Round Hill Capital and SFO Capital Partners, have established a joint venture targeting the Irish single-family rental (SFR) market.
Multinational companies taking residence across Ireland in recent years has led to both economic and population growth, driving demand for new homes for employees attracted to the country, yet only approximately 21,000 dwellings were constructed across the country in 2019, well below the estimated 35,000 new homes needed per year, according to the joint venture.
The strong appeal of the Irish build-to-rent sector for institutional capital attracted by its resilient, long-term yields is reflective of the wider growth of the residential investment market in Ireland over the past three years. The newly formed joint venture is set to complete two major deals in Dublin in the first and second quarters, and intends to build on these over the coming years to expand its housing strategy across Ireland.
“We’re delighted to announce this
