UK commercial property lender Octopus launches in Republic with €350m a year lending target

'The Irish commercial property market is thriving, and the launch of our commercial lending product will enable the funding of developments of scale across the commercial spectrum,' Octopus’ chief executive Benjamin Davis said. File picture

British commercial lender Octopus Real Estate has entered the Republic with a target of lending about €350m a year for commercial property transactions.

The company is offering bridging finance of €500,000 and upwards – with a monthly interest rate of 0.75% – for all types of commercial property transactions, including acquisitions, refinances, and equity release.