Real EstateApril 27, 2021

Dillon Eustace advises Fiancon Builders Limited on €9.5 million sale of Fawn Lodge apartments to Solas Property Fund

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27th April 2021 - Dillon Eustace, a leading Irish law firm, recently advised Fiancon Builders Limited on the €9.5 million sale of twenty-seven apartments in Phase Two of Fawn Lodge development in Castleknock, Dublin. The transaction was one of the top 10 transactions in Q1 of 2021 according to the PNB Paribas commercial market survey.

Dillon Eustace acted on behalf of Fiancon Builders Limited, who sold all the units to one buyer, Solas Property Fund for €9.5 million. The twenty-seven apartments are made up of one entire block of twenty-three apartments and four additional units distributed across the second block within the wider fifty-two-apartment Fawn Lodge scheme. In 2015-2016 Dillon Eustace also acted on behalf of Fiancon Builders Limited, as developer and vendor in the individual sales of all the apartments in Phase 1 of development within Fawn Lodge.

Dillon Eustace’s legal team was led by Paul Eustace, Founding Partner of Dillon Eustace and a Consultant in the Real Estate team, and was assisted by Associate Solicitor Claire Gallagher and Senior Legal Executive, Jim Fitzpatrick who previously advised Fiancon Builders Limited on the sale of the apartments in Phase 1 of Fawn Lodge.

Commenting on the deal, Paul Eustace, Founding Partner and Consultant within the Real Estate team said: “The development of the private rented sector is critical to the success of the Irish economy and the development of Dublin as a leading business and financial center. With our market knowledge and experience of PRS transactions we are delighted to have advised Fiancon Builders Limited on their strategic sale of the Fawn Lodge apartments.”