Dáil Éireann Debate, Tuesday - 24 July 2018
243. Deputy Michael McGrath asked the Minister for Finance the investments, including lending, made by the Ireland Strategic Investment Fund in the area of residential and non-residential property since its inception; and if he will make a statement on the matter. [33794/18]
Amharc ar fhreagraThe table below sets out the Ireland Strategic Investment Fund’s commitments, in the area of residential and non-residential property. I am informed by the NTMA that the information conveyed was correct as at 30 June 2018.
|
|
ISIF Investment |
Purpose |
|
Activate Capital |
€325m |
Lending on commercial basis to residential development projects in Ireland |
|
Ardstone Residential Partners Fund |
€30m |
Residential equity investment fund |
|
Cherrywood |
€52m |
Site infrastructure funding to unlock 360 acres of development land at Cherrywood, South County Dublin, for residential and commercial development. |
|
DCU Student Accommodation |
€54m |
ISIF has leveraged DCU's existing student accommodation programme to help unlock funding for the overall Campus Development Programme. |
|
DAD Property Fund (Bancroft) |
€8m |
Investment partnership acquiring apartments in Tallaght, to provide a mix of open market and social/affordable housing. |
|
WLR Cardinal |
€75m |
Provide development and refinance capital. Focus on multiple real estate sectors, providing both pure finance & development capital. Some residential housing elements. |
|
Quadrant |
€50m |
Focus on office development projects. Provides development and refinance capital. Some residential housing elements. |
|
Kilkenny Regeneration |
€2m |
Providing seed investment for a major urban regeneration project in the heart of Kilkenny City. |
|
Finegrain |
€25m |
Invest in offices, business parks, logistics facilities and industrial properties. Primarily in regional locations. |
|
Man Auto |
€25m |
Real-estate debt fund that provides loans finance to residential developers and builders working on smaller-scale projects in large urban areas. |
|
Avestus Capital Partners |
€25m |
Residential property fund which will invest in the Irish Private Rented Sector. The fund is managed by Avestus Capital Partners. ISIF's equity capital will be exclusively used to forward purchase newly developed rental properties and support construction of new homes in Ireland. |
