UK's Tristan Capital Fund buys $61.2 mln Irish residential development sites

London-based real estate investment management firm Tristan Capital Partners' fund has bought two residential development sites in the Cabra and Sandyford suburbs of Dublin, Ireland.

Tristan Capital Partners' fund, EPISO 5, purchased the assets, comprising of a