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Sign in Sign up for a FREE subscriptionEagle Street buys site for €500m residential hotel project
Eagle Street Partners Group Ltd. (Eagle Street), a pan-European real estate investment and asset management firm founded in December 2020, has acquired a 4.6-acre residential and hotel site at Castleforbes Business Park (Castleforbes) in Dublin’s Central Business District (CBD) for €78.5 million ($92.33 million). The seller was Glenveagh Properties (Glenveagh), an Irish homebuilder listed on the London Stock Exchange and Euronext Dublin.
The Castleforbes site, which benefits from full planning permissions, is capable of delivering 702 residential apartments and a 219-key hotel. The transaction is expected to be completed in the fourth quarter of 2021 and has a gross development value (GDV) in excess of €500 million ($588 million), with respect to the residential and hotel components.
When delivered, the residential units will represent one part of Eagle Street’s vertically integrated Irish private rented sector (PRS) platform, Resident Space, which will be laun
