Over their first decade of operation, Ardstone Capital’s owners Donal O’Neill, Donal Mulcahy and Ciaran Burns perfected their ability to find the best property deals for investors ranging from wealthy Irish families to New York-listed real estate firms. As detailed in Part one of this investigation, they did this through office transactions across development, value deals and medium-term rental investments in Germany, the UK and finally Dublin, handling over €300 million worth of assets in the process. By the mid-2015s, they were ready to help their investors make the most of the next big opportunity: Irish housing. Much like Dublin…

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