Camden Place, Cork City
Camden Place, Cork City
Site Acquisition Finance
Location:
Camden Place, Cork City
Number of Units:
Planning lodged for 200 bed hotel
Loan Amount:
€3.29 Million
The promoter is using the loan to acquire a site on Camden Quay in Cork City, which benefits from 30m of frontage onto the River Lee. The property is situated in the Victorian Quarter facing south and extends to 0.49 acres. To the front of the site is a six bay Victorian era Venetian style building, formerly used as the Cork Circuit Court. The promoter intends to build a 200 bed hotel on the site.
As part of this loan, Santiago Capital also took additional make-weight security over impressive early 19th century Georgian office buildings located on South Terrace in Cork City.
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