Oaklee and AIB Corporate Banking reach financial close on an €11M refinancing deal.
Oaklee is pleased to announce the successful conclusion of a deal with AIB Corporate Banking to re-finance an existing portfolio of 5 Leinster-based scheme assets.
Commenting on the deal Oaklee's Director of Finance, Aaron Ceillier said, “This deal aligns with our funding strategy, and provides financial flexibility for our future housing delivery and asset investment programme. This deal not only delivers on this strategy but forges a strong working relationship with the Corporate Banking team in AIB and enables us to further enhance our customer service offering.”
“AIB is delighted to conclude this important refinancing for Oaklee,” remarked Cathy Bryce, AIB Capital Markets Managing Director. “This deal will support much-needed social housing delivery and investment, providing homes for families and individuals across Leinster. We are proud to partner with Oaklee and we look forward to building on our strong relationship with them to support future projects.”
The deal, the first of its kind between Oaklee and AIB, is valued at €11Mill and will not only enable further investment in Oaklee Housing assets but will also facilitate the enhancement of their tenant services and support the future growth of the company as a whole.
Oaklee is an Approved Housing Body (AHB) established in 2000 to deliver high-quality modern homes for older people, families, mature single people and people with complex needs. Collaborating with its statutory and voluntary partners Oaklee has grown its presence across 19 counties in Ireland to become one of the country’s most ambitious social housing providers. Oaklee is a member of the Irish Council for Social Housing and the Housing Alliance.
