Commercial Property

Abrdn fund acquires Roselawn build-to-rent scheme for €70 million

The 142-unit housing scheme in Blackrock is the fund’s first BTR asset purchased in Dublin

Roselawn in Blackrock will provide a mix of one, two and three-bedroom A-rated apartments, residents’ lounge, gym, co-working facilities and recreation areas. Picture: Ben Ryan

Abrdn’s Pan European Residential Property Fund (aPER) has completed the purchase of Roselawn, a multi-family/build-to-rent (BTR) scheme in Dublin, for €70 million. The development is the first BTR asset purchased by the fund in Dublin and was acquired on a forward commitment basis, purchased from Richmond Homes.

Roselawn is a development of 142 units located in the South Dublin suburb of Blackrock, providing a mix of one, two and three-bedroom apartments. Tenant amenities include a ...