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Deal Agreed For Purchase Of Property On Dublin's Dawson Street That Includes Hospitality Venues

Published on Sep 6 2021 11:58 AM in General Industry tagged: Trending Posts / marco pierre white / Lemon & Duke / Royal Hibernian Way / Beauparc Utilities / Aviva Investors / Isabelle's

Deal Agreed For Purchase Of Property On Dublin's Dawson Street That Includes Hospitality Venues

The founder of the Ireland's largest waste company, Beauparc Utilities, has agreed a deal to purchase Royal Hibernian Way, which includes a number of hospitality venues, on Dublin's Dawson Street for €74 million.

As reported by The Irish Times, Eamon Waters is understood to have exchanged contracts on the transaction with the scheme's owners, Aviva Investors.

Hospitality Venues

Royal Hibernian Way's hospitality venues includes the Marco Pierre White steakhouse, Isabelle's restaurant and the Lemon & Duke bar.

Interested Parties

When Royal Hibernian Way was first hit the market in September of 2020 via joint agents JLL and TWM with a guide price of €80 million, it reportedly attracted offers from a number of parties including German family-office investor AM Alpha, Derek McGrath’s Core Capital and US private equity giant Lone Star’s Irish affiliate, Hudson Advisors, and while AM Alpha was reportedly said to have been in pole position to purchase the scheme at one point, a deal reportedly did not proceed.

"Contracts Have Exchanged"

Both JLL and TWM reportedly declined to comment when contacted by The Irish Times, but a spokesperson for Aviva reportedly said, "We can confirm that contracts have exchanged on Royal Hibernian Way. This transaction is subject to strict confidentiality and no further details can be disclosed."

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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