For the last 18 months, a London-based investment firm called Valpre Capital has been snapping up what are known as pre-63 buildings in Dublin 2, 3, 4, 6, and 8. Founded by four Lebanese investment professionals, the fund has spent €25 million buying up multi-tenant houses primarily in south Dublin. This is only the start – it intends to build a €100 million residential property portfolio in Ireland. Despite the onslaught of Covid-19, Valpre Capital still closed its most recent deal earlier this month after it spent €7.15 million buying up yet another portfolio of pre-63 properties. It has a…

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Meet the Lebanese fund spending tens of millions on pre-’63 buildings in south Dublin

Valpre Capital has already spent €25m buying dozens of pre-'63 buildings across Dublin, and it intends to deploy a further €75m. But just who are they, and why are they targeting old Georgian buildings? Two of its founders talk strategy, finance and the Dublin housing market.

2nd Jun, 2020 - 6 min read

Tom Lyons

Chief Executive

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For a limited time, get your first month for €1 and unlock full access to The Currency and The Wall Street Journal – two premium memberships, one subscription.

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