Portfolio

The property and leases on the ground (partial), first (partial) and fourth floors of City Quarter, Lapp’s Quay, Cork, a modern city-centre office building. City Quarter Series 1 returned 10% return at the maturity of the bond after 2 years, with investors being given the opportunity to further re-invest into City Quarter Series 3 based on the same underlying assets.

Parkgate Office Bond is a commercial real estate investment in Parkgate Business Park, Dublin 8, consisting of 35,00 sq ft office space, anchored by long-term government tenants. Parkgate Business Park is located directly opposite the new Criminal Court of Justice building at the entrance gate to the Phoenix Park. Its location is on the periphery of Dublin City Centre and benefits from excellent transport links - the building is within easy reach of the national road and motorway network, Heuston Station and the Luas Red Line are about 300 metres away. The properties are fully occupied by public sector tenants (Health Service Executive (HSE) and Transport Infrastructure Ireland (TII)) and have been maintained to a high standard.

Broomhill Office Bond is a commercial real estate investment in Dublin, consisting of 50,000 sq ft high-quality office space. Located in north of Tallaght town centre, 9km southwest of Dublin City Centre, the town has a population of over 100,000 and is the administrative centre of South County Dublin. The building comprises 4 storeys, fully fitted with air-conditioning and two 8 passenger lifts. The site is landscaped and provides road frontage on two adjoining sides and is situated on approximately 1.34 acres. The building contains basement stores with secure basement car parking compromising 59 spaces, and a further 124 spaces above ground. Tallaght is a large residential area in Dublin serviced with strong transport links and a large workforce, with significant residential developments planned in the area. Access to hospitals, third level institutions and a large retail centre makes Tallaght an attractive town for Dublin commuters.

Single block of 11 residential apartments situated at Langford Row, Cork City. High-end apartments with 100% occupancy with a good track record in this regard. The investment offered a 11% coupon at maturity and 25% participation in any net capital appreciation on disposal of the underlying asset. The bond matured as scheduled after 2 years and returned full capital plus coupon and participation in the net capital appreciation of the asset with an overall return of 13.5%.

The Emporium Bond is a hospitality investment, secured by an unencumbered first legal charge on the property and business of the Castle Complex, Glanmire, Co. Cork, and the Hunted Hog, Castlemartyr, Co. Cork. The investment provides for an annual return of 7.5% and full return of capital on maturity. The Castle Complex comprises a substantial multi-occupancy, commercial complex that is currently occupied and trading. The complementary mix includes a public house (Castle Tavern) and rental units. This popular location is complemented by its close proximity to the recently opened Lidl store and adjoins the Sarsfield GAA sports club and playing pitches. The Hunted Hog in Castlemartyr does a consistent trade and benefits from its close proximity to a number of hotels in the east Cork area, most notably the 5 star Castlemartyr resort. A rustic bar, with a warm and friendly atmosphere, it is the main bar in the town.  

Renewable energy investment in wind turbines. The bond matured early after 3 years allowing for investors to receive a full return of the capital plus all positive returns due (pro-rated) as targeted at the outset of the investment, totalling 30% return.

A residential development site on Ballea Road, Carrigaline, Co. Cork. Returned 7% over the term of the investment (7 months). The bond matured early allowing for investors to receive a full return of capital plus all positive returns due, exceeding the original target return of 10% on a pro-rata basis (3 year term).

The iNua Collection is a hospitality investment of 4 and 5 star hotels across Ireland. As one of the largest regional hospitality operators in Ireland, iNua Hospitality delivers classic quality with sophisticated hospitality. The portfolio provides investors with a well-diversified set of hospitality assets. The fund is managed through a clear strategy to capitalise and leverage the portfolio for growth through new acquisitions and by monetising synergies and operational efficiencies. The strategy benefits by operating as group structure which has been successful in increasing its competitive advantage and generating strong returns.

