We are pleased to announce that Activate Capital and Lioncor have agreed a €75m development finance facility, to support the delivery of 241 residential units at Alta Verde, Blackrock. Works have commenced on this high-quality apartment scheme, which is targeting best in class amenity and sustainability standards. Thank you to our advisor team: A&L Goodbody LLP, conwaymcbeth and Lisney Ireland.
Best of luck to the team in O’Malley Construction Company on this weekends launch at Maolchnoc in Knocknacarra, Co. Galway.
We are pleased to announce that we have closed, in partnership with AIG, a €384m development finance facility, supporting Marlet Property Group in delivering more than 1,000 high-quality, well-located apartments in Dublin. Thank you to our advisor team including A&L Goodbody LLP, Arthur Cox LLP, Mitchell McDermott and JLL. To read the full Irish Times article click here.
Well done to the team at Quintain Ireland on the successful launch of Aderrig, Adamstown, Co. Dublin. It was great to see so many prospective purchasers at the site over the two days. Read the Irish Times feature article here.
Best of luck to the Adroit team for the launch of their exciting new development Kilternan Wood this weekend. Click here to view video footage of the scheme.
Activate Capital are delighted to support Elkstone and Harrison Street in funding the development of Stoneybatter Place. This high-quality development will deliver much needed student beds to the market for the 2023/24 Academic Year.
We wish the team at Wood Group Homes great success on their new Greenwood development in Kinsealy, Co. Dublin. Further details on this recently launched scheme can be found here.
Activate Capital were in attendance as HISCo marked the commencement of the PANCR Road in North Drogheda today. This significant investment will support the development of up to 5,000 new homes in the area and has been delivered through Castlethorn; Housing Infrastructure Services Company (HISCo); Ballymakenny Developments Ltd and Louth County Council. Activate Capital are delighted to…
Great to see the next phase of new homes launching at The Willows in Dunshaughlin, Co. Meath. Best wishes to GEM Construction.
Activate Capital are pleased to announce that Colin Jackson has been promoted to Investment Manager. Congratulations Colin! The team wishes you every success in your new role.
A pleasure to be on site this week with our long time customer Murnane OShea Ltd. We visited their developments at Ballincollig and Carrigtwohill, which combined are delivering over 500 new family homes. Activate Capital are proud to be supporting Murnane OShea Ltd in their continued delivery of new homes to the Cork market.
Activate Capital looks forward to attending the Irish Green Building Council Better Homes 2022 Conference. Dan Murphy will join a panel to discuss the EU Taxonomy and how it will affect the construction of new homes in Ireland.
Well done to Adrian and Loredana, two transition year students who joined us this week as part of the NEIC Work Experience Programme. The students had an eventful week with site visits, market research and gaining overall knowledge of the sector. We wish Adrian and Loredana all the very best for what we are sure…
Best wishes to our customers with new home schemes currently launching across Dublin, Louth, Cork and Galway – delivering much needed supply of high quality, affordable and sustainable new housing developments.
Activate Capital Limited expands Quintain Ireland development finance facility supporting the construction of 227 homes for owner-occupiers, as part of the next phase of development at Adamstown. Read the full article from React News here.
Activate Capital would like to wish the team in O’Malley Construction Company great success with their first launch of Maolchnoc. Maolchnoc is a modern development of spacious three and four bedroom homes, conveniently located just off Ballymoneen Road, on the west side of Galway.
Team Activate Capital were proud to be a cornerstone sponsor of Dragons at The Docks in aid of Dublin Simon Community. We enjoyed a great day out, well done to our team in winning our heat and congratulations to all organisers, participants and the winners O’Connor Sutton Cronin.
We are delighted to welcome Linda Apse to the Activate Capital team as Financial Analyst. Linda joins us from Therabody and previously Grant Thornton, where she trained and completed her ACCA qualification. A great addition to the team – welcome Linda!
