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Ashgrove House, Finglas, Dublin

Background

Located in the north Dublin suburb of Finglas, within the Dublin City Council (DCC) local authority area, Ashgrove House has been refurbished to a high spec and includes five residential units, each with BER ratings of B3.

Location

Finglas, Dublin

Sector

Social Housing

Units

5

Year Acquired

2022

What we did

We agreed to purchase the portfolio on behalf of Maple Long Income Fund once the refurbishment was completed enabling the developers to fund the project. The residential units have been leased on 25-year social housing leases to DCC, providing DCC with high-quality accommodation to help tackle the ongoing housing crisis.

Results

Refurbishment was completed in the middle of 2022. We completed on the acquisition in October 2022 with the leases being granted to DCC shortly thereafter.

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