Avestus Capital Partners opportunistically acquired this 70 acre residentially zoned site with full planning permission for 144 starter homes in 2018.
The site presented the opportunity to immediately commence construction of high quality homes to an undersupplied starter market while seeking to masterplan future phases in conjunction with the local council on the remaining lands. Avestus recognised the significant potential of such additional phases due to the removal of certain infrastructural constraints shortly before acquisition of the site.
Ardee is an established and growing town in County Louth with good access to Dublin via the M1 or M2. Branded locally as Bridgegate, the scheme will be the first new residential community to be delivered in Ardee for over a decade. Richmond Homes, Avestus’ wholly owned residential development platform, is responsible for all aspects of the development process, including planning, construction, financing and sales.