Dublin's Central Plaza to be supported by JV loan from Cheyne and Hines (GB)

Central Plaza works to be supported by JV loan from Cheyne and Hines (GB)

Works at Central Plaza, a landmark mixed-use property in the heart of Central Dublin, known for originally being the home of the Central Bank of Ireland are to be supported by a senior loan from Cheyne Capital and Hines. Central Plaza is one of the project supported by the €80m joint venture loan.


Central Plaza comprises 9,290m2 of Grade A office space with flexible floorplates and a unique structural design in a prominent location in the heart of Dublin’s most iconic square. A further 6,038m2 houses food & beverage and retail accommodation. Spread across five buildings, Central Plaza currently has 13 tenants.


Andreas Dimitriou of Cheyne Capital Real Estate said: “We are pleased to be aiding the completion and stabilisation of this beautiful, landmark property in such a highly sought-after location in Central Dublin. Some of the key reasons for making this loan are the strong sponsorship that so far has managed to execute a complicated extensive refurbishment and the asset’s high quality and strong target ESG credentials, including BREEAM “Excellent”, LEED Gold and a Net Zero Carbon status.”


Peter Lynn, Managing Director of Hines added: “Following successful completion of construction and substantial lease-up and stabilisation of our Central Plaza portfolio, and in line with business plan, Hines and Peterson Group will replace the existing construction loan facility with a longer-term investment loan. We are happy to partner with Cheyne Capital in this regard as we move to the next phase of the ownership’s investment in this truly unique asset.”

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