Standard Chartered provides EUR238 million financing facility to M&G and Marlet for the College Square development in Dublin
on May 29, 2025London, UK – 29 May 2025. Standard Chartered is pleased to announce its role as sole underwriter, mandated lead arranger, and hedging bank in the EUR238 million financing facility with M&G and its development partners, Marlet Property Group, for the College Square development in Dublin, Ireland.
College Square is a state-of-the-art project, now the tallest building in Dublin, encompassing a mixed-use development with 416,000 square feet of office accommodation, 58 residential apartments and ground floor retail space.
The refinancing agreement follows Workday’s decision to lease the entirety of College Square’s super prime office space, marking Europe’s largest single European office leasing transaction since 2021.
It qualifies as a Green Loan under the Green Loan Principles due to College Square being one of the most sustainable buildings in Ireland, having achieved LEED Platinum Certification and targeting WiredScore Platinum and A3 BER ratings.
Ronan O’Dowd, Global Head of Commercial Real Estate, Standard Chartered said: “We are proud to support M&G and Marlet as mandated lead arranger and sole underwriter in their refinancing for the College Square development as it enters into its final stages – a landmark project that represents the future of Dublin’s urban landscape. This green loan financing facility underscores our commitment to backing transformative developments that deliver long-term value for communities, investors, and the city itself.”
Pat Crean, CEO of Marlet, commented: “We are delighted to have closed our first financing facility with Standard Chartered. This new facility brings us through the next chapter of the College Square development while Workday completes preparations to occupy the building and our PRS platform, DUBLIV, completes the leasing of the residential units.”
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For further information please contact:
Julien Moity
Senior Communications Manager
Standard Chartered
Email: julien.moity@sc.com
Kate Matthews
Senior Communications Manager
Standard Chartered
Email: kate.matthews@sc.com
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