Eagle Street had identified a rationale to scale a market leading multifamily platform. The JLL team provided strategic and JV deal structuring advice combined with on the ground market knowledge.
Client story
A joint venture deal to create a market leading Build to Rent Platform in Dublin
Spotlight
Capital Markets - Equity Advisory
Location
EMEA
Making the complexities of a strategic JV manageable
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.
One of Dublin’s largest to seed the JV
The first project of the JV was Castleforbes - a prime residential development site in Dublin, Ireland, It has planning permission for a multi-family build-to-rent (BTR) property of up to 702 homes. Once complete, it is expected to be valued in excess of €500 million and will become one of the largest ever BTR projects in Dublin.
The scale of the Castleforbes project and the JV’s growth plans, meant it was desirable to bring in another capital partner, and HESTA, Australia’s largest superannuation fund for health and community services workers, also committed to the opportunity alongside Nuveen and Eagle Street.
Eagle Street’s capabilities and track record, supported by JLL’s advice, professionalism, deep relationships and insights gave all parties confidence in the partnership’s potential.