Irish social housing provider Clúid Housing has purchased the 25,000 sq m Project Olivia private rented sector (PRS) development in Tallaght from ESR Europe for €159.7m.
The scheme, which comprises 328 residential apartments and four commercial units, achieved practical completion in November 2024.
Project Olivia was held by ESR Europe in its Active Real Estate Fund IV – a discretionary value-add fund series targeting Western Europe.
Alex Ray, managing director of ESR Europe, which is the European platform of ESR Group, said: “The practical completion of Project Olivia marks the conclusion of the capex program for Active Real Estate Fund IV’s three Irish projects, which include a hotel and two residential developments. All three schemes were delivered under budget and ahead of schedule.”
