{"id":55445,"date":"2025-09-10T15:45:10","date_gmt":"2025-09-10T15:45:10","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/55445\/"},"modified":"2025-09-10T15:45:10","modified_gmt":"2025-09-10T15:45:10","slug":"ardstone-capital-snaps-up-180-dublin-apartments-for-e79m-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/55445\/","title":{"rendered":"Ardstone Capital snaps up 180 Dublin apartments for \u20ac79m \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall b-it-article-body__text--left\">Ardstone Capital has paid \u20ac79 million for <a href=\"https:\/\/www.irishtimes.com\/ireland\/housing-planning\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/ireland\/housing-planning\/\">180 newly-developed apartments <\/a>in Santry, in north Dublin. News of the deal for Birchwood Court comes just over four weeks on from the company\u2019s \u20ac177 million purchase of the 360 apartments at Spencer Place in Dublin\u2019s north docklands. <\/p>\n<p class=\"c-paragraph paywall \">Ardstone, which maintains offices in offices in Ireland, the UK, Germany and Spain, stands to secure a net yield of about 5.25 per cent on its latest investment, compared to the 4.9 per cent it is in line for at Spencer Place. The apartments in Birchwood Court are vacant at present and will be ready for leasing in November. <\/p>\n<p class=\"c-paragraph paywall \">Ardstone has acquired Birchwood Court for its Ardstone Residential Income Fund (ARIF). The fund now comprises a portfolio of over 3,000 residential properties consisting of a mix of houses and apartments located across Dublin and the greater Dublin area. <\/p>\n<p class=\"c-paragraph paywall \">Separately, Ardstone also has approximately 1,000 units under construction through its residential development division.<\/p>\n<p class=\"c-paragraph paywall \">The Birchwood Court scheme is Ardstone\u2019s second major acquisition in Santry. In 2021, the company paid developer Dwyer Nolan about \u20ac180 million in a forward-purchase deal for 398 apartments it was delivering across three Dublin sites including one at Santry Place. <\/p>\n<p class=\"c-paragraph paywall \">The two other developments involved in that transaction were Hampton Wood in Finglas and at Windermere in Clongriffin.<\/p>\n<p class=\"c-paragraph paywall \">Commenting on her company\u2019s latest investment in the Dublin private rented sector market, Jessica Crowley, senior director at Ardstone, said: \u201cOur goal is to become Ireland\u2019s pre-eminent housing provider and investment platform. <\/p>\n<p class=\"c-paragraph paywall \">Birchwood Court aligns perfectly with this investment strategy, enabling us to secure value for our fund and provide a high-quality offering for the surging occupier demand in Ireland. We are continuing to fundraise for ARIF and we remain committed to expanding our portfolio over the coming 12 months.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"Ardstone Capital has paid \u20ac79 million for 180 newly-developed apartments in Santry, in north Dublin. News of the&hellip;\n","protected":false},"author":2,"featured_media":55446,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[40203,79,39541,18,8752,19,17,40205,40204],"class_list":{"0":"post-55445","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ardstone-capital","9":"tag-business","10":"tag-dublin-9","11":"tag-eire","12":"tag-housing-crisis","13":"tag-ie","14":"tag-ireland","15":"tag-prs","16":"tag-santry"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/55445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=55445"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/55445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/55446"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=55445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=55445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=55445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}