Valpre Capital, Revelate Capital and Aventicum Real Estate Announce Strategic Partnership for the Development of 10 Newmarket Square in Dublin

By valprecapital Admin

 

Valpre Capital, Revelate Capital and Aventicum Real Estate Announce Strategic Partnership for the Development of 10 Newmarket Square in Dublin

Dublin, 28 November 2023 – Valpre Capital, a London-based private equity real estate investment firm, Revelate Capital, an Irish based real estate investment and development business and Aventicum Real Estate, a pan-European value-add real estate platform owned by UBS, are delighted to announce their strategic partnership for the development of 10 Newmarket Square, a contemporary residential Build-to-Rent scheme in the heart of the Dublin’s City Centre.

10 Newmarket Square occupies a prominent location in the vibrant and lively Newmarket square in the Liberties area in Dublin 8 and will comprise 132 high-quality apartment units. The development will also include a retail unit, 301 designated bicycle parking spaces, a co-working lounge, public amenities, a landscaped courtyard and 3 communal rooftop gardens designed to foster a dynamic community spirit.

The project targets the latest Nearly Zero Energy Building (NZEB) standards with a passive-first philosophy, with low u-values and a low-energy design. This commitment underlines the joint venture’s dedication to making a positive impact on the environment and the local community.

Designed by the award-winning Reddy Architecture + Urbanism, 10 Newmarket Square will be constructed by Walls Construction, one of Ireland’s leading building contractors. Fairfield Real Estate Finance, backed by funds managed by Oaktree Capital, is providing construction financing. The completion of the project is anticipated by Q3 2025.

Jan Dijkstra, Senior Director at Aventicum Real Estate, commented: “We are delighted to have concluded this partnership with Valpre Capital and Revelate Capital which marks our first investment in the Irish market. We believe Dublin and other larger cities in Ireland will continue to offer attractive investment opportunities in the living sector in the coming years as demand fundamentals are sound and construction activity is suppressed.”

Ahmad M. Hariri, Founder & Managing Partner of Valpre Capital, commented: “We are glad to have Aventicum onboard in this project which will enable the delivery of 132 much needed high quality apartment units in Dublin. Our experience in the residential sector in Ireland over the past 5 years reinforces our belief in the urgency of regulatory changes to the current format of rental caps to enable the delivery of additional housing units.”

Mark O’Brien, Founder & CEO of Revelate Capital, commented: “We are happy to see the construction works starting on site at 10 Newmarket Square, which will be our second project in the Newmarket area of Dublin 8. We have led the acquisition, design and planning process and are looking forward to now delivering the building.”

The deal was supported by Charles Irvine Capital as capital raising advisor.

10NMS Aventicum-VC-RC Press Release 2023-11-28

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EVC Energy acquires 121MW of Solar PV and Battery Storage projects in the UK

By valprecapital Admin

EVC Energy acquires 121MW of Solar PV and Battery Storage projects in the UK

London, 19 April 2023 – EVC Energy is pleased to announce its first acquisition in the UK of two “shovel-ready” co-located solar and battery storage projects located in Scotland, one at Strathruddie Farm and one at Montreathmont Moor, with an aggregate combined capacity of 121MW. The two projects will be built in the next two years and be operational in Q2 and Q3 2025.

EVC Energy is a renewable energy development platform launched in 2021 by Elmya Energy and Valpre Capital to develop and construct Solar PV and Battery Storage projects in Europe and the UK. It is currently developing a pipeline in excess of 2GW of greenfield projects at different stages of maturity in Greece and the UK.

The seller of the two projects is Rivington Solar Limited (part of the Renewables Connections development business) and European Energy UK Limited. Renewable Connections is one of the UK’s leading solar and battery developers.

Mazen Abou Chakra, Founder & Managing Partner of Valpre Capital, commented: “We are delighted to have completed this transaction which marks EVC Energy’s first acquisition in the UK market. We believe the UK will continue to offer attractive opportunities in the energy transition and renewables space over the coming years. EVC Energy’s current focus on the UK and Greece offers our investors access to two attractive markets with substantial growth potential.”

Jose Maria Pinar, CEO of Elmya, commented: “We are pleased to have acquired these two strategically located projects with near term energization dates. EVC Energy favours the co-location of Solar and Battery Storage as it allows a highly efficient use of land & grid and access to multiple revenue streams. Our team on the ground in the UK and Greece remains very active in progressing our projects and growing our pipeline to capture the attractive opportunities available.”

The deal was supported by legal advisors Foot Anstey for EVC Energy and Burges Salmon for Renewable Connections and European Energy UK.

The Elmya group was founded in 1966 and has over 300 employees and boasts a long history and experience in the electric and Solar PV sectors. Over the years the group has developed to become a successful international EPC contractor with projects on both sides of the Atlantic. Since 2004 the group has built Solar PV plants across the globe including Spain, Italy, UK, Mexico, Peru, Chile, UAE, KSA and Argentina. Its dedicated subsidiary, Elmya Energy, benefits from the expertise of a fully integrated group, achieving lower project-development costs, higher success and optimised returns.

Valpre Capital was founded in 2018 by a group of professionals with over 20 year of individual track record in investments and corporate finance. Valpre Capital provides its investors with access to attractive privately structured and tailored investment solutions generating enhanced risk adjusted returns in the private equity and real estate space.

EVC Energy_Press Release_2023-04-19

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