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