London,
25
May
2017
|
16:29
Europe/London

CBRE ADVISES ON €125M OF DEVELOPMENT FINANCE FOR CAPITAL DOCK IN DUBLIN

CBRE Capital Advisors has raised €125m worth of development finance on behalf of Kennedy Wilson to support the development of the iconic Capital Dock in Dublin’s Docklands. The first building, 200 Capital Dock, has just been pre-sold to JP Morgan as part of a forward funding agreement. These two sources of capital will fund the majority of Kennedy Wilson’s remaining project costs.

Extending to over 4.8 acres, Capital Dock is positioned on Sir John Rogerson’s Quay, in the heart of Dublin’s Docklands. It is one of the largest single phase ground up developments to be delivered in Dublin with over 660,000 sq ft of new mixed-use space. The campus-style scheme has been designed by award-winning Irish architecture firm O’Mahony Pike, and will include 345,000 sq ft of office space and 190 high-quality rented residential units with waterfront views.

Steve Williamson, Head of Debt and Structured Finance, CBRE
We are delighted to have secured funding for the this vibrant and iconic scheme in the heart of Dublin. Following the acquisition of 200 Capital Dock by JP Morgan, the first major occupier, we expect the scheme to continue to attract prominent occupiers creating a new public realm in the heart of the city. Capital Dock highlights the continued appetite from lenders to fund best in class projects in core locations.
Steve Williamson, Head of Debt and Structured Finance, CBRE