A significant milestone in Dublin's residential property market has been reached with the sale of 18 Newmarket Square to MEAG, the asset management arm of Munich RE.

The transaction was announced today, 2 February 2026, by a consortium consisting of London-based Valpre Capital, Irish investment firm Revelate Capital, and a fund managed by UBS.

Situated in the historic Liberties district of Dublin 8, the landmark development comprises 134 high-specification build-to-rent apartments. Designed by Reddy Architecture + Urbanism and built by Walls Construction, the scheme includes a ground-floor retail unit, 301 bicycle parking spaces, and a co-working lounge. Resident well-being is a focal point of the design, featuring a landscaped courtyard and three communal rooftop gardens.

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The project was constructed to Nearly Zero Energy Building (NZEB) standards, reflecting a commitment to sustainability and modern digital connectivity. Funding for the development was provided by Fairfield Real Estate Finance, supported by funds managed by Oaktree Capital.

The sale underscores the continued appeal of Dublin’s rental sector to international investors, driven by a growing workforce and a sustained shortage of modern housing.

Sami Hakim, Partner at Valpre Capital, commented: "We are proud to complete the sale of Newmarket Square alongside our partners. This development delivers high-quality new rental homes in Dublin 8 and reflects the depth of demand for well-designed, sustainable housing in the capital. Our experience in Dublin continues to reinforce our long-term commitment to investing in the city’s living and mixed use sectors."

The development plays a key role in the ongoing regeneration of the Liberties, providing a mix of studio, one-, two-, and three-bedroom homes within easy reach of major employment hubs and the city centre.

Mark O’Brien, Founder & CEO of Revelate Capital, added: "This is our second development in the Newmarket district following the Eight Building, and we are extremely proud to see Newmarket Square completed to such a high standard. The project reflects our commitment to thoughtful urban regeneration and to delivering homes that respond to Dublin’s evolving housing needs."