Great to be on site for the opening of the Tuath Housing Association cost rental apartments in Kilcarbery with Minister Darragh O’Brien on Tuesday. Activate is proud to support the Adwood team on this remarkable scheme which will deliver over 1,000 social, affordable and private units at Kilcarbery Grange. A fantastic achievement and congratulations to…
Activate Capital are pleased to announce career progression within the team. Congratulations to Mark Conlon who has been promoted to Investment Director and to Lauren Kelly who has been promoted to Financial Controller. We know you will join us in wishing both Mark and Lauren the very best of success in their new roles.
Activate Capital wish the Lioncor team all the best in delivering the Alta Verde development in Blackrock, Co. Dublin. Alta Verde is a 3 acre site situated at the eastern end of Cross Avenue and minutes from Blackrock village. Construction is due to commence shortly on 241 apartments, spanning three separate blocks which will include best…
Congratulations to No.1 Horgan’s Quay on being nominated for the Public Choice Award at this year’s Royal Institute of the Architects of Ireland (RIAI) Awards. We at Activate are very proud to have supported the development of this transformational Cork City scheme. Vote for the building here.
Activate Capital were proud to be a sponsor of Property Race Day Ireland 2022. It was great to be back together last Thursday, while raising money for the amazing chosen charities; ISPCC, Focus Ireland and UNICEF Ireland. Well done to the organising committee and we look forward to next year!
We are delighted to welcome Corina Postolache to the Activate Capital team as Portfolio Analyst. Corina joins us from Pepper Ireland where she worked as a Commercial Lending Analyst. We have no doubt Corina will be a great addition to the team.
We are excited to welcome Rory O’ Brien to the Investment team in Activate Capital Limited. Rory joins us from Bank of Ireland, where he worked in the Property Finance Unit. The best of luck Rory!
Dragons at The Docks is back and seeking to raise funds for the Dublin Simon Community. Activate Capital is proud to be one of the Cornerstone Sponsors for 2022. Support a great cause and register your team at www.dragonsatthedocks.ie. The training starts here……….
Click here to view our recent drone footage of a number of significant developments across Ireland.
We were delighted to be joined on site by the ISIF team to showcase some of the scale residential projects we are supporting together. The team visited sites currently in production at Kilcarbery, Clondalkin and Kilcock, Co. Meath. Activate Capital and ISIF together have unlocked 62 housing sites with capacity for 15,000 homes since inception…
Activate Capital recognises its industry leading position and the positive contribution it can make towards the creation of a better and more sustainably built environment. We are delighted to partner with the Irish Green Building Council as we progress our sustainability agenda.
Great to have the Activate Capital team together in our new office at 62 Fitzwilliam Square. We look forward to welcoming you to our new home!
Adwood are making significant progress in their delivery of private, social and cost rental units at Kilcarbery Grange. See a time lapse video of the construction underway here.
Activate Capital is proud to be working with O’Malley Construction in the acquisition and development of a residential development site on the Ballymoneen Road in Galway. Construction is commencing on-site and we look forward to seeing the ultimate delivery of 300 much needed new homes to the Galway market. Thank-you to David Casserly, Sean Warnock…
Activate Capital is excited to be working with Adwood in developing Kilcarbery Grange – a new homes scheme of 1,034 units in partnership with South Dublin County Council. The scheme consists of houses, apartments & duplexes for the private and social market. Team members were on-site last Friday and were delighted to see the progress.
Activate Capital are delighted to see significant progress by customer GEM Group at The Willows in Dunshaughlin, Co. Meath. Gem Group have delivered over 300 units, with another 250 currently under construction. The scheme is a mix of 3 & 4 bedroom A-rated homes. See the fantastic progress here.
Great to see the continuing progress by our customer Richmond Homes Ltd in advancing development at this strategic housing site. Activate Capital are proud to be supporting scale housing delivery. The video below provides a sense of the overall development, which aims to home 3,900 people. Watch video here
Activate are excited to see great progress on site at Lime Street, in Dublin’s City Centre. The Marlet Property Group development will feature The Shipping Office – 182,700 sq.ft. of commercial and retail space, as well as a residential scheme of 216 apartments at One Lime Street. Watch the time-lapse footage here.
