Grafton Place, the mixed-use office, retail and leisure development in central Dublin, is being offered for sale, guiding at around €250M, according to Green Street News.

The prominent scheme, at the junction of Grafton Street, Dawson Street and Nassau Street, was developed by Mark and BCP Asset Management and combines Grade A offices with street-level retail and leisure tenants.

The owners previously tested the market in January 2024 with a guide price of approximately €300M for Grafton Place and the adjoining 60 Dawson Street development.

The development comprises approximately 145K SF of office space at 60 Dawson Street and 46K SF of retail and leisure at Grafton Place.

U.S. software company ServiceNow took approximately 88K SF on a 12-year lease, while Pinterest agreed a 12-year lease for approximately 20K SF.

The retail lineup includes Swedish fashion brand Arket, part of H&M Group, which opened its first Irish store at Grafton Place after signing a 10-year lease for approximately 11K SF across two floors.

Indoor golf and social entertainment operator Pitch took approximately 9K SF on a long-term lease for its first international location outside London, and virtual-reality entertainment operator Sandbox VR is another occupier.

BCP and its investment partners acquired the former Nassau House site from Aviva for more than €90M in 2015 before assembling adjoining properties to create a larger development opportunity. In 2017, a fund advised by Mark, then called Meyer Bergman, paid €110M for high-street properties associated with the project. BCP and Meyer Bergman subsequently secured more than €100M in financing to support the redevelopment.

Designed by Irish architect Henry J Lyons, the scheme was completed in 2023 after an extended development programme.

A sale at around €250M would provide a benchmark for prime Dublin mixed-use property, with buyers likely to focus on contracted rental income, remaining vacancy, lease expiries and financing costs. The development also offers exposure to Dublin's constrained prime retail market, and CBRE has highlighted limited availability on Grafton Street, where vacancy stood at 3% at the end of 2025.

Elsewhere, Aviva Life & Pensions Ireland is seeking a hotel operator to lease a new luxury hotel it is looking to develop near Grafton Street, with frontage onto Clarendon Street and South William Street.

The seven-storey, over-basement, 184-bedroom scheme will include a restaurant, bar and commercial space, subject to planning permission, plus commercial use at the ground floor and basement level and 10 apartment suites on the upper floors.

The site was acquired in 2016 by Aviva’s predecessor, Friends First, as part of its wider €30M purchase of nine retail and office properties within the Madrid Portfolio, assembled by developer Bernard McNamara.