Funds managed by alternative investment firm Värde Partners have provided a €70m loan to Moran Group for the refinancing of commercial real estate assets in Ireland’s capital.
Värde said an entity owned by the unnamed funds has provided the finance for the Rockpoint apartment complex, the Red Cow Moran Hotel and adjacent Red Cow Inn pub located in southwest Dublin.
Michael Moran, a director at Moran Group, said: “We would like to thank Värde Partners for backing us on this financing, and we look forward to growing our business with their continued support.”
Tony Iannazzo, a partner at Värde, said : “This deal exemplifies Värde’s tailored, partnership approach to structuring financing solutions for strong borrowers backed by well-located assets.
“We are pleased to partner with the Moran Group during an exciting chapter in their history, particularly with the launch of Rockpoint, bringing high-quality housing to the undersupplied Dublin market.
“We welcome opportunities to work with asset owners across Europe as they navigate a dynamic real estate market.”
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