ING and Deka have provided a €144m loan to finance AGC Equity Partners’ acquisition of One Spencer Dock in Dublin.
The five-year loan reflects a 59.5% loan-to-value on the €242m acquisition price. ING provided €56m of the loan and Deka €88m, pari passu.
From 12 August: Ireland’s largest office sold for €242m
The 226,000 sq ft office next to the future home of the Central Bank of Ireland is fully occupied by PwC. It was bought by AGC from receivers at EY.
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