CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announced today that it has been engaged by an Irish homebuilder to form a joint venture for the acquisition and development of up to seventeen land parcels it has purchased or optioned over the last 36 months in the Dublin, Ireland MSA. The land parcels, which range in price from €2 to €21 million, may ultimately yield in excess of 1,700 single-family units.
"The land has already increased significantly in value and will provide the venture with a strong initial basis in support of the estimated €600 million of development costs. Given that a number of our relationships are actively pursuing opportunities in Europe, we have several strong ideas for equity partners. Furthermore, our client is flexible in crafting arrangements that could work for one or two institutional partners," said Bill Mitchell of FIDES.