Limerick Twenty Thirty’s Joint Venture With ISIF Holmes O’Malley Sexton LLP (Holmes) recently advised Limerick Twenty Thirty (LTT) on its €80 million Joint Venture Partnership with Ireland Strategic Investment Fund (ISIF). The partnership represents ISIF’s largest direct commitment to date under its €500 million investment programme for Cork, Galway, Kilkenny, Limerick and Waterford, which was announced in 2022. The aim of the programme is to direct significant investment towards each city, creating new places to work and live, with the eventual goal of regenerating their respective city centres. The joint venture will see the development of One Opera Square. The site is located at the corner of Michael Street and Ellen StreetLimerick and covers six flexible-use floors. This location provides for around 10,000 square metres of Grade A office space, with the ability to accommodate several tenancies per floor and up to 1,000 employees in the building. Once completed, the development will offer restaurant and retail units at ground level with an external seating area in the public square, external landscaped roof terraces and world-class cycle facilities for employees. Holmes advised LTT with a team led by Partners Sandra Egan and Lisa Killeen and Of Counsel Caroline Connolly. Lorraine Power, Partner, Gillian Butler, Senior Solicitor and Nicola Hackett, Solicitor also advised. The team provided multi-disciplinary services to LTT, including input from lawyers advising from across the firm’s commercial real estate, banking and finance, corporate and construction teams throughout the transaction. ABOUT THE DEAL 78 LAWYER MONTHLY MAY 2023
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