Hines and partner APG Asset Management have announced plans to spend €1.1bn (£900m) in Dublin’s build-to-rent market.
The news comes as the pair begin building the first flats for their 1,269 unit Cherrywood Town Centre scheme.
Hines and APG formed a joint venture in January to develop the scheme in the south of Dublin.
The total development cost for the project is estimated at €450m.
They will now target other new build-to-rent development opportunities in Cherrywood and across Dublin.
With a conservative level of debt funding, Hines and APG plan to invest an additional €700m in growing the Cherrywood platform beyond the 1,269 units currently secured.
In total, the duo plan to deliver approximately 3,000 units across the greater Dublin area.
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