ISIF €500m tie-up set to bridge home shortage gap

A joint venture between the Ireland Strategic Investment Fund and global investment firm, KKR, will deliver “a material increase in housing supply” after a €500m fund was announced yesterday.

The lending platform, to be known as Activate Capital, will be capable of funding the construction of over 11,000 new homes.

Of the €500m, ISIF, which is managed by the National Treasury Management Agency, is putting up €325m in its biggest investment to date, with US-headquartered KKR chipping in €175m.