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Friends First has acquired nine retail and office properties mainly in South William Street and Clarendon Street in Dublin city centre which formed part of the Madrid Portfolio for in the region of €30M. HWBC advised Friends First on the transaction. The portfolio included assets linked to borrower Bernard McNamara who had assembled the properties as part of a larger development play in the area. This area of the city has been of significant interest from investors and occupiers in recent years due to its proximity to Grafton St. and the vibrant ambience of its streets and buildings which is quickly becoming Dublin’s cultural and creative quarter.
For press coverage see here.