27th May 2020
Marlet signs its first finance deal with AIB for €33 million
27th May 2020 – Marlet finalised a €33 million financing facility with Allied Irish Banks plc for the development of up to 142 apartments at its Walled Garden scheme in Dundrum.
Our CEO, Pat Crean said: “This is our first financing transaction with AIB and we are delighted that the bank has demonstrated such confidence in our business, particularly given the challenging economic environment. Marlet continues to develop a significant portfolio of residential schemes and Walled Garden in Dundrum will set a new benchmark for quality in the market.”
AIB’s Head of Land and Development, Real Estate Finance, Derek O’Shea said: “AIB is committed to playing a vital role in home building in Ireland. We are delighted to support Marlet in this transaction, which will ultimately deliver much needed high-quality housing units in Dublin 14. We look forward to working with Marlet again.”
Walled Garden brings this superbly located site off Wyckham Way, near Dundrum Town Centre, sensitively into the 21st century. Though the interiors and finishes will be very much up-to-the-minute in terms of quality and design, the 19th-century walls and farmyard buildings – as the name suggests – will be a key feature of this development.
Marlet’s environmental ethos extending to waste collection
Marlet’s development, Mount Argus, in Harold’s Cross was selected by AES Bord na Móna for the trialling of the first in a new game-changing fleet of zero-emission electric refuse collection vehicles (eRCVs) as part of its ongoing environmental commitments.
19th June 2020