Cullaun Capital is a new provider of development finance for projects across multiple real estate sectors in Ireland, including residential, student housing, office, industrial & logistics, hotels, mixed-use projects and development land.
It would be wrong to talk about development finance and not start with the provision of homes.
Pent up demand over recent years, coupled with the fact that a significant number of developers exited the market, has left a widening gap between the number of people seeking new homes and their availability. In addition to this, Ireland currently has one of the highest population growth rates in the EU.
The number of new homes being built needs to increase dramatically in the coming years in order to restore access to sensibly priced accommodation for all those that need it. Cullaun Capital wants to work with developers as they recommence substantial levels of building.
We want to support homebuilders by facilitating and accelerating the building of new homes in Ireland to help address Ireland’s housing shortage.
While housing is a critical challenge, it isn’t the only part of the market to have been constrained by the availability of development finance. Sometimes the development of housing only makes sense if commercial amenities are provided as part of the project. There is also a significant shortage of “Grade A” office space in many of Ireland’s main commercial centres.
At Cullaun we recognise that developers typically don’t focus exclusively on a single asset class. We aim to be able to provide financial solutions regardless of whether it is a much-needed housing development or a new office, hotel or logistics centre.
Our experience and financial strength means we are in a very strong position to help developers who are contributing to the solution of these problems.