Nuveen Real Estate, one of the largest investment managers in the world with $149 billion of assets under management, and the investment advisor to a joint venture between an insurance separate account of its parent company, TIAA, Australian superannuation fund HESTA and Eagle Street Partners (Eagle Street), the pan-European real estate investment and asset manager, announces that works have started above ground on the site of its landmark build to rent development at Castleforbes Business Park in Dublin’s North Docklands.
Located in Dublin’s Central Business District (CBD), the site is situated at the economic heart of the capital and in close proximity to the headquarters of a wide range of domestic and multinational firms. The development is due to practically complete the first phase in Q3 2025. It will bring some much-needed social & affordable housing to the city centre and overall will consist of 508 studios and one bed apartments, 179 two bed apartments and 15 three bed apartments.
The 46,000 square metres development will include new homes for rent in eight blocks each with dedicated rooftop access. Also contained within the plans is a new community space, best-in-class public amenity space, an adjacent hospitality offering and an 18-storey residential tower adding to Dublin’s skyline.
Source: nuveen.com on the 27th of February, 2024