Alex Kennedy is a Senior Associate in the Banking and Capital Markets department. Alex advises on all forms of secured lending, with an emphasis on real estate finance, structured finance and debt capital markets.
Alex has experience acting for borrowers, banks and non-bank lenders in relation to all aspects of real estate acquisition and development financings. On the borrower side he has experience acting for special purpose vehicles, trading companies and Irish regulated investment funds. On the lender side Alex has acted on behalf of the Irish pillar banks, foreign lenders (across the EU and the US) and non-bank lenders (who have become more active in the market in recent years). Alex also has particular experience in cross-border financings and refinancings.
Alex's Representative Transactions include:
- Acted for the lender, a real estate debt fund that is very active in the Irish/UK market, in relation to its provision of credit facilities of €45.5 million to an Irish based borrower (owned by vehicles in the UK and the Isle of Man) to finance the acquisition and development of a prime commercial property in central Dublin.
- Acted for the lender, an Austrian bank, in connection with the provision of credit facilities of approximately £48 million to two Irish special purpose vehicles to refinance their acquisition of a number of tranches of a large property portfolio.
- Provided Irish law advice to the lender in relation to the transfer of properties funded by the lender from special purpose vehicles to an Irish collective asset-management vehicle (ICAV) including any regulatory implications arising as a result thereof.
- Provided Irish law advice to the lender in relation to the acquisition by an ICAV of a portfolio of properties funded by the lender.
- Acted for a Luxembourg based lender in relation to its provision of credit facilities of €29 million to an Irish borrower to finance the acquisition of a prime commercial site in central Dublin.
