TwinliteTuesday, 23 July 2019
ByrneWallace advised Twinlite, the development company led by Rick Larkin, in connection with its collaboration with Tristan Capital Partners to develop a 2.91 hectare (7.2 acre) site on Village Road in Aiken’s Village, Stepaside, County Dublin. Existing planning permission is in place for 243 units, along with a community centre, crèche and residents’ sports hall and 10 per cent of the residential development will be made available to the local council for social and affordable housing.
Twinlite is to manage the development of the scheme and will operate it upon completion. This is the second collaboration between Twinlite and Tristan Capital Partners following a forward sale agreement entered into in May 2018 for 372 units at Clongriffin, north Dublin on which ByrneWallace also advised.
The ByrneWallace team who advised on the transaction was led by Michael Walsh (Partner and Head of Property) and included Fergal Ruane (Partner and Head of Projects and Infrastructure), Martin Cooney (Partner and Head of Construction), Jonathan Lynch (Senior Associate Corporate) and Deirdre Hennessy (Senior Associate Construction).