Marlet Property Group Announces €384 Million Financing Facility with Activate Capital
Wed 29 Mar 2023
Wed 29 Mar 2023
Extract:
Marlet Property Group today announced that the company has agreed a record €384 million financing facility with Activate Capital. This will fund the construction of over 1,100 apartments, 10,000 sq.m. of retail and co-working space and 3,000 sq.m. of amenity areas across two of its landmark developments; Grand Canal Harbour in Dublin 8 and its exclusive Claremont development in Howth.
Located next to the Guinness Storehouse on the site of the original Grand Canal terminus, Grand Canal Harbour comprises 596 apartments and is due to be completed in Q1 2024.
The Irish Times: https://www.irishtimes.com/property/commercial-property/2023/03/29/marlet-secures-384m-in-funding-for-delivery-of-1108-dublin-apartments/
Activate Capital Corporate Website: https://www.activatecapital.ie/insights/partnering-with-aig-to-provide-384m-in-funding-to-marlet-property-group
Marlet Corporate Website: https://marlet.ie/marlet-property-group-announces-e384-million-financing-facility-with-aig-and-activate-capital/
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Bloomberg acquires Polarlake, launches EDM services
22 May 2012
22 May 2012
Extract:
Privately-held PolarLake was founded in 2002 to help firms acquire, manage and distribute financial and reference data. It claims six of the world's top 10- investment banks among its customers.
It will now become a wholly owned subsidiary of Bloomberg but operate as an independent business unit with separate facilities and operations staff, "so it can provide the highest levels of security, privacy and permissioning for the data it receives".
Bloomberg says that by creating its own EDM unit it can help firms increase their efficiency by better managing high volumes of data from multiple sources, either third parties or proprietary.
It will now become a wholly owned subsidiary of Bloomberg but operate as an independent business unit with separate facilities and operations staff, "so it can provide the highest levels of security, privacy and permissioning for the data it receives".
Bloomberg says that by creating its own EDM unit it can help firms increase their efficiency by better managing high volumes of data from multiple sources, either third parties or proprietary.
Silicon Republic: https://www.siliconrepublic.com/business/bloomberg-buys-irish-tech-firm-polarlake-rolls-out-new-data-service
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Oaklee publishes updated corporate strategy and announces rebrand
Extract:
Oaklee, an approved housing body established in 2001 and a founding member of The Housing Alliance, is transforming to meet the need for social and affordable housing.
The Oaklee board's priority for the next three years is to deliver more homes and make a significant contribution to increasing the supply of social and affordable homes.
Housing Ireland Magazine: https://housingireland.ie/oaklee-publishes-updated-corporate-strategy-and-announces-rebrand/
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Kiss the school run blues goodbye at new Delgany homes from €540k
Thu Jul 02 2020
Thu Jul 02 2020
Extract:
While recently there has been much talk about the impact of working from home, we have been temporarily relieved of the daily school run and all the stresses that brings to parents of young children struggling to wrangle themselves and small people out the door daily in a timely fashion.
Eastmount, on the edge of Delgany village in Co Wicklow, has all of this figured out. The new houses, mainly four-bed semi and detached homes, are situated across the road from St Laurence’s National School on Chapel Road. It is so close that the sounding of the first school bell would probably still leave time to down the last spoonful of cereal at the breakfast bar and be at the desk in time for roll call.
The Irish Times: https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/kiss-the-school-run-blues-goodbye-at-new-delgany-homes-from-540k-1.4291542
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Oaklee and Evara mark the official launch of new cost rental and social homes at The Sidings in Adamstown
Fri 07 May 2025
Fri 07 May 2025
Extract:
Oaklee, an award-winning Approved Housing Body, and Evara, Ireland’s largest private homebuilder, marked the official launch of 184 new cost rental and social homes at The Sidings in Adamstown, Co Dublin, last Friday, May 2nd.
The homes were delivered by Oaklee in partnership with Evara and with the support of South Dublin County Council. The project also benefited from flexible funding models, including the Department of Housing’s Cost Rental Equity Loan (CREL) scheme, Capital Acquisition Lease Funding (CALF), and finance from the Housing Finance Agency (HFA).
The official launch was attended by the Oaklee Leadership Team, Evara executives and senior management, the Housing Agency, project stakeholders, and residents. The collective celebration epitomised Oaklee’s corporate values of agility, empathy, and ambition.