Activate Capital is delighted to welcome Lisa Sugrue to the Finance and Fundraising team, as Financial Analyst. Prior to joining Activate, Lisa was with KPMG, working in CHEC Audit across a variety of property and private sector clients.
Richmond Homes recently shared a video showcasing their upcoming new home developments. Despite three months of site shutdowns due to COVID restrictions, Richmond Homes expect to deliver in excess of 300 much needed new homes in 2021. Activate Capital is delighted to support the development of Bay View, Baldoyle and Belvoir, Kilmacud and welcome the growth in new…
Activate Capital is delighted to be working with ISIF in delivery of much needed homes in Ireland. Watch our CEO, Robert Gallagher, talk about ISIF’s support for Activate and the importance of development finance in the housing market. Video supplied by NTMA.
Activate Capital is delighted to announce that Sarah Ó Cinnéide is joining us and will take leadership responsibility for our Portfolio Management activities. Prior to joining Activate, Sarah held senior managerial positions with NAMA in the Residential Delivery team and with Ulster Bank Group in property lending. She started her career with AIB Group. Sarah will…
Hooke & MacDonald recently published their comprehensive report on Dublin Residential Investment for H2 2020. The report featured an article from our CEO, Robert Gallagher, on Development Finance in the PRS Marketplace. Read the full article here.
Activate Capital is delighted to announce promotions and growth within our team. Ciarán O’Toole and Dan Murphy have each been promoted to Investment Directors, with Mark Conlon and Lauren Kelly advancing to Investment Manager and Finance & Fundraising Manager respectively. We are also really pleased to welcome Gavin Ho and Colin Jackson to the Activate…
Activate Capital are excited to be supporting Winterbrook with the development of two new apartment schemes in Milltown and Dalkey, Co. Dublin. The Milltown scheme will see the development of 3.95 acres on the former Mount St. Mary’s lands and the Harbour Road, Dalkey site will provide 94 apartments. Robert Gallagher, Activate Capital CEO, commented: “We are pleased…
Activate Capital are delighted to announce the signing of a €101m development finance facility with Marlet Property Group for the Shipping Office, a 182,700 sq.ft. commercial development on Sir John Rogerson’s Quay. Construction has commenced, with completion scheduled for Q3 2022. Read The Irish Times full article here
Activate Capital are excited to partner with Quintain Ireland, with a €100m loan facility to press ahead with two significant developments in Adamstown and Portmarnock, Dublin. Read the full article from The Sunday Times here.
In 2016, Activate Capital partnered with GEM Group to provide funding to support the construction of over 1,100 homes known as The Willows in Dunshaughlin, Co. Meath. Since then, Gem have secured planning permission for 1,135 units, via the Strategic Housing Development process, and have seen strong sales performance since initial launch in 2017. The Willows, Dunshaughlin, Co.…
Activate are proud to be a part of one of the most significant new residential developments to launch in the Galway market this year. Fánán, by Burkeway Homes, which featured in today’s Irish Independent, is now on sale. The scheme boasts views of both Galway city and Salthill, with three and four bedroom houses as well as…
Activate would like to wish Richmond Homes great success with the launch of Bay View, as featured in today’s Irish Independent. Bay View comprises modern seaside living with three and four bedroom homes on the coast in Baldoyle, Dublin 13. Read the full Irish Independent article here.
It’s been a busy few months in Activate since the initial government mandated shutdown of sites in late March. Our customers’ development sites are back in production and some metrics highlighting our activity include: Capital Deployment – Since mid-March 2020, we’ve deployed in excess of €40m of working capital funding across 21 sites nationwide. Sales…
Activate Capital are delighted to be supporting Burkeway Homes on a development of 101 new homes in Galway, known as Fánán. The first phase of this impressive new development will launch later in 2020 with the first residents expected to occupy their new homes by the end of the year. Further information on the scheme is included…
Stunning timelapse footage of significant progress on the much anticipated Horgan’s Quay mixed-use development in Cork. With construction of the Dean Hotel in the foreground and the Activate funded first commercial block in the background, Horgan’s Quay promises to transform this part of Cork’s docklands. The commercial block is expected to be complete and open…
Our CEO, Robert Gallagher, featured in The Sunday Times at the weekend offering his outlook on the housing market in light of the construction sector returning to work next week.
