Marlet secures €33m from AIB for south Dublin build-to-rent scheme – The Irish Times

Pat Crean’s Marlet Property Group has secured a €33 million financing facility with AIB to fund the construction of up to 142 apartments on a site it owns in south Dublin.

The monies will be used to develop a mix of one- and two-bedroom units at Marlet’s Walled Orchard scheme at Wyckham Way in Dundrum. While the development, which is under construction currently, will cater predominantly to demand from Dublin’s fast-growing private rented sector, a portion of it has been set aside for social housing. This follows Dún Laoghaire-Rathdown County Council’s acceptance of an offer from Marlet to sell 11 apartments to it for €3.458 million. The 11 units being acquired by the local authority will comprise seven one-bed apartments ranging in cost from €241,446 to €262,441, and four two-bed apartments ranging in price from €414,657 to €430,404.

Quite apart from its mix of apartments, the Walled Orchard will also

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