PMM Real Estate Finance has closed its inaugural transaction in Ireland, providing a facility of up to €30m to Westpark Shannon Limited to refinance the Westpark Business Campus located on the west coast of Ireland.
The property comprises two fully tenanted grade A offices providing over 200,000 sq. ft. of space, four development plots, car parking and ancillary land located adjacent to Shannon International airport.
Westpark Business Campus has attracted global blue-chip companies including GE Capital Aviation Services, AerCap and DHL. In addition, the campus is host to several SME’s involved in the aviation, finance and IT sectors.
Gareth Williams, Partner of PMM REF commented:
“We are delighted to be able to support Westpark in the refinance of this superb business park. The strength of the covenants, the quality of the buildings and the expertise of the Westpark team were the key drivers of our interest.”
Brian O’Connell, Westpark commented:
“PMM worked closely with us to efficiently execute this refinancing and we are pleased to have them as our financing partner. We very much appreciate their approach and drive to get the deal done.”