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.
Case details
- Notification date:7 November 2017
- Publication date:7 November 2017
- Economic sector:Real estate activities - M
- Economic sub-sector:Real estate activities - M.68
- Outcome:Cleared
Documents
M.17.062 Merger AnnouncementPDF | 109 KBM.17.062 Merger Announcement PDF | 109 KB - Opens in new window
M.17.062 DeterminationPDF | 164 KBM.17.062 Determination PDF | 164 KB - Opens in new window
Timetable
Parties Involved
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.
Contacts
