Cheyne Capital Real Estate completes €80m senior loan with Hines/Peterson Group JV

Cheyne Capital and Hines have completed a senior loan of €80 million ($85 million), which is being made to a joint venture between Hines and Peterson Group, a globally diversified family business owned by the Yeung family. The loan is being used to refinance an existing facility and to support select fit-out works at Central Plaza, a landmark mixed-use property in the heart of central Dublin, known for originally being the home of the Central Bank of Ireland.

Central Plaza comprises 100,000 square feet of class A office space with flexible floorplates and a unique structural design in a prominent location in the heart of Dublin’s most iconic square. A further 65,000 square feet houses food & beverage and retail accommodation. Spread across five buildings, Central Plaza enjoys high occupancy levels from its diverse mix of 13 tenants.