Evara, the real estate developer formerly known as Quintain Ireland, has announced an ambitious €2 billion investment strategy aimed at delivering 7,500 new homes across Ireland over the next five years. This significant expansion follows the recent acquisition of Evara by U.S.-based private equity giant TPG, marking a major shift in the Irish residential development landscape.
The company plans to focus initially on large-scale residential schemes in the Greater Dublin Area, particularly in growth hubs like Adamstown, Clonburris, and Portmarnock. Beyond Dublin, Evara has set its sights on Ireland’s other major cities—Galway, Cork, and Limerick—where housing demand continues to outstrip supply.
In a further show of confidence in the Irish market, Evara will allocate approximately €300 million for strategic land acquisitions. These will be the company’s first major purchases since its formation in 2019 and signal a more aggressive expansion strategy under new ownership. Evara also aims to increase its build-to-rent and affordable housing portfolios in response to growing institutional interest and social housing needs.
This move cements TPG’s growing influence in Ireland’s private housing sector and highlights renewed investor confidence in large-scale, long-term residential development opportunities.
Interesting..