Publications

Fundraising

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Ardstone holds €185m first close for Irish fund

by Andrea Waitrovich

Pan-European real estate manager Ardstone Capital has held a first close for its Ardstone Residential Partners, a fund targeting residential development in Ireland. The fund has raised €185 million ($193 million), nearing its €200 million ($209 million) equity fundraising target by first quarter 2017.

Ardstone Residential Partners is the firm’s third fund since 2013. The fund’s mandate is to generate a 15 percent triple-net annual return to investors. It is targeting zoned and planned residential land, with the Ardstone platform overseeing the house building and sales process.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?