TPG Real Estate acquires developer Quintain from Lone Star

TPG Real Estate, the real estate platform of alternative asset management firm TPG, has acquired Quintain Developments Ireland (QDI) in partnership with company management, according to media outlets.

The seller was Lone Star. Financial details of the deal were not disclosed; however, the sales price is estimated to be approximately €200 million ($219 million), according to a report in the Irish Times.

QDI is one of the largest privately owned residential developers in Ireland. Since 2015, the company has delivered more than 2,300 homes.

The transaction includes existing sites and ongoing projects.

“Ireland continues to benefit from strong fundamentals, driven by a diverse economy and young, growing population, which has created continued demand for quality new homes,” said James Piper, business unit partner with TPG Real