Brexit underscores Dublin lure as tallest office site snapped up

[DUBLIN] The UK's departure from the European Union underscores the attractiveness of Dublin, according to the buyer of a site earmarked for the Irish capital's tallest office building.

A fund run by Tristan Capital Partners agreed to buy a development site known as the EXO in Dublin's north Docks, according to an email statement. The EXO will be the city's tallest commercial office building at 73 metres in height.

"Brexit has amplified Dublin's status as a sought after destination with strong economic growth and continued foreign investments into Ireland," Peter Mather, managing director of investments at Tristan Capital Partners, said in the statement.

Following the UK's decision to exit the EU, Bank of America chose Dublin as its main EU base, while JPMorgan Chase and Co bought an office block across the Liffey from the central bank that could hold about 1,000 people.

BLOOMBERG