Tag Archives: Central Park

Bank of Ireland to finance Dublin’s Central Park at tightest post crisis senior margin

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Green REIT and PIMCO have financed their acquisition of the Central Park office portfolio with a senior loan from Bank of Ireland, in the strongest indicator yet of the rapid normalizing domestic senior lending market. CoStar News can reveal that the … Continue reading

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Green REIT and PIMCO set to close Central Park buy sparking €150m financing mandate

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Green REIT has confirmed it has exchanged contracts to acquire Central Park for €311.5m in a joint 50:50 venture with PIMCO, sparking a €150m senior financing mandate on the six-strong office complex next month. PIMCO is to provide a circa … Continue reading

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Green REIT confirms €311.5m Central Park price for consortium’s acquisition

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Green REIT has confirmed the €311.5m purchase price of the soon-to-close Central Park acquisition from NAMA and approximate terms of the breakdown of the deal with joint venture partner and financier, PIMCO, and Kennedy Wilson. In the Irish REITs interim results published this … Continue reading

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Green REIT and Kennedy Wilson edge out Blackstone to win NAMA’s Central Park for c.€310m

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Green REIT and Kennedy Wilson have edged out Blackstone to win the fiercely-competitive bidding process for NAMA’s Central Park paying just over €310m for the coveted business park south of Dublin city centre, CoStar News can reveal. Green REIT will … Continue reading

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Lone Star wins NAMA’s Project Holly loan portfolio paying around €220m

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Lone Star has won NAMA’s Project Holly Irish non-performing loan portfolio paying around €220m and reflecting a circa 41% discount, CoStar News can reveal, as competition among private equity investors to deploy capital into Ireland’s fast-recovering market gathers momentum. NAMA … Continue reading

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Battle for Dublin’s Central Park: five-strong finalists emerge

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NAMA has selected a five-strong shortlist to progress through to the second and final round for Dublin’s coveted Central Park business park, multi-family and development portfolio with a pricing spread of €14.5m on first round bids. CoStar News can reveal the … Continue reading

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Battle for Dublin’s Central Park: Irish REITs each submit JV offers as bidders emerge

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Ireland’s two new REITs, Green and Hibernia, headline the list bidding for Dublin’s sprawling Central Park office, multi-family and development complex with separate joint venture partners after more than half a dozen investors submitted first round bids today. Green REIT … Continue reading

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Three-strong shortlist submit final bids for NAMA’s €250m Project Club next week

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Final bids are due next week for NAMA’s €250m Project Club with a final three-strong shortlist comprising Patron Capital, Castlelake formerly named TPG Credit and a majority-led CarVal Investors joint venture bid with its loan servicing partner Pepper Asset Servicing. … Continue reading

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NAMA appoints JLL to sell Dublin’s Central Park with €250m guide price

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NAMA has appointed Jones Lang LaSalle to sell Central Park, the suburban office park on the outskirts of Dublin City centre formerly owned by Treasury Holdings, which is expected to fetch around €250m and draw interest from public and private … Continue reading

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