Pat Crean’s Marlet Property Group has secured €65 million in development finance from AIB to fund the construction of One Lime Street, a new scheme of 216 apartments it is delivering in Dublin’s south docklands.
News of the deal comes just two months after AIB decided to provide Marlet with a €33 million loan to finance the development of up to 142 apartments at its Walled Garden scheme at Dundrum in south Dublin.
One Lime Street will comprise a mix of 216 one- and two-bedroom units. The development will have a concierge service, and be complemented by an onsite gym, multipurpose rooms and retail space at street level. It will also include some 13,000sq ft of landscaped communal space.
The Walled Garden meanwhile will feature a mix of one- and two-bedroom apartments, along with 2,149sq m (23,132sq ft) of public open space including a play area, seating and pond features.