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Ireland: Private equity real estate investment firm Valpre Capital, together with Revelate Capital and a UBS-managed fund, have completed the sale of build-to-rent (BTR) development 18 Newmarket Square in Dublin.
Located in Dublin 8, the 134-unit BTR project Newmarket Square has been acquired by MEAG – the asset manager of Munich RE.
Homes range from studios to three-bedrooms, with the wider scheme including a retail unit, 301 bicycle parking spaces, a coworking lounge, public amenities, a landscaped courtyard, and three rooftop gardens.
It has been constructed to Nearly Zero Energy Building (NZEB) standards and is targeting “leading sustainability and digital connectivity” certifications.
The project has been designed by Reddy Architecture + Urbanism and constructed by Walls Construction. Financing was provided by Fairfield Real Estate Finance, backed by funds managed by Oaktree Capital.
Sami Hakim, partner at Valpre Capital, said: “We are proud to complete the sale of Newmarket Square alongside our partners. This development delivers high-quality new rental homes in Dublin 8 and reflects the depth of demand for well-designed, sustainable housing in the capital. Our experience in Dublin continues to reinforce our long-term commitment to investing in the city’s living and mixed use sectors.”
Mark O’Brien, founder and CEO of Revelate Capital, added: “This is our second development in the Newmarket district following the Eight Building, and we are extremely proud to see Newmarket Square completed to such a high standard. The project reflects our commitment to thoughtful urban regeneration and to delivering homes that respond to Dublin’s evolving housing needs.”
Highlights:
- Valpre Capital, alongside Revelate Capital and a UBS-managed fund, have completed the sale of the 18 Newmarket Square BTR development in Dublin 8
- The 134-unit build-to-rent scheme has been acquired by MEAG, asset manager of Munich RE
- The project includes studio to three-bedroom homes, retail space, coworking facilities, landscaped courtyards, rooftop gardens and 301 bicycle parking spaces
- It has been built to Nearly Zero Energy Building (NZEB) standards and targets “leading sustainability and digital connectivity” certifications
- Reddy Architecture + Urbanism led design, with construction by Walls Construction and financing from Fairfield Real Estate Finance, backed by Oaktree Capital-managed funds
