ISIF’s investment strategy focuses on delivering investments that will provide housing and enable Ireland’s regions to enhance their ability to attract investment and generate employment opportunities. Investments in this area will be completed in 4 key areas.
Commercial Real Estate
ISIF's Strategy will support the delivery of 25,000 new homes by 2030. The focus is currently on private/mass market-based developments. The ISIF has already committed more than €900 million and will continue to ensure a resilient and sustainable supply of investment capital. Sustainability in the built environment is also a key area of focus.
ISIF provides long-term and patient capital for regionally transformational projects of scale – targeting a project in each of the five regional cities - Cork, Galway, Limerick, Waterford and Kilkenny. ISIF’s approach plays a critical role in unlocking sites of strategic importance. Partnerships are formed with private and public sector counterparties, such as the Abbey Quarter in Kilkenny, a flagship project with others to follow.
Commercial Real Estate:
ISIF is a through-the-cycle provider of investment capital to support the supply of high-quality places to work. These developments will enable the growth of indigenous businesses across the regions and attract and drive FDI into the regions. Highly strategic projects in Dublin e.g. industry clusters or regeneration projects, will also be considered.
ISIF will support transport and connectivity-based infrastructure which enhances the physical, virtual and energy connectivity of the regions and Ireland as a whole. ISIF will invest in projects which enhance the overall infrastructure stock, focusing where investment capital can be most additional.
Housing Investments and Enabling Investments
Residential housing fund in which ISIF is a cornerstone investor focused on delivering over 1,500 homes
Avestus Capital Partners
Investment in a private rental sector platform
Pearl Residential Equity Fund
Residential equity fund providing capital to small and mid-scale developers to facilitate the build out of residential units in Ireland
Senior debt commitment to a residential development lending platform alongside the global investment fund KKR
Limerick Twenty Thirty - Opera Square
Joint venture partnership to finance the development of the One Opera Square project in Limerick city centre.
Housing Infrastructure Services Company DAC (HISCo)
A revolving credit facility to HISCo, ISIF's 50:50 joint venture with Cork County Council providing infrastructure to enable residential development.
€25m to fund the development of up to 1,900 new homes in counties Dublin, Kildare and Wicklow over the next 5 years.
Harrison Street European Property Partners III
Real estate equity fund targeting student accommodation, life sciences and speciality residential.
Housing Infrastructure Services Company DAC (HISCo) (follow-on)
A revolving credit facility to HISCo, ISIF’s 50:50 joint venture with Cork County Council supporting residential development. https://hisco.ie/
Irish Life Residential Property Fund
Fund’s objective is to assemble a portfolio of high quality residential assets to rent primarily through forward purchase and funding
€200m debt facility to support connectivity and recovery.
Participation in daa bond issuance
Debt facility to support the liquidity needs of the business.
€60 Investment in build to rent residential platform. The platform will partner with builders, developers, and housing associations to deliver new rental housing projects