Valpre Capital, a London-based private equity real estate investment firm, together with Revelate Capital, an Irish-based real estate investment and development business and a UBS-managed fund, today announced the completion of the sale of 18 Newmarket Square, Dublin 8, to MEAG, the asset manager of Munich RE.
The transaction represents one of the most significant recent residential investment deals in Dublin and underlines continued confidence in the city’s rental housing market.
18 Newmarket Square is a landmark residential development in Dublin 8, comprising 134 high-quality build-to-rent apartments, a retail unit, 301 designated bicycle parking spaces, a co-working lounge, public amenities, a landscaped courtyard and 3 communal rooftop gardens designed to foster a dynamic community spirit. The scheme makes a meaningful contribution to addressing the Dublin’s acute housing shortage, delivering much-needed homes in a prime urban location.
The development occupies a prominent position on Newmarket Square in the Liberties, one of Dublin’s most vibrant and historic districts. Located at the heart of the Liberties, the scheme forms part of the wider regeneration of this rapidly evolving neighbourhood and benefits from strong connectivity to the city centre and key employment hubs.
Newmarket Square delivers a carefully considered mix of studio, one-, two- and three-bedroom homes, constructed to Nearly Zero Energy Building (NZEB) standards and targeting leading sustainability and digital connectivity credentials. The project was designed by Reddy Architecture + Urbanism, one of Ireland’s leading architectural practices, and constructed by Walls Construction, supporting local employment throughout the build phase. Financing was provided by Fairfield Real Estate Finance, backed by funds managed by Oaktree Capital.
The acquisition highlights Dublin’s continued attractiveness as a destination for long-term residential investment, driven by strong population growth, a growing workforce and a persistent undersupply of modern rental accommodation. Well-located, energy-efficient developments such as Newmarket Square remain in high demand among both renters and investors.
Sami Hakim, Partner at Valpre Capital, commented: “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 & CEO of Revelate Capital, commented: “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.”