Activate Capital is delighted to be partnering with Round Hill Capital in funding the delivery of a 145-bed purpose-built student accommodation scheme in Cork City. Further information on the scheme is included in the link below: Curraheen Point Student Accommodation
Since the onset of the COVID-19 crisis, Activate Capital has been fully supportive of our customers, is operating as per normal, while adhering to public health restrictions and has had the opportunity to engage deeply with the marketplace. It is very encouraging to see and learn from our customers’ proactive business leadership and management of…
Click here for drone footage of four exciting developments being funded by Activate in Dublin, Cork and Kildare!
Activate Capital is proud to partner with Bartra in funding the delivery of an apartment scheme in Stoneybatter, Dublin 7, with the entire development to be leased to Dublin City Council under the Enhanced Long Term Social Housing Leasing Scheme. Further information is included in the link below: Bartra Social Housing Scheme
Activate Capital is partnering with Murnane & O’Shea in providing funding to support the construction of 350 new houses at Heathfield, Ballincollig, Cork. Further information is included in the link below: Activate Supports Ballincollig New Home Development
Activate Capital is delighted to announce the appointment of Margaret Fleming to its Board of Directors. Margaret has worked as an International Director with real estate advisors JLL Ireland over a 30-year career. In her role in JLL Capital Markets, she has managed investment property transactions and provided strategic and asset management advice. “We are…
Activate is delighted to be partnering with McGarrell Reilly in delivering grade-A office space for Amazon’s EMEA headquarters. The scheme, known as Charlemont Square, will have c. 350,000 sq.ft. of commercial space and in excess of 250 apartments when complete. Amazon has agreed to let c. 170,000 sq.ft. of office space in what will be…
Although Boris Johnson’s government has concluded a Brexit withdrawal agreement with the EU, there’s no certainty that this deal will ultimately receive UK parliamentary approval, especially given the General Election on 12 December. As with all sectors of the Irish economy, the Irish homebuilding industry is vulnerable to the impact of Brexit, given the quantum…
Activate Capital are excited to support the launch of Churchlands, Delgany, Co. Wicklow. Churchlands is a new home development by Wood Group Homes, which consists of 3 & 4 bed family homes, in scenic Delgany. Prospective purchasers can register their interest at www.churchlandsdelgany.ie View a full animation of the Churchlands development in the below video.
Last month, Burkeway Homes, commenced work on its new 6 acre site located on the Letteragh Road, Rahoon on the outskirts of Galway city. It is an ideal location within easy commuting distance by car, bicycle or on foot to UHG, NUIG, Salthill and Galway city centre. Phase One of this impressive new development will…
€75m Lusk Village Quarter launched New Village Quarter to include Lidl supermarket, shops, café, restaurants, public square, green area, playground and 150 new homes McGarrell Reilly has today launched plans for the new €75m Lusk Village Quarter in Lusk, Co. Dublin, unveiling details for the delivery of exciting new amenities for the local community including…
Significant progress on the vertical construction of McGarrell Reilly’s Charlemont Square mixed-use development in the heart of Dublin City – on completion, the development will consist of 250 apartments and in excess of 200,000 sq.ft. of grade-A office accommodation. Activate Capital is delighted to be partnering with McGarrell Reilly on delivery of such a prestigious scheme, which promises…
Activate Capital is delighted to be sponsoring Property Race Day Ireland in Leopardstown Racecourse on Thursday 13th of June. This is a unique event which brings together over 450 of Ireland’s leading property, investment and financial leaders for an evening of horse racing, entertainment and fun. To date, Property Race Day Ireland has raised over…
Burkeway Homes have recently submitted a strategic housing development planning application for 101 homes on their site in Letteragh, Co. Galway, a development funded by Activate Capital.
