Matheson advises on deal for €40m investment at Dublin Airport
Dublin firm Matheson has advised a major aviation company on its successful tender for the design, build and operation of new fuel farm tanks at Dublin Airport under a long term services concession agreement.
As part of an agreement with Dublin Airport Authority (daa), CLH Aviación will invest €40 million to construct a new aviation fuel storage facility at the airport which will increase existing capacity six fold.
CLH will also manage the fuel and the aviation fuel storage for 20 years under the concession agreement.
Matheson partner Garret Farrelly, head of the energy and infrastructure group, led the team for the transaction.
Mr Farrelly said: “We are delighted to have been involved in this strategically important transaction for our international client CLH Aviación, Europe’s largest midstream oil terminalling business.
“The project with daa represents CLH Aviación’s first investment in Ireland and follows on from CLH Group’s recent international expansion in the United Kingdom, where they manage over 2,000 km of oil pipelines and 16 storage facilities, and in Oman, where they have established a major project involving the construction of oil pipelines and storage facilities.”
The team was supported by a number of Matheson’s specialist practice groups including Tax, Construction and Engineering, Employment, Commercial Real Estate, and Planning and Environmental.