In November 2019, the Allianz House Building, part of the striking Elm Park development near the Merrion Road in Dublin 4, was sold for €53 million. Property advisors TWM had closed the sale on the behalf of owners Aberdeen Standard, formerly Standard Life, to German fund Quadoro Doric. It had taken just eight weeks to finalise the deal. However, months of complex negotiations had been required to get the building ready for such a swift sale. The problem that prevented a sale at the start of 2019 was that insurance giant Allianz had only a few years left on its…

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