• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

ACME NEWS ONLINE

The Pinnacle of Online News Reporting

ACME NEWS ONLINE
The Pinnacle of Online News

  • Home
  • US
  • BUSINESS
  • LIFESTYLE
  • REAL ESTATE
  • TECH/SCIENCE
  • About/Contact

CBRE GIP cornerstones Ardstone’s Dublin affordable housing fund | News

May 7, 2021 by Staff Reporter

CBRE Global Investment Partners (GIP), investing on behalf of a number of its clients, has made a €450m commitment to a fund launched by Ardstone to target social and affordable housing assets in Dublin.

European real estate investment manager Ardstone said the core, open-ended fund has acquired ten assets comprising 1,275 newly constructed units since its launch in January.

It also has an exclusive pipeline of 2,500 additional units, with more acquisitions to be announced imminently, the manager said, adding that it is set to “secure commitments from additional high calibre investors shortly”.

The fund’s initial investment secured from CBRE GIP builds on Ardstone and CBRE GIP’s partnership which started in 2013. The duo have partnered on a number of ventures in Ireland and the UK.

Line Verroken, a senior investment manager at CBRE GIP, said: ”Investing in high-quality, sustainable and affordable housing is one of our preferred investment themes. There is a growing housing shortage in the Dublin market and we are keen to play a role by providing high quality and affordable homes.

“We believe the fundamentals for this investment are very strong and provide an opportunity to create value in both financial and social terms.”

Donal O’Neill, CEO of Ardstone said: “We are delighted to continue to grow our partnership with CBRE GIP, and we are committed to building an unparalleled platform in the social and affordable sector. 

“We have been highly active in the residential market for the past five years and we are confident that our local expertise, pipeline, and sustainability knowledge will allow us to move quickly towards our ambition of scaling the portfolio to 3,500 units by this time next year and creating significant value for our investors.”

To read the digital edition of the latest IPE Real Assets magazine click here.

View Original Source

Filed Under: REAL ESTATE

Primary Sidebar

More to See

Science News | Study Suggests Some Strategies to Cut Methane Emissions Might Not Be Effective

Nairobi [Kenya], May 15 (ANI): Environmental methane emissions are fuelled by the natural burps and belches from livestock ruminants like cows, … [Read More...] about Science News | Study Suggests Some Strategies to Cut Methane Emissions Might Not Be Effective

18 foot Purple Hurricane water slide rental from About to bounce inflatable rentals in New Orleans

https://www.abouttobounce.com - Book your inflatable party rental today from About to Bounce Inflatable Rentals in New Orleans 18 foot Purple … [Read More...] about 18 foot Purple Hurricane water slide rental from About to bounce inflatable rentals in New Orleans

NJ Realtor, Matthew Valencia is Offering an Innovative Approach to Buying and Selling Luxury Homes in New Jersey

… [Read More...] about NJ Realtor, Matthew Valencia is Offering an Innovative Approach to Buying and Selling Luxury Homes in New Jersey

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · SLD Chicago . Log in