Key Takeaways
- • The Ireland Strategic Investment Fund (ISIF) has committed €100m to IPUT Real Estate, Ireland's largest office landlord, to fund the development of 29 Earlsfort Terrace in Dublin.
- • The investment forms part of IPUT's €500m plan to expand its Grade A+ office portfolio in Dublin.
- • IPUT reported raising over €400m in new equity so far in 2026, and recently secured €300m in new revolving credit facilities from ABN AMRO, Bank of Ireland and ING.
- • IPUT's existing lenders include AIB and Barclays, and the company holds 30 prime assets totalling over 2 million square feet in Dublin city centre.
- • IPUT's CEO Niall Gaffney says supply constraints in best-in-class Dublin workplaces will drive strong rental growth at the prime end of the market.
Summary
IPUT Real Estate, described as the country's biggest office landlord, and the Ireland Strategic Investment Fund (ISIF) have further strengthened their partnership with a €100m commitment to IPUT's workplace investment strategy, according to RTE.ie. The new capital will fund the development of 29 Earlsfort Terrace, which is part of IPUT's broader €500m investment plan to expand its Grade A+ office portfolio.
IPUT said 2026 has been a year of strong momentum, having raised more than €400m in new equity year to date. The company also recently secured €300m in new revolving credit facilities from ABN AMRO, Bank of Ireland and ING, which sit alongside existing lenders AIB and Barclays. IPUT owns 30 prime assets totalling over 2 million square feet in Dublin city centre.
IPUT chief executive Niall Gaffney said the company is at a compelling point in the current cycle and is proud to deepen its relationship with ISIF to capitalise on opportunities in the prime Dublin office market. He argued that demand for best-in-class, highly amenitised workplaces is evident while supply cannot keep pace, a dynamic he expects to drive strong rental growth at the prime end of the market.
Sarah Hickey, Senior Investment Director at ISIF, said the investment aligns closely with the fund's strategy of addressing workspace supply constraints in the Irish economy. She said the redevelopment of 29 Earlsfort Terrace will deliver a significant addition to Dublin's Grade A office stock and will enhance Ireland's attractiveness as a location for international investment and support employment growth.
IPUT said 2026 has been a year of strong momentum, having raised more than €400m in new equity year to date. The company also recently secured €300m in new revolving credit facilities from ABN AMRO, Bank of Ireland and ING, which sit alongside existing lenders AIB and Barclays. IPUT owns 30 prime assets totalling over 2 million square feet in Dublin city centre.
IPUT chief executive Niall Gaffney said the company is at a compelling point in the current cycle and is proud to deepen its relationship with ISIF to capitalise on opportunities in the prime Dublin office market. He argued that demand for best-in-class, highly amenitised workplaces is evident while supply cannot keep pace, a dynamic he expects to drive strong rental growth at the prime end of the market.
Sarah Hickey, Senior Investment Director at ISIF, said the investment aligns closely with the fund's strategy of addressing workspace supply constraints in the Irish economy. She said the redevelopment of 29 Earlsfort Terrace will deliver a significant addition to Dublin's Grade A office stock and will enhance Ireland's attractiveness as a location for international investment and support employment growth.
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