Dundrum Town Centre Loan Refinanced at €570m
Hammerson and Pimco Secure Long-Term Financing for Leading Irish Retail Destination
Key Points:
- Hammerson and Pimco refinanced a €570m loan secured against Dundrum Town Centre.
- The new non-recourse loan has a 30-year term, providing long-term stability for the shopping center.
- Dundrum Town Centre is one of Ireland's leading retail destinations, with over 160 stores and restaurants.
Hammerson, a leading UK property group, and Pimco Prime Real Estate have announced the successful refinancing of a €570m loan secured against Dundrum Town Centre in Dublin, Ireland.
The new loan, which has a 30-year term, replaces an existing €350m loan and provides long-term financing for the shopping center.
Dundrum Town Centre is one of Ireland's leading retail destinations, with over 160 stores and restaurants. It is located in the affluent suburb of Dundrum, south of Dublin city center.
The refinancing will allow Hammerson and Pimco to continue to invest in Dundrum Town Centre and ensure its continued success as a major retail destination.
The transaction was advised by CBRE and Matson & Co.
Sources:
- Hammerson and Pimco Refinance Dundrum Town Centre Shopping Centre in Dublin with a €570m Non-Recourse Loan
- Hammerson and Pimco Secure €350m Refinancing for Dundrum Town Centre, Dublin
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