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Cork School of Music

Project reaches close

4th September 2005

DWPF acted as financial adviser to the successful private sector bidder, Hochtief.

 

The project comprises the construction of the new school of music, with an area of around 10,500 square metres, accommodating over 3,300 students. The new school will have an auditorium capable of holding 500 people, a recording studio, and a library with reading rooms.

 

The total capital cost is €73m, with senior debt provided by Barclays Bank plc. Subordinated debt and equity will be provided equally by Hochtief and Barclays.