Spencer Dock developer gets €90m financing

The company behind the second phase of the Spencer Dock development has secured €90 million funding for the second phase of the…

The company behind the second phase of the Spencer Dock development has secured €90 million funding for the second phase of the project.

Treasury Holding will receive the funding from a syndicate, which comprises a number of firms, including Anglo Irish Bank, AIB and IIB.

This brings the total funding for the project to more than €400 million. The Spencer Dock development is due for completion in 2010 and includes apartments and office space.

It will house more than 6,000 people and provide office space for another 25,000.