Our Story
Activate Capital was founded in 2015 to address the shortage of debt capital available for property development in Ireland.
Passionate about our business
With cornerstone investment from the Ireland Strategic Investment Fund ("ISIF") and KKR, we have to-date advanced loans of €1.9 Billion across 75 sites with capacity to deliver over 18,250 homes.
Since inception, our business has evolved to funding all forms of development, including phased Housing, PBSA, PRS, Mixed-use and Office schemes. We have achieved this in partnership with an expanded institutional investor base.
Our Evolution
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2015
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November
Launch of Activate Capital attended by Michael Noonan, Minister of Finance and Johannes Huth, Head of KKR Europe
2016
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March
First transaction closes; site and working capital funding for developments in Kildare and Dublin with potential for 400 units.
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June
Signed a lease for Activate's first office at 98 St. Stephen’s Green, Dublin
2017
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July
Executed a €50m financing for a listed homebuilder for a prime site in Dublin City Centre zoned for high density.
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July
Closed a €75m transaction with an institutional counterparty to fund the acquisition and development of three large scale in-production sites in Dublin.
2018
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June
Activate's first €100m+ financing towards the delivery of 280 apartments and 355,000 Sq ft of office on a Dublin City regeneration site
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June
Step up of Activate commitments with ISIF
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September
Building our presence across regional locations with deals in Cork and Galway with leading developers
2019
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November
Capital partnership with Man Group and Finnish pension fund
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November
Financing the first signed Enhanced Lease with Bartra, Stoneybatter
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December
First Student Accommodation (PBSA) financing deal agreed alongside Roundhill Capital
2020
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October
First commercial-focused lending vehicle established which provided financing of €90m alongside PIMCO to finance the development of 180,000 sq ft of commercial office space by Marlet Property Group in Dublin City Centre
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December
A €100m loan facility across two large developments in Dublin to support residential and related developments at Adamstown and Portmarnock, where Quintain Ireland had aggregate capacity for 4,300 new houses and apartments.
2021
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July
Completion of a flagship scale residential project for Government affordable housing delivery, on public lands and in partnership with private sector
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September
Sign new office lease at 62 Fitzwilliam Square
2022
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November
Development finance for Purpose Built Student Accommodation in North Dublin delivered by Elkstone and Harrison Street
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December
Provided site and working capital facilities towards lands in Drogheda, Co. Louth with potential for 1,000 housing units alongside Castlethorn and Pearl Residential Equity fund
2023
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March
€385m funding partnership with AIG to support Marlet Property Group in delivering over 1,000 apartment units across Dublin City
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April
Development financing for 241 apartments in Blackrock, Dublin with Lioncor
Our Mission
To accelerate the delivery of affordable, mixed tenure housing and real estate that is enhancing to society and is delivered in a prompt yet considered way.
We share many ambitions with our customers:
- Driving success through long-term partnerships
- Targeting investments which provide energy efficient and affordable homes
- Engaging with Government and Construction Industry Groups to accelerate housing delivery
Our Funding Partners
Our platform provides institutional investors with a unique access point to scale, programmatic capital deployment, in an underserved marketplace.
A leading global investment firm with more than US$519 billion of assets under management. The firm operates from 23 locations internationally.
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The Irish Strategic Investment Fund (ISIF) is a sovereign development fund, with a dual mandate of investment return and Irish economic impact.
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