Kennedy Wilson and AXA IM Alts have completed the refinancing of circa €447M of maturing debt secured against five apartment assets in Dublin and Cork that form part of a 50-50 Irish joint venture established in 2018.
The five-year facility has been secured from Wells Fargo and Deutsche Bank following a process run by Eastdil that received strong interest from lenders, according to the joint venture partners. It is also a welcome boost to Ireland’s debt market, which has been keen to attract more international capital.
The fully leased assets include Clancy Quay, Sandford Lodge, the Alliance and The Grange East in Dublin, plus…