Club MeetingDublin, March 22nd

Real Estate Opportunities in Dublin

GRI Club formally launched its Ireland chapter on 22nd of March by hosting a private meeting focusing on real estate investment within Dublin and the wealth of opportunities available for PRS.

Moderated by Frank Dowling, Head of Real Estate, Ireland Strategic Investment Fund, the meeting allowed global investors a collegial style debate with the most senior developers and real estate funds active in Dublin with the likes of Olan Cremin (Avestus Capital Partners), Andrew Gunne (Chartered Land) Lorcain Egan (Starwood Capital) and Richard Ball (Hibernia Reit).

The discussion gave an insight into the current state of the debt and loan market and finding value in the current cycle before drilling down into Dublin PRS- on the verge of a boom set to rival London and Manchester in terms of potential capital chasing development opportunities.

Key Topics Covered at the Club Meeting:

The warm up discussions focused on investment appetite amongst the participants, where the opportunities can be found and everyone’s hopes and fears for the short-medium term. The room was optimistic across most asset classes, some cautious over retail in secondary locations. Questions were raised on investment strategies in the de-leveraging cycle and the sweep of institutional investors now settling in the market - from the UK, Germany and Middle East especially.

The headline discussion concentrated on the wealth of opportunities available in PRS in Dublin and how to address the overwhelming supply and demand issue for residential. Whilst it was felt that there were billions of capital to deploy, the debate centred on getting the right mix of affordable, mid-market and luxury products. Co-Working, Micro and Serviced Apartment products were explored, especially whether they could be built to cost and scale. Whilst Dublin was certainly on the verge of a PRS boom, it was felt more could be done at a local level through releasing land for development, building to cost in the right place and having a cohesive plan from government to attract long term investment into the sector. 

Frank Dowling
Head of Real Estate Investments
Ireland Strategic Investment Fund
Segment: Over 13 years experience investing in and managing real estate assets, primarily in the UK and Ireland. Frank joined Ireland’s N
Biography:
A Chartered Accountant with over 12 years experience investing in and managing real estate assets, primarily in the UK and Ireland. Frank joined Ireland’s National Treasury Management Agency in 2011, initially as a Senior Portfolio Manager with Ireland’s €74bn bad bank (NAMA), and is now Head of Real Estate Investments for the €8bn Irish Sovereign Wealth Fund (ISIF). Frank previously worked with PwC.
Timetable

Thursday, March 22nd

09:00 - 09:30 Registration / Arrival


09:30 - 10:15 Discussion - Global Investors in Dublin


10:15 - 10:45 Refreshments


10:45 - 11:30 Discussion - Dublin PRS


11:30 - 12:00 Refreshments

Registration

Membership is by invitation and reserved exclusively for investors, lenders and developers*. 

Qualified individuals (C / Director Level) that believe they could benefit from being part of such a global community are welcome to further details.

If you want to find out on how to become a club member get in touch with Kirsty Stevens.

*Some leniency is given to those outside this category up to a maximum of 10% ratio of the Club.

Kirsty Stevens

Kirsty Stevens

Head of Projects - UK & Ireland

+44 (0)20 7121 5095

kirsty.stevens@griclub.org
Kirsty Stevens
kirsty.stevens@griclub.org
+44 (0)20 7121 5095
Head of Projects - UK & Ireland
GRI Club
Biography:

Kirsty has seven year’s experience in conference production globally. Her previous role included Conference Producer for RICS, fostering events in Corporate Real Estate, Residential, Industrial and Regional Investments across UK, Middle East and Europe. Kirsty is passionate about industrial and logistics, residential alternatives, distressed Investing, as well as connecting investors and developers with focused discussions in her core markets of the UK and Europe.

Club Partner UK

Evercore
Evercore

Evercore is a premier independent investment banking advisory firm. Evercore was founded in 1995, on the premise that clients would be best served by an investment banking firm free of the conflicts of interest inherent to large, multi-product financial institutions. We believed our model would attract the most talented senior finance professionals to our firm. We believed that by maintaining the highest standards of excellence we could create a firm unlike any other in terms of capabilities to advise on highly complex strategic transactions, dedication to our client and our experience and professionalism. Today, we serve a prominent and diverse set of clients and investors, including leading multinational corporations, large institutional investors and financial sponsors, and high net worth individuals.