Business Post: https://www.businesspost.ie/news/oaklee-launches-184-unit-housing-scheme-in-adamstown/
Evara Corporate Website: https://evara.ie/2025/05/07/oaklee-and-evara-mark-the-official-launch-of-new-cost-rental-and-social-homes-at-the-sidings-in-adamstown/
Building Ireland Magazine: https://buildingirelandmagazine.com/oaklee-and-evara-mark-the-official-launch-of-new-cost-rental-and-social-homes-at-the-sidings-in-adamstown/
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Marlet Property Group Announces €102 Million Re-Financing Facility with Cheyne Capital Real Estate for The Shipping Office
Wed 05 Jul 2023
Wed 05 Jul 2023
Extract:
Marlet Property Group today announced that the company has finalised a €102 million re-financing facility with Cheyne Capital Real Estate for its now completed commercial development, The Shipping Office.
Marlet CEO Pat Crean said, “We are proud to bring this state-of-the-art commercial building to the market. We are particularly pleased with this new refinancing facility, and I want to thank the team at Cheyne Capital for their support, which exhibits strong confidence in Ireland’s commercial office market. This exceptionally located and well-designed, modern office space with best-in-class amenities and ample landscaped area, will attract many prospective tenants.”
Anna Bulach, Cheyne Capital Real Estate, said, “We are very impressed with Marlet’s track record of delivering high-quality and environmentally driven development projects in Ireland. We look forward to working with them on this landmark office building, which underlines our interest in best-in-class offices built for the future.”
The Irish Times: https://www.irishtimes.com/property/commercial-property/2023/07/05/marlet-agrees-102m-refinancing-deal-for-dublin-docklands-office/
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Marlet raises €25m for student accommodation in Stoneybatter
Fri 30 Jun 2023
Fri 30 Jun 2023
Extract:
Marlet Property Group, headed by Kerryman Pat Crean, has raised a €25 million financing facility with finance house Cardinal to deliver a purpose-built student accommodation development in Prussia Street, Stoneybatter, Dublin 7.
The development comprises 193-bed spaces and includes a lounge, gym, concierge, and social room, and will be located less than three minutes’ walk from the Technological University Dublin campus at Grangegorman.
Thanking Cardinal for its support on the development, Mr. Crean said the project marks a significant milestone for the group, “as we prepare to deliver our first student accommodation buildings and continue to expand our diverse portfolio. There is a significant need to deliver purpose-built student accommodation given the acute shortage of bed spaces in the Dublin market.”
Irish Independent: https://www.independent.ie/business/commercial-property/marlet-raises-25m-for-student-accommodation-in-stoneybatter/a1926169805.html
The Irish Times: https://www.irishtimes.com/business/2023/06/29/marlet-secures-25m-in-funding-for-delivery-of-dublin-7-student-accommodation/
Corporate Website: https://marlet.ie/marlet-property-group-secures-e25-million-financing-facility-with-cardinal-to-deliver-193-student-beds/
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Oaklee publishes annual report for 2023/2024 and announces first cost rental scheme
Fri 22 Nov 2024
Extract:
Oaklee recently launched its 2023/24 annual report at the company’s AGM, showcasing the organisations continued commitment to addressing Ireland’s housing needs. The report highlights its focus on building and managing high-quality, affordable homes for families, older individuals, and those with specific support needs.
Commenting on the report, Oaklee said: “This annual report showcases the unique achievements made in 2023/24 across the business, ensuring the continuous provision of social and affordable housing in the years to come and a financially stable future for Oaklee.”
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Roundtable discussion: Addressing the challenges of delivering mixed tenure projects
Extract:
Attended by practitioners from across the housing system in the CEO of the Housing Agency, Oaklee hosted a roundtable discussion to consider how best to address the challenges of delivering mixed-tenure projects.
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Sustainability embedded in all aspects of Marlet operations
Extract:
Sakinah Brennan, Head of ESG, Marlet Property Group, speaks with ROBBIE COUSINS about how the leading real estate group is reducing carbon emissions across its operations and property portfolio and why there is much more to sustainability than constructing A-rated buildings.
Under its sustainability policy, Pat Crean’s Marlet Property Group describes itself as being committed ‘to building thriving communities by creating healthy, sustainable places to live’. This, it says, is at the core of everything it does, and as one of Ireland’s largest property developers, it sees itself as having ’a responsibility to lead the industry in sustainable practices by setting measurable targets, reporting on progress, and driving innovation throughout its developments’.
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Leaders’ Insights: Philip Maguire, I.T. Alliance Group
23 Dec 2015
23 Dec 2015
Extract:
Philip Maguire is CEO and founder of Irish-owned I.T. Alliance Group, which employs 500-plus people.
The Dublin-headquartered company provides IT outsourcing services to the world’s biggest outsourcers. In 2012, it established a sister organisation, Auxilion, which helps companies transition from on-premises IT to the cloud, and provides them with 24/7 backup and support globally.
Established in 1997, the I.T. Alliance Group grew rapidly to 230 people within three years. Then it hit a wall in 2000 when the dot-com bubble burst, and had to reinvent itself – which it did.
