We have partnered with Ashurst on advising a lending syndicate on a €350 million term facility secured against Ireland’s leading retail, leisure and lifestyle destination, Dundrum Town Centre.

The lending syndicate comprises Rothesay Life Plc, BNP Paribas and DekaBank Deutsche Girozentrale as mandated lead arrangers, bookrunners and lenders.

The transaction is expected to be one of the largest single-asset refinancings in the Irish market in 2024. Dundrum is owned in a 50/50 JV operated by Hammerson PLC and Allianz.

The Arthur Cox team was led by Imelda Shiels (Banking and Finance) and Deirdre Barrett (Real Estate) and included Siobhán Fox (Banking & Finance), Ramona Morrisroe, Sarah O’Mahony, and Elaine Caulfield (Real Estate), Claire Murnane (Banking and Finance), Shane O’Neill and Ciara Dooley (Construction and Engineering), Orlaith Kane (Tax), Ian Dillon (Asset Management and Investment Funds) and Sophie Frederix (Corporate and M&A).  

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