Glenveagh Properties has struck a forward-funding deal for a Dublin hotel scheme with Germany’s Union Investment.
Union Investment has agreed to buy the 262-bedroom Premier Inn in Glenveagh’s Castleforbes development in the Dublin Docklands, as part of a €70m (£60m) forward-funding arrangement.
Construction of the Whitbread-run hotel will begin next month and is expected to complete during late 2023.
The hotel will sit in a wider scheme that includes 1,256 flats and the 135,000 sq ft Freight Building office block.
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