, Studio. 

By the end of 2026, its Studio flexible leasing brand will have expanded to close to 200,000 sq. ft. across 18 locations, generating record office rents in the undersupplied Dublin office market. 

In addition, IPUT intends to commence development of its 350,000 sq. ft. city centre office development pipeline. 

The pipeline comprises of two city centre landmark office sites at Earlsfort Terrace and Harcourt Street, both of which have attractive and operable planning permits in place. 

IPUT intends to redevelop both sites over the coming years to the standard it has set at Wilton Park.