Harrison Street and Eagle Street JV to develop Ireland BTR

Harrison Street and Eagle Street Partners form a joint venture to develop a Build to Rent development in Dublin, Ireland.

Cityscape at sunset, Dublin, Ireland - Harrison Street | Eagle Street Partners | BTR News
Cityscape at sunset, Dublin, Ireland. Image credit: Giuseppe Milo, CC BY 3.0 via Wikimedia Commons.

Investment management firm exclusively focused on alternative real assets, Harrison Street and pan-European real estate investment and asset manager, Eagle Street Partners announce a joint venture to buy a residential project in Ireland. The duo will develop a Build to Rent multi-phase development at East Road in Dublin, Ireland.

The East Road development – which is located within Dublin’s North Docklands – will deliver 554 new homes. The scheme will also include 43,162 sq ft of commercial space comprising offices, a café, a day care facility and retail.

Eagle Street will serve as developer of the East Road development project through its operating platform, Resident Space.

“Harrison Street brings significant, global expertise investing in Build to Rent projects to Ireland, and we are delighted to partner with them to expand their existing presence in the country’s residential housing market.

“Given the multi-year opportunity in Dublin’s residential market, we look forward to leveraging Harrison Street’s demographically driven platform and strong operational knowledge alongside Eagle Street’s strong track record acquiring, developing, and managing residential real estate assets in Ireland and the UK.”

Justin Bickle, Founder, Executive Chairman and CIO of Eagle Street

CEO of Harrison Street’s European business said demand for rental housing in Dublin has outpaced development for the last ten years, as Ireland’s growing population and influx of young professionals continue to stress the city’s obsolete residential options.

“We are pleased to bring a purpose-built, high-quality rental housing option to a neighbourhood backed by strong demand drivers and expand Harrison Street’s presence in the Irish Build to Rent market through our joint venture with Eagle Street, which brings deep experience developing Build to Rent projects in Ireland and the UK.  

“We look forward to identifying and executing on further attractive opportunities in the Irish market with similarly favourable supply-demand dynamics for our investors and partners.”

Paul Bashir, CEO of Harrison Street’s European business