Key Takeaways:
- Strategic partnership announced between Valpre Capital, Revelate Capital, and Aventicum Real Estate for a cutting-edge residential scheme in Dublin.
- The 10 Newmarket Square project promises 132 high-quality apartments with state-of-the-art amenities and a focus on community and sustainability.
- The project embodies a forward-thinking approach, targeting Nearly Zero Energy Building standards, and is set for completion in Q3 2025.
A Pioneering Venture in Dublin’s Real Estate
Dublin, 28 November 2023 – In a move that is set to redefine urban living, three prominent real estate entities, Valpre Capital, Revelate Capital, and Aventicum Real Estate, have announced a strategic partnership. This collaboration is aimed at developing 10 Newmarket Square, an avant-garde residential Build-to-Rent scheme located in the heart of Dublin’s City Centre.
The Vision: 10 Newmarket Square
10 Newmarket Square is designed to be a contemporary residential haven in the vibrant and lively Liberties area of Dublin 8. This ambitious project will feature 132 high-quality apartment units, setting new standards in urban living. The development is not just about providing housing; it’s about creating a community-focused living space with an array of modern amenities.
A Hub of Community and Sustainability
The project places a strong emphasis on community spirit and sustainability. It includes a retail unit, 301 designated bicycle parking spaces, a co-working lounge, public amenities, a landscaped courtyard, and three communal rooftop gardens. These facilities are designed to foster a dynamic, interconnected community living experience.
Commitment to Environmental Excellence
In line with the latest Nearly Zero Energy Building (NZEB) standards, 10 Newmarket Square will incorporate a passive-first philosophy. This approach includes low u-values and a low-energy design, underlining the joint venture’s dedication to making a positive environmental impact.
The Collaborative Force Behind the Project
The project is a result of the combined efforts of several leading players in the real estate sector:
Aventicum Real Estate: Entering the Irish Market
Jan Dijkstra, Senior Director at Aventicum Real Estate, expressed enthusiasm about the partnership, marking their first investment in the Irish market. He believes Dublin, along with other major Irish cities, will continue to offer attractive investment opportunities, especially in the living sector.
Valpre Capital: Pioneering Quality Housing
Ahmad M. Hariri, Founder & Managing Partner of Valpre Capital, highlighted the urgent need for high-quality housing in Dublin. He emphasized the necessity of regulatory changes to facilitate the delivery of additional housing units.
Revelate Capital: Leading Design and Planning
Mark O’Brien, Founder & CEO of Revelate Capital, expressed his excitement about the commencement of construction at 10 Newmarket Square. Revelate Capital has been instrumental in leading the acquisition, design, and planning process of the project.
The Architectural and Construction Teams
The project is brought to life by the award-winning Reddy Architecture + Urbanism and constructed by Walls Construction, one of Ireland’s top building contractors. Fairfield Real Estate Finance, backed by Oaktree Capital, is providing the construction financing.
A Future Landmark in Dublin
Slated for completion by Q3 2025, 10 Newmarket Square is poised to become a landmark project in Dublin’s real estate landscape. It is a testament to the collaborative efforts and shared vision of creating sustainable, community-centric living spaces.
About the Collaborating Entities:
- Aventicum Real Estate: Founded as a partnership between Credit Suisse and the Qatar Investment Authority, now fully owned by UBS AG, focusing on value-add real estate strategies.
- Valpre Capital: A London-based investment firm specializing in real estate and private equity investments, known for offering enhanced risk-adjusted returns.
- Revelate Capital: Specializing in residential and commercial development and investment projects in Ireland and Portugal, Revelate Capital is known for its innovative deal structuring.
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