M/17/062 – DekaBank/Gibson

Transaction details

The proposed acquisition by WestInvest Gesellschaft fur Investmentfonds mbH, a wholly owned subsidiary of DekaBank Deutsche Girozentrale, of sole control over certain assets, namely a long leasehold in the property at which The Gibson Hotel is currently trading at Point Square, Dublin 1, has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Tuesday November 7, 2017 Friday, December 15, 2017
Parties Involved Business activities
DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale, part of the Deka Group, provides asset management and capital market solutions to savings banks in Germany. DekaBank Deutsche Girozentrale also provides finance to Irish-based borrowers. The Deka Group owns the following property assets in the State: Mahon Point Shopping Centre, Co. Cork; Whitewater Shopping Centre, Co. Kildare; the Clayton Hotel, Upper Leeson Street, Dublin 4; and the Maldron Hotel, Smithfield Square, Dublin 7.

A long leasehold in the property at which The Gibson Hotel is currently trading at Point Square, Dublin 1.

The Gibson Hotel is controlled by Stephen Tennant and Paul McCann, acting in their capacity as joint receivers for Harry A. Crosbie, the current owner of the hotel.

Economic sector Media merger
Real Estate No
Submissions from third parties due by:
Phase 1 Phase 2
Tuesday, November 21, 2017
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Barry O'Donnell

Email: barryodonnell@ccpc.ie
Telephone: 014703696

Media enquiries: doireannsweeney@ccpc.ie

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