Related events
Participants
Aidan HoreAidan HoreDirectorING Real Estate Finance
Alison RohanAlison RohanHead of IrelandKennedy Wilson Europe
Andrew GunneAndrew GunneChief ExecutiveChartered Land, UK & Ireland
Cheryl MaherCheryl MaherAssistant Vice PresidentGIC - Government of Singapore Investment Corporation - Brazil
Ciaran McNamaraCiaran McNamaraCo-Founder and Managing DirectorSignature Capital
Deirdre FoleyDeirdre FoleyOwner and CEOD2 Private
Derek RichDerek RichEuropean OriginationOaktree Capital Management
Donal O´NeillDonal O´NeillManaging Director & Co-FounderArdstone Capital
Frank DowlingFrank DowlingHead of Real Estate InvestmentsIreland Strategic Investment Fund
Grainne HollywoodGrainne HollywoodDevelopment and Construction DirectorBartra Capital Property Group
Jon E. RickertJon E. RickertInvestment Director, Real Estate Debt FinanceGAM International Management Limited

More records

Aidan Hore
Director
ING Real Estate Finance
Alison Rohan
Head of Ireland
Kennedy Wilson Europe
Andrew Gunne
Chief Executive
Chartered Land, UK & Ireland
Ireland
Segment: Developer
Biography:
Andrew Gunne is Chief Executive of Chartered Land. His primary roles are to oversee the business and grow Chartered Land’s asset base by securing new ventures in conjunction with leading global real estate capital partners. Prior to joining Chartered Land, Andrew was Managing Director of Key Capital Real Estate in Dublin and London, a business he co-founded in 2010. Between 1999 and 2010, Andrew played a senior role in various Capital Markets Divisions in London and Dublin with CB Richard Ellis.
Cheryl Maher
Assistant Vice President
GIC - Government of Singapore Investment Corporation - Brazil
Ciaran McNamara
Co-Founder and Managing Director
Signature Capital
Deirdre Foley
Owner and CEO
D2 Private
Derek Rich
European Origination
Oaktree Capital Management
Biography:
Derek is responsible originating and structuring European RE debt opportunities for Oaktree’s Real Estate Debt Fund, a global performing debt strategy. Prior to joining Oaktree, he was head of the commercial RE origination and execution effort for Credit Suisse’s European Asset Finance business having joined from LNR Property Europe where he was a Managing Director and responsible for overseeing the European Investment Management division with a focus on advising and investment activities involving both non performing and performing debt opportunities across Europe. Mr. Rich spent the majority of his professional career with Deutsche Bank and was a founding member of the European Commercial Real Estate lending and securitisation business
Donal O´Neill
Managing Director & Co-Founder
Ardstone Capital
Felix McKenna
CEO
Urbeo
Ireland
Segment: Affordable Housing Fund
Biography:
Felix McKenna was recently appointed CEO of Urbeo Residential, a newly created vehicle to bring long-term institutional investment to the rental housing sector. The Fund will acquire residential property predominantly in the Greater Dublin Area and will target an overall tenant mix of approximately 75% market renters and the balance in supported tenancies through various State schemes. A chartered surveyor, and barrister, by profession, Felix has over 30 years experience in real estate asset management. Prior to joining Urbeo, he was Deputy Head of Asset Management at the National Asset Management Agency, and a member of the NAMA Executive team where he had responsibility for social housing delivery
Frank Dowling
Head of Real Estate Investments
Dublin | Ireland
Segment: Investor
Biography:
Over 13 years experience investing in and managing real estate assets, primarily in the UK and Ireland. Frank joined Ireland’s National Treasury Management Agency in 2011, initially as a Senior Portfolio Manager with Ireland’s € 4bn bad bank (NAMA), and is now Head of Real Estate Investments for the €8bn Irish Sovereign Wealth Fund (ISIF). A Chartered Accountant by training, Frank previously worked with PwC.
Grainne Hollywood
Development and Construction Director
Bartra Capital Property Group
Jon E. Rickert
Investment Director, Real Estate Debt Finance
GAM International Management Limited
United Kingdom
Segment: Investor
Biography:
Jon Rickert is an Investment Director and head of GAM’s Real Estate Finance Team. He is responsible for developing and executing real estate debt investment strategies on behalf of the firm’s clients. Before joining GAM in October 2015, he was a partner and head of real estate at Renshaw Bay. Jon joined J.P. Morgan in 1997 as one of the original members of US CMBS origination business and was head of real estate structured finance business in EMEA. He was also responsible for the European real estate distressed debt business and its commercial and residential mortgage servicing businesses in the UK and Germany. Jon began his career working for various property companies acquiring and developing real estate in the US.
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