Ardstone acquires 180-unit apartment complex in North Dublin for its core residential fund Tuesday, 9th September 2025. Ardstone, a leading Irish real estate investment and development platform, today announced the acquisition of Birchwood Court, a newly completed 180-unit apartment complex in Santry in North Dublin. At a purchase price of €79m, the deal reflects good value and an approximate net yield of 5.25%. The scheme is currently vacant, and will be ready for leasing in November.
This strategic purchase, completed by the Ardstone Residential Income Fund (ARIF) follows Ardstone’s recent acquisition of the 360-unit Spencer Place in Dublin’s thriving North Docklands neighbourhood last month. Through the ARIF fund, Ardstone how has a portfolio of over 3,000 residential properties (houses and apartments) under management located across Greater Dublin. Separately Ardstone also has approximately 1,000 units under construction through its residential development division.
The Ardstone Residential Income Fund (ARIF) is dedicated to delivering high-quality, energy-efficient rental homes, primarily across the Greater Dublin Area. This latest addition reinforces an already high-performing portfolio, characterised by a considerable share of social and affordable housing supported by government-backed, inflation-linked income streams.
Birchwood Court benefits from strong tenant demand due to its proximity to key employment hubs, including Dublin Airport, making it an attractive asset for long-term rental growth and stability.
Speaking today, Jessica Crowley, Senior Director at Ardstone, commented:
“Our goal is to become Ireland’s preeminent housing provider and investment platform. Birchwood Court aligns perfectly with this investment strategy, enabling us to secure value for our fund and provide a high-quality offering for the surging occupier demand in Ireland. We are continuing to fundraise for ARIF and we remain committed to expanding our portfolio over the coming 12 months.”