Some interesting commentary on the emerging build-to-rent asset class in Ireland by leading real estate advisory firm, CBRE. CBRE’s Head of Research Marie Hunt notes that: “The volume of international capital looking to deploy in the Build-To-Rent sector in Dublin is at an all-time high, which in turn is putting pressure on prime yields, which have now hardened to a…
Great promotional video by McGarrell Reilly Homes for their new homes development: Millerstown, Maynooth Road, Kilcock. Activate Capital is delighted to be funding this exciting scheme of family homes located in Kilcock overlooking the River Rye and the Royal Canal.
Great time lapse photography of a development of 143 family homes in Carton Grove, Maynooth, Co, Kildare, a development funded by Activate Capital.
Activate Capital is delighted to be working with Burkeway Homes on the delivery of over 300 new homes in the Galway area. Activate Capital is providing Burkeway Homes with site and construction finance on 3 residential sites. Breacán is a small development of 15 quality 3 and 4 bed homes at Letteragh Road, Rahoon, Galway, which is due for…
Some great drone footage from a sample of development sites being funded by Activate Capital. The footage includes new housing sites in Dublin and Cork, together with a significant residentially-led mixed-use development in Dublin city centre. Activate is currently funding 38 sites, the development of which will accommodate in excess of 5,000 new homes over…
The elite athletes (!) from the Activate team took to the streets of Dublin last night to participate in the Run in the Dark event to raise money for the Mark Pollock Trust, a movement working towards curing paralysis.
We’re delighted to be funding Twinlite as it commences construction on a significant rental apartment scheme in Clongriffin, Dublin 13. Activate is providing site and construction finance to Twinlite for this build-to-rent scheme, which, on completion, will accommodate up to 700 residents.
We’re delighted to be funding The Willows, Dunshaughlin with Gem Group, having just launched the next phase of its successful development. Some great drone footage of the development and its local environs in this clip.
Activate Capital is excited to be working with Alanna Homes on its recently launched new homes development, Ardsolus, Brownsbarn, Co. Dublin. This is an exclusive scheme of 60 three and four bed houses located within close proximity to the Luas Red Line, N7, M50 and Dublin Bus routes. Some great drone footage of the development…
We’re delighted to be funding this unique development of townhouses and duplexes/apartments with Homeland Investments. Camberley Mews is located in the heart of Churchtown, Dublin 14 and is for sale through DNG New Homes.
Article on Activate’s successful fundraising in The Irish Times.
Activate Capital to grow to €1bn with additional fundraising. ISIF and KKR commit an additional €270 million. Home builders “materially stepping up production” in Ireland. Activate Capital (“Activate”), the dedicated residential development lender, today announced the first close of its new €500 million fundraising. In this funding round, the original investing partners in Activate, the…
Park House, an exclusive scheme of 25 large contemporary townhouses and apartments in Baldoyle, Dubiln 13, has launched this week. Brought to the market by Homeland Projects through agent Kelly Walsh, Activate Capital is delighted to be funding development of the scheme. The Irish Independent recently ran a piece on the development. Download Brochure
3 developments funded by Activate Capital have pre-launched recently. The developer is Homeland Projects and the schemes are: Stanford Park – an exclusive development of 15 houses on Westminster Road, Foxrock Camberley Mews – a unique development of 9 new homes in the heart of Churchtown Village Park House – exclusive scheme of 25 large contemporary…
Millerstown, Kilcock will be launched over the coming weeks by McGarrell Reilly – this is an exceptional development of large 3, 4 and 5 bedroom houses on the Maynooth Road, funded by Activate Capital.
Clonrath, Lusk, a development of traditional 3, 4 and 5 bedroom homes in Lusk, Co. Dublin will be launched over the coming weeks – this is another high quality development by McGarrell Reilly funded by Activate Capital.
The next phase of Stepaside Park is due to be launched soon by McGarrell Reilly, a scheme of 46 exclusive houses funded by Activate Capital.
