Marlet Property has secured a €102m loan facility from Cheyne Capital Real Estate for The Shipping Office asset in Ireland’s capital.

Marlet said it has finalised the re-financing facility for the completed commercial development situated in Dublin’s South Docks.

The Shipping Office building offers 16,923sqm of prime office accommodation, 1,185sqm of roof garden, five terraces, 16 basement car parking spaces and 234 bike spaces.

Marlet CEO Pat Crean said: “We are proud to bring this state-of-the-art commercial building to the market. We are particularly pleased with this new re-financing facility, and I want to thank the team at Cheyne Capital for their support which exhibits strong confidence in Ireland’s commercial office market.”

Anna Bulach, Cheyne Capital Real Estate, said: “We are very impressed with Marlet’s track record of delivering high quality and environmentally driven development projects in Ireland.

“We look forward to working with them on this landmark office building which underlines our interest in best-in-class offices built for the future.”

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