RBC Real Estate Capital Partners has provided Lone Star’s fifth real estate fund with €120m financing facility for a residential development Ireland.
RBC said it financed the acquisition of a 71-acre serviced residential development site in Cherrywood, Dublin by an affiliate of Lone Star Real Estate Fund V.
The €120m facility will be used to finance the acquisition of the site and to part-fund the development of around 2,800 build-to-rent and for-sale units.
Quintain is the project’s development manager.
