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Offers for prime Dublin residential rental platform surpass €1bn


 
The sale by developer Pat Crean’s Marlet Property Group of its Castle residential platform is preparing to move into the second round of bidding following the receipt of numerous offers in excess of the €1 billion that sole adviser Cantor Fitzgerald had been seeking when they brought the portfolio to the market in March.
Upwards of a dozen parties are understood to have expressed their respective interest in acquiring the private rented sector (PRS) platform in advance of its delivery by the developer between July 2021 and March 2024. Upon completion, the Castle portfolio will comprise some 2,000 apartments and duplexes distributed across six sites in the capital. ....

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