Our Commercial Property team represents a broad spectrum of domestic and international clients – including developers, private and institutional investors, banks and other financial institutions, retailers, health care providers and public and semi-state bodies.
Our highly experienced specialists offer expertise covering the full range of commercial property transactions, including:
- Site acquisition.
- Construction and development.
- Commercial leasing.
- Sale and purchase of all types of commercial properties.
- Secured lending.
- Property syndication and other co-ownership arrangements.
We handle high value, sophisticated real estate disposals and acquisitions – including office blocks, retail schemes, nursing homes and multi-family investments. We advise house builders on the setting up, construction and sale of housing schemes.
We offer particular expertise in large-scale property due diligence projects and the remediation of title and security problems. We advise mortgagees, receivers, liquidators and examiners on dealing with distressed property assets, often working with our colleagues in our Banking, Corporate and Insolvency teams to provide an integrated service.
We are specialists in landlord and tenant issues, acting for landlords and tenants of all types of commercial property, including in the retail and healthcare sectors. We advise on all elements of commercial leasing – from initial lettings, assignments and surrenders of leases to day-to-day estate management issues. In every case we deliver practical advice tailored to each client's business needs and requirements.
Our recent experience includes advising:
- Friends First on the acquisition of the Citypoint building in Eyre Square, Galway a fully let mixed retail, office and residential development.
- A NAMA receiver on the sale of over 270 acres of mixed zoned development land at Tyrrelstown, County Dublin for a price in excess of €65m.
- Tristan Capital Partners and SW3 on the newly planned EXO building, the 73 metre office building that will be Dublin’s tallest, located beside the Point Village at North Wall Quay in Dublin.
- Tristan Capital Partners and SW3 on the €51m acquisition of 138 apartments at Elmfield, Leopardstown, Dublin 18.
- NAMA on the disposal of the Emerald & Ruby and the Gem loan portfolios, being 2 of the top 5 European distressed property loan sales in 2016.
- Various successful purchasers and financiers in the “Project Stone” loan sale process being a distressed commercial real estate loan portfolio from IBRC, with a significant portion of the debt secured by Irish assets.
- A US private equity firm in its acquisition of four prime office buildings located in Dublin’s Central Business District and the subsequent disposal of these assets to Starwood Property Trust, a US mortgage REIT. This deal, known as Project Molly, was the largest direct Irish real estate transaction of 2015.
- SW3 Capital & Tristan Capital Partners in the acquisition of 197 apartments, Neptune Block, Honeypark, Dun Laoghaire Co. Dublin for €72.55m.
- A US private equity fund on the purchase and financing of a prime retail and residential development in Dublin City Centre, at South King Street and Chatham Court, off Grafton Street Dublin for €41m.
- A real estate investment fund in connection with its refinancing and redevelopment of the landmark Red Cow hotel, entertainment and conference venue in West Dublin.
- Centric Health on the fundraising and expansion of its Primary Healthcare Centres to include the acquisition of 12 new sites.
- Noonan Construction in the setting up of a number of residential development schemes in Leinster, including advising on site acquisition, construction, financing, preparation of scheme documents and ongoing disposal of these schemes.
- An overseas purchaser in the purchase of Abbeville, Kinsealy, County Dublin and assisting in its proposals on purchase.
- homestore + more on the expansion of its retail footprint and all property issues relating to its 20 stores throughout Ireland.
- Kuehne + Nagel in relation to its leasing arrangements in Ireland.
- Allied Irish Banks plc on the provision of loans to various entities for property finance acquisitions, including commercial office blocks, residential blocks, development land and investment opportunities.
