Irish property developer Twinlite and its joint venture partner Tristan Capital Partners have reportedly hired real estate agent CBRE to sell two build-to-rent apartment schemes in Clongriffin, north Dublin.
According to a news report by the Irish times, the two assets encompassing over 650 units are expected to be marketed for a price over €300 mln. They are expected to attract strong interest from pension funds and other property investors given the strength of the Irish rental market.
The two high-end rental schemes comprise One Three North, which has 376 apartments that were delivered in 2020 in three blocks, and which were all leased digitally on Twinlite’s Vesta platform. Two Three North is due for completion in November although Covid-related delays this year could push this deadline back.It will have 282 apartments when finished.
