Operis provided financial model audit with tax and accounting due diligence services to funders Allied Irish Bank, DEPFA Bank, Ulster Bank and Barclays, for the €250 million limited-recourse debt financing of the new National Conference Centre in Dublin, which is procured by the Irish Office of Public Works as a PPP Project. The chosen site for the build is Spencer Dock on the north side of the river Liffey in the heart of the financial zone of the city. Financial close was achieved this morning.
The NCC will be a modern, purpose-designed facility located in the Dublin area, which will be an attractive venue for major internationally-sponsored conference and exhibition events. A 250 room hotel is included.
The project is being developed by a Treasury Holdings consortium, with Construction Management Partnership (John Sisk) as the D&B subcontractor already on site. KPMG and Arthur Cox provided advice to the Consortium, and Operis was partnered by other funders’ advisers, Arup and Ashursts.