Housing, Infrastructure and Sustainable Development
Delivering commercial investments that seek to support the delivery of new homes, enhance and scale the national infrastructure and real estate stock and enable Ireland’s cities to enhance their ability to attract investment and generate employment opportunities.
Housing, Infrastructure and Sustainable Development
Housing:
ISIF will focus on the supply of private/mass market-based developments. ISIF has already committed more than €2.7bn to homebuilding related investments and will continue to ensure a resilient and sustainable supply of investment capital to the sector. ISIF’s new housing related investments are particularly focused on equity risk investments which can support the scaling of homebuilders through the unlocking of senior debt funding.
Sustainable Development:
Urban Regeneration: Enhancing the sustainability of the built environment is also a key area of focus. ISIF provides long-term patient capital for regionally and nationally transformational projects of scale, targeting a project in each of the five regional cities: Cork, Galway, Limerick, Waterford and Kilkenny and Dublin. ISIF’s long-term approach to these urban regeneration projects is a key differentiation factor in unlocking sites of strategic importance in Ireland’s key urban centres. Delivery of these schemes is typically unlocked through partnerships with private and public sector counterparties, such as the Glassworks Enterprise & Innovation Quarter in Waterford.
Commercial Real Estate: ISIF is a through-the-cycle provider of investment capital seeking to support the supply of high quality places to work, primarily in the regions or other under-served/under-capitalised markets (e.g. Dublin at certain points of the cycle). These developments of new and enhanced commercial real estate will facilitate the growth of indigenous businesses and attract FDI nationwide.
Infrastructure:
ISIF will seek to support connectivity themed infrastructure which enhances the physical, virtual and energy connectivity of the State. ISIF will also seek to invest in funds and projects which enhance the overall infrastructure stock, focusing where investment capital can be most additional. This may include traditional infrastructure sectors along with emerging sectors such as social infrastructure and data centres.
Housing, Infrastructure and Sustainable Development Investments
Ardstone
Residential housing fund in which ISIF is a cornerstone investor focused on delivering over 1,500 homes
Avestus Capital Partners
Investment in a private rental sector platform
Activate Capital
Senior debt commitment to a residential development lending platform alongside the global investment fund KKR
Aer Lingus
Debt facility to support the liquidity needs of the business (follow-on).
Housing Infrastructure Services Company DAC (HISCo)
A revolving credit facility to HISCo, ISIF's 50:50 joint venture with Cork County Council providing infrastructure to enable residential development (follow-on).
Limerick Opera Investment Limited Partnership
Joint venture partnership with Limerick Twenty Thirty Strategic Development DAC (“LTT”) (a special purpose vehicle established by Limerick City & County Council).
€75 million cornerstone commitment to Equitix to commit to private companies that develop projects in Ireland across the telecoms, transport, and energy sectors, amongst others.
Harrison Street European Property Partners III
Real estate equity fund targeting student accommodation, life sciences and speciality residential.
Harrison Street European Property Partners
€75m to Harrison Street fund targeting new purpose-built student accommodation.
Cardinal Mezzanine Fund
Mezzanine finance fund targeting commercial real estate opportunities.
Quadrant Real Estate Fund III
Fund to provide speculative commercial real estate finance to developers for new office developments in Cork and Galway.
ISIF subscribed for debentures issued by Timbercreek Ireland Private Debt II DAC which is seeking to lend to property investors and developers to support the delivery of new residential units by funding the refurbishment of previously derelict, vacant, or underused properties in Ireland.
StayCity
Investment to support ongoing operations and future growth of the leading Irish aparthotel company.
D/RES Finance Designated Activity Company
Investment which will facilitate DRES to acquire strategic residential sites across Dublin and Wicklow.
Housing Infrastructure Services Company DAC (HISCo) (follow-on)
A revolving credit facility to HISCo, ISIF’s 50:50 joint venture with Cork County Council supporting residential development. https://hisco.ie/
Irish Life Residential Property Fund
Fund’s objective is to assemble a portfolio of high quality residential assets to rent primarily through forward purchase and funding
daa
Participation in daa bond issuance
Aer Lingus
Debt facility to support the liquidity needs of the business.
Urbeo Residential
€60 Investment in build to rent residential platform. The platform will partner with builders, developers, and housing associations to deliver new rental housing projects