Francis Rhatigan’s Winterbrook has begun formulating plans for it latest apartment scheme following the off-market purchase of a prime south Dublin site from the Society of Mary (Marist Fathers). While the value of the deal has not been disclosed, The Irish Times understands the developer has paid about €20 million for the Mount St Mary’s site in Milltown, Dublin 14. Mr Rhatigan’s acquisition and development of the 3.95 acre (1.6 hectare) site is being supported by State-backed lender Activate Capital and by existing Winterbrook shareholder BGF. Activate has provided €35 million of site acquisition and development finance, while BGF has provided €4 million to support the project. Surrounding areaCommenting on his company’s latest site acquisition in Milltown, Winterbrook’s managing director Francis Rhatigan said: “We are absolutely thrilled to have acquired it.

Source: The Irish Times December 02, 2020 06:00 UTC