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23 Mar 2026
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23 Mar 2026
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Hawthorn House, home to both General Motors and Kneat Solutions, has changed hands
A LANDMARK office complex in Limerick has been sold to a French investor.
Hawthorn House, which is located within the Plassey Innovation Campus, close to the National Technology Park in Castletroy, has changed hands from Irish real-estate investor Fine Grain, to French firm SCPI Transactions Europe.
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The grade A office building totals approximately 50,000 square foot across four floors.
It features 199 car parking spaces.
Opened in 2019, Hawthorn House is fully let to General Motors and Kneat Solutions.
The building holds a number of environmental certifications.
This latest transaction follows the acquisition by Fine Grain of the neighbouring Three Building, and the sale of neighbouring Hamilton House II, both in late 2024.
Darragh Lennon, the chief operating officer of Fine Grain Property, said: “The sale of Hawthorn House to a leading French institutional investor highlights the appeal of the Plassey Innovation Campus and Limerick as an investment location. At the Plassey Innovation Campus, we have created, over the past number of years, a workplace community where innovation is thriving and it continues to attract high quality international and Irish occupiers who want to access the talent from the University of Limerick. The transaction underpins our strategy to realise value for investors while further deepening market confidence in the Limerick office sector.”
Fine Grain was advised by Fergal Burke and Artem Makarevitch of Avison Young on the commercial aspect of the sale.
Michael Neary of Philip Lee advised on the legal elements of it.
Arkéa REIM, the parent company of SCPI Transactions Europe was advised by Henry Timmis and Chris Rees of Sienna IM and Craig Kenny and Ben Conroy of Dentons.
Fine Grain Property is an Irish-owned international commercial real estate investor and operator, which has invested more than €355m across Ireland since 2016.
Its portfolio consists of around 1.3 million square feet of commercial real estate in 18 buildings hosting more than 65 global employers at locations across Ireland.
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