Avestus Capital Partners, acting on behalf of its Irish Residential PRS Fund, has acquired the property known as Abbey Glen, a modern high quality PRS scheme located in an established and affluent residential submarket in South Dublin.
Abbey Glen provides 44 PRS units split across two wholly-owned blocks set atop an underground parking facility, and within a landscape estate. The property is well located for PRS occupiers in an established residential area that is easily accessible by both private and public transport. Abbey Glen will be operated under the HAVITAT brand, our best-in-class manager and owner of residential properties for long-term rental to tenants.
Abbey Glen is a high quality asset located in a reputable residential area. This purchase aligns well with the fund investment objectives to target income producing PRS assets located in established locations with strong demographic trends.