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Matheson Advises Hines and APG on Recent Procurement

AUTHOR(S): Rhona Henry
KEY CONTACT(S): Patrick Molloy, Michael Hastings, Leonie Dunne
PRACTICE AREA GROUP: Construction and Engineering, Commercial Real Estate, Finance and Capital Markets
DATE: 06.03.2019

Matheson recently advised Hines and its partner APG in relation to the procurement of €80,900,000 financing from Wells Fargo Bank for the development of the TC2 residential plot at Cherrywood, Co Dublin.  The development will involve the construction of two five and six storey blocks containing 384 apartments, associated common areas and communal facilities to include a fitness centre, crèche, and retail units, as well as the necessary infrastructure works.

Our team was led by Finance and Capital Markets partners, Patrick Molloy and Michael Hastings, Construction and Engineering partner, Rhona Henry and Commercial Real Estate partner, Leonie Dunne, who were assisted by associates, Julianne McNicholas, Karen Elliott and Eva Baumgart.

Commenting on the transaction Rhona Henry said “We are delighted to have worked with Hines and APG on this complex deal, which is part of Hines commitment to a total capital investment of over €1.1 billion to residential building in the city, which will set a new standard in modern urban living”. 

Matheson is a market leading advisor in construction finance and is distinguished by our broad wealth of development financing experience across our Banking, Construction and Commercial Real Estate Departments. This has resulted in our involvement in many of Ireland’s largest and most complex financing projects over recent years, as well as our collaborative approach to dealing with the issues that arise on these projects.

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