Documents recently filed with the companies office show that Boundary Acquisitions, which is jointly owned by McFadden and his wife Leisa Benner, registered a mortgage backed by Anglo Irish bank for the Kalverton shopping centre, which it acquired from DB Real Estate (DBRE) in March. The deal, which saw McFadden pay a premium of €25m over the shopping centre’s book value, will see the financier achieve a 5% yield on the prestigious Kalverton, which is housed in a 110-year-old building and boasts retail tenants including Hugo Boss, Tommy Hilfiger and Timberland.
The sale had been held up temporarily over a legal dispute between DBRE and another Dutch company, NBM Vastgoed, which had claimed it had done a deal with DBRE to buy Kalverton in 2004.
McFadden is one of the most high-profile dealmakers in the country. The share price of his Irish Estates property and facilities services business has soared by 160% since he floated it on Dublin’s IEX market and London’s AIM last September.