LeBruin today announced that it has raised €5.6m of development finance on behalf of Development Securities PLC, a leading UK real estate development and investor, and their local partner Paddy McKillen Jnr.
The funding was raised following the acquisition of a former coal yard side in a prime Dublin location near Baggot Street bridge. The site was acquired with the benefit of planning permission for a mixed use commercial and residential scheme comprising 12 2 bedroom apartments, 6,000 sq. foot of office space, retail units and parking facilities.
The deal was welcomed by Tom Browne, Managing Director of LeBruin, who commented : “We are delighted to have been able to use our expertise and connections to raise funding for a significant development scheme in a prime Dublin location. With several similar projects in the pipeline, we look forward to announcing further funding deals in the coming months”.
LeBruin Private Limited (“LeBruin”) is a leading Corporate Finance and Debt Advisory firm based in Dublin, Ireland. LeBruin has a track record in delivering for clients in the areas of Debt Management, Debt Restructuring and Funding.
Independent and working only for its clients, LeBruin facilitates debt restructuring arrangements with NAMA, the banks and other creditors. LeBruin also specialises in matching clients with new sources of funding, delivering effective solutions in the form of senior debt and equity finance across a range of business sectors. LeBruin has established strong relationships with both traditional and non-traditional lenders in Ireland, the UK and USA. In addition, LeBruin has worked with a number of equity funds who have a keen appetite to invest in client projects, enabling us to meet our clients’ refinancing requirements.
LeBruin has restructured over €6.5 billion of debt and has raised over €10 billion in new debt and equity for its clients since inception.