Deerpark House Nursing Home is a residential healthcare investment located near Bantry, Co. Cork, located close to the well-known Westlodge Hotel. It occupies a 1.8 acre site with the possibility of further expansion. It is a purpose-built home and is registered for 50 residents equipped with hoists and all necessary equipment to care for the residents’ needs. Residents benefit from a choice of three communal sitting rooms where residents can relax, meet with their families and friends in private if desired and enjoy the stunning countryside views. There is a large, fully equipped kitchen and two dining areas. The home also has a hairdressing salon and has safe walks around the perimeter of the building and a secure garden.

The Hibernian Hotel in Kilkenny is a strongly performing business within Kilkenny City Centre, a major tourist destination in Ireland. The bond matured early allowing for investors to receive a full return of capital plus all positive returns due (pro-rated) targeted at the outset of the investment equalling over 17%. Investors were presented with the investment opportunity to roll into The iNua Collection (a fund investment structure which consolidated a number of hotels including The Muckross Park Hotel & The Hibernian).

Millrace Nursing Home is a residential healthcare investment in Ballinasloe, Co. Galway. The home is purpose-built 60 bed facility in a popular town centre location. It is within walking distance to the local church, community services, shops, hotels and restaurants. All rooms are wheelchair friendly and include temperature-controlled underfloor heating. The home has bright dayrooms and includes a variety of lounges that offer guests the option of quiet reading or recreational activities. A comprehensive range of additional services at the home include personal services such physiotherapy, chiropodist, hairdressing, music and a wide range of activities throughout the week. Mass can be held in the large oratory, while the gardens and secure seating area are popular with residents and visitors.

The renowned and award-winning 5 star Muckross Park Hotel is uniquely located in the National Park on the Lakes of Killarney, Co. Kerry. The bond matured early allowing for investors to receive a full return of the initial capital plus all positive returns due (pro-rated) as targeted at the outset of the investment equalling over 23%. Investors were presented with the investment opportunity to roll into The iNua Collection (a fund investment structure which consolidated a number of hotels including The Muckross Park Hotel & The Hibernian).

Strathmore Lodge Nursing Home is a residential healthcare investment in Callan, Co. Kilkenny, located about 20km from Kilkenny City. The home is a high-quality and well-established residential nursing home with a wide catchment area. Purpose-built, the home contains 60 beds. All bedrooms are single, equipped with a television and en-suite shower room. The facility has two dining rooms serviced by a large modern kitchen. There are four large lounges and sitting rooms, and a separate oratory. Two dedicated treatment rooms enable residents to meet visiting health professionals privately. The large enclosed garden, which contains a wide variety of trees and shrubs, has been designed to be enjoyed safely by the residents.

The Blackrock Office Bond is a commercial real estate investment in Blackrock, Co. Dublin. The building is located to the south of Dublin City Centre, in the affluent suburb of Blackrock. Blackrock sits 8km from Dublin City and is easily accessed, including by the DART rail system. Blackrock holds a reputation as being one of Dublin’s prime suburban office locations and is home to numerous international occupiers including Zurich and Allianz. Blackrock Village is located to the east of the business park, while Frascati Shopping Centre, which is located immediately north-west, is currently undergoing a major redevelopment to deliver an additional 65,420 sq ft of accommodation which will further increase the attractiveness of the area.

Arena Series III is a renewable energy investment in wind energy. The wind turbines are located on the island of Ireland. Ireland has one of the highest wind resources in Europe and is one of the most cost effective forms of renewable energy anywhere in Europe. A sustainable form of energy that is environmentally friendly and in plentiful supply, wind energy globally is the second largest source of renewable energy after hydro power. We have partnered with Arena Capital Partners who manage and operate the wind turbines. Arena Capital Partners are an experienced operator in wind energy and operate over 70 wind turbines. The turbines used are designed to maximise output and the low-level resistance generator allows the turbines to start producing energy at a wind speed of over 3 m/s.