Urbeo to take on Ireland's massive property market

June 1, 2019
Share this Post: 

Urbeo Residential, an investment platform for residential real estate, has made key hires during its plan to expand into Ireland's property market.

Urbeo has appointed Richard Ball as a partner, Anthony Sweetman as Development Director, and Teresa Flattery, as Financial Controller. The company’s goal is to create a build-to-rent platform of scale in Ireland.

Frank Kenny, Co-Founder at Urbeo, said: “I am delighted to be welcoming Richard, Anthony and Teresa to Urbeo. We have built a management team with strong investment, capital markets and asset management expertise, complemented by excellent understanding of the dynamics of the Irish market. We are looking forward to announcing significant progress on our acquisition pipeline in the coming weeks.”

Urbeo and also counts the Irish Strategic Investment Fund (ISIF) amongst its investors. The company is focused on matching investor needs for long-term, stable returns with those of tenants to build stable and sustainable communities of rental housing.

Richard Ball joins from Hibernia REIT plc, where he served as chief investment officer for five years. He will be responsible for Urbeo’s investment and finance functions.

Richard Ball said: “We are well-placed to execute on the many opportunities we see to invest capital in a market segment that is in its infancy in Ireland relative to other developed markets. There is a clear need in the Irish market for increased rental supply and our investments will help to meet this need.”

Read more here

Join us in Miami Beach, June 5-7 for the Global Online Marketplaces Summit.

Miabannermay12

June 1, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 181374380
Slashed Costs and Net Loss Improvement for FangDD in 2022 - But Will it be Enough For Struggling Chinese Portal?

The Chinese real estate marketplace and transaction platform company FangDD has reported on its performance for Q4 of 2022. Notable...

Read More
Zillow And Opendoor
Zillow and Opendoor Further Extend Their Partnership into 3 New Markets

US giant Zillow and Opendoor have expanded their home sales partnership into three new markets. The new markets are Houston,...

Read More
Ke Holdings Decoration
Chinese Leader KE Holdings Sees Net Losses Widen to $203m in 2022 As It Goes "from high-speed to high quality growth"

Leading Chinese real estate brokerage and portal company KE Holdings (aka Beike) has released a report on its performance for...

Read More
Property Finder Boardroom
PropertyFinder hires Frode Nordseth as VP of Product

Dubai-based marketplace Property Finder has hired Frode Nordseth as its new VP of Product. He announced his new role in...

Read More

Editor's Pick