Saturday January 18, 2020

Starwood loans €35m for Irish commercial property portfolio to mystery investor

Financing arm of property giant confirms that six-year loan would aid the purchase of 12 commercial properties in central Dublin

Ian Guider

Markets Editor

12th January, 2020

The financing arm of property giant Starwood has loaned €35 million towards the acquisition of an Irish commercial property portfolio.

Starwood European Real Estate Finance said the six-year loan would back the acquisition of 12 properties in central Dublin. The properties are primarily office developments along with small amounts of retail and residential space totalling over 600,000 square foot in total. The company said it expected to earn an attractive risk-adjusted return from the loan,...

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