Eagle Street – a pan European real estate investment and asset manager - had identified a compelling rationale to create and scale a market leading multifamily platform, initially focused on Dublin.

Their Resident Space platform aims to deliver high quality, affordable rental housing. Eagle Street had the team, the strategy and prospective pipeline but they needed capital partners to finance the programmatic acquisition and build out of projects.

Led by its EMEA Equity Advisory team, JLL discreetly identified a major strategic partner for Eagle Street — Nuveen one of the world’s largest investment managers proved to be a great fit. 

JLL was the influential advisor, trusted by both sides that was a deciding factor when Eagle Street were choosing a partner. The multi-disciplinary JLL team provided strategic and JV deal structuring advice combined with on the ground market knowledge and support on locking in the pipeline.

For Eagle Street, the deal accelerates its progress to become one of Ireland’s leading players in the private rented sector. It will manage the assets via its Resident Space operating platform, and with the support of the likes of Nuveen and HESTA, is targeted to deliver at least 5,000 residential units in Dublin in the coming years.

For Nuveen Real Estate this deal marked its first build to rent project in Dublin as the investment manager seeks to increase its portfolio of living assets across Europe. It was also HESTA’s first investment in Europe’s living sector. More are expected to follow as the JV expands and develops more projects.

Talk to Capital Markets at JLL