Gallagher fund secures €20m in debt from PMM Group
Loan will part-finance Clyde Real Estate’s investment in numerous mixed-use sites around the country
Clyde Real Estate, the commercial property company set up by former Dragons’ Den investor and presidential candidate Sean Gallagher and telecoms entrepreneur Colm Piercy, has secured €20 million of debt from British-based real estate asset manager, PMM Group.
The loan facility will be used to part-finance Clyde’s acquisition of mixed-use office and manufacturing sites in Dublin, Shannon, Dundalk and Carlow, as well as a significant office and residential development site in Cork.
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Tapping into an eager market: pub sales on the rise again
Sales of five hostelries in Dublin closed in Q1 of 2021, generating a combined €7.2 million
Two industrial facilities go on sale in Carlow and Dundalk
A well-known site formerly used by manufacturer Braun in Carlow and a high-profile facility beside Dundalk town have been put on the market by Clyde Real Estate