Activate Capital recently commissioned Ronan Lyons, Assistant Professor of Economics in Trinity College Dublin, to analyse the Irish housing market and to provide specific insights into the need or otherwise of apartments as part of the solution to the current and acute shortage of housing stock. Attached to this post is the final report. Ronan…
Interesting article in the Irish Independent last week on the ‘Help-to-Buy’ scheme, with some commentary included on Activate Capital.
Strong start to the Autumn 2017 selling season with a significant number of developments successfully launching last week – amongst those developments are The Willows, Dunshaughlin by Gem Group and Carton Grove, Maynooth, both of which have been built with funding from Activate Capital.
Irish Times coverage of the agreement between Activate and Cairn Homes for funding of Montrose acquisition: http://www.irishtimes.com/business/construction/cairn-homes-secures-50m-loan-for-montrose-site-purchase-1.3144013
Last week, the Activate Capital team donned the lycra in support of a very worthwhile cause. Thanks to WK Nowlan for putting on a great night and raising over €20,000 for CMRF in the process. https://cmrf.org/ http://www.wkn.ie/battle-bikes-duplicate-2017/
An interesting report from John Doddy’s team in Deloitte Debt Advisory on the options available for residential development funding in Ireland. https://www2.deloitte.com/ie/en/pages/deloitte-private/articles/residential-development-funding-landscape.html
Below is a link to a recent research article by S&P Global on the recovery of Europe’s housing markets. S&P-Global-Research-Article
Twinlite are happy to announce the acquisition of a new site at Castlepark Road, Dalkey, Co. Dublin. The 3.14 acre site is located adjacent to the Castle Park School, one of the finest elementary schools in Ireland. The design for the site is being developed with architects McCauley Daye O’Connell and details will be…
Some interesting early New Year commentaries on the housing market from Goodbody Stockbrokers and Daft.ie: http://www.independent.ie/opinion/comment/vacant-site-levy-should-be-coveneys-new-years-resolution-for-housing-35336924.html http://www.daft.ie/report/q4-2016-daft-house-price-report-2016.pdf
The long-awaited review of the macro prudential rules was published yesterday. While surprising, the modest loosening of the rules appear sensible and take account of the some of the unintended consequences of the original design. Surprising easing of macro prudential mortgage rules… After an extensive evidence-based review of the macro prudential mortgage rules first introduced…
Below is a link to a recent thought leadership piece by Activate Capital’s CFO, Emmet O’Reilly, on the diversity of funding required to drive growth in the development of houses and apartments in Ireland. Finance-Magazine-Article
State-backed Activate Capital funding development of 1,200 homes Residential finance provider Activate Capital has now committed funding for sites in the greater Dublin area with the capacity to build 1,200 new homes. Activate Capital is a joint venture between the State-controlled Ireland Strategic Investment Fund and global investment firm KKR. The sites are a mix…
New Irish housing statistics have been released today for the first time. Price data now incorporates cash purchases for the first time, thus giving us a more comprehensive picture of the market (cash purchases have consistently been c.50% of purchases over recent years). New information on regional price movements, average house prices and transactions also…
The positive trend in mortgage approvals in Ireland continued in July, with the latest lending data from the Banking and Payments Federation this morning showing an increase in both value and volume across the board. The total value of mortgages approved grew by 24% yoy in July. While this is slower than the growth achieved…
The first batch of data from the April 2016 Census of population in Ireland has been published today. Given its comprehensiveness, the Census, performed every five years, provides the most detailed and accurate picture of structural developments in the Irish population. The data confirms the ongoing demographic advantage that Ireland has over the rest…
After much debate, speculation and disagreement over recent months, the Irish government finally unveiled its policies to deal with problems in the Irish housing market yesterday. See our summary and views below, while the full document is here. The measures can be divided into two distinct categories: (i) supply incentives, and; (ii) rental sector policies.…
The Ireland Strategic Investment Fund (“ISIF“), managed by the National Treasury Management Agency (“NTMA“), together with KKR Credit, have today announced the launch of a new €500 million joint venture, which transforms the funding options available to the Irish house building sector and will be capable of financing the construction of over 11,000 new homes…
