DekaBank provides financing for office building in Dublin

by   CIJ News iDesk III
2022-01-11   13:45
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DekaBank has arranged and underwritten a new 40% LTV, seven year senior loan secured on 28 Fitzwilliam Street (“28 Fitzwilliam”), a Grade A office building located in Dublin, D2. The financing was provided to a fund managed by Amundi Real Estate.

28 Fitzwilliam reached practical completion in Q3 2021 and provides 135,380 sq ft of office space. With an A3 BER Rating, and targeting BREEAM Excellent and Near Zero Energy Building ratings, 28 Fitzwilliam is one of the most sustainable office developments in Dublin. The property is fully leased to a subsidiary of Salesforce Inc, for a 12 year lease term.

The financing of 28 Fitzwilliam builds on an existing lending relationship between Amundi Real Estate and DekaBank and is a continuation of DekaBank’s Real Estate Lending programme in Dublin. It commenced in 2015 and has seen DekaBank finance high profile properties including Dundrum Town Centre and the PwC Ireland HQ building on the North Docks. The financing also underlines DekaBank’s commitment to financing best in class office properties with strong ESG credentials.