- Multi-year facilities comprise three new lenders including Bank of Ireland and international banks ABN AMRO and ING
- New facilities follow equity investment of €250m in Q1 2026
IPUT Real Estate (‘IPUT’), Dublin’s leading property investment company, announces new €300 million revolving credit facilities (RCFs). The new RCFs have been agreed with ABN AMRO, Bank of Ireland and ING, all new lenders to IPUT, and refinance an existing facility that was due to mature in 2027. The terms are consistent with IPUT’s existing facilities and materially strengthen IPUT’s financial flexibility and liquidity. The weighted average maturity of IPUT’s debt facilities also increases to 6.2 years.
Financing Overview
The RCFs comprise a mix of three and five-year maturities, each with two one-year extension options, together with €150 million of uncommitted accordion capacity, and will sit alongside IPUT’s existing revolving credit facilities with AIB and Barclays. A €250 million portion of the financing is designated as green, further aligning IPUT’s capital structure with its sustainability objectives. Following completion, IPUT’s weighted average cost of debt remains at 2.8%, maintaining a highly attractive funding position which continues to be accretive to its dividend yield of 5.7%.
Disciplined Funding Strategy Supporting Growth
The new facilities will be used to fund IPUT’s disciplined growth strategy including funding future development opportunities and the continued expansion of its amenity and lifestyle-led flexible leasing platform, Studio. This refinancing follows the €250 million strategic investment by CBRE Investment Management in Q1 2026, which further strengthened IPUT’s balance sheet and supports the next phase of growth.
Pat McGinley, Chief Operating Officer at IPUT Real Estate, said:
We are very pleased to have completed this refinancing with three new lenders on attractive terms. The new facilities strengthen our liquidity position, extend our maturity profile and provide long-term flexibility to support our growth ambitions. Importantly, the attractive pricing we achieved maintains our weighted average cost of debt at 2.8%, reinforcing our highly competitive cost of capital and underpinning the long-term sustainability of our dividend. The inclusion of a €250 million green tranche also reflects our ongoing commitment to aligning our funding structure with our sustainability objectives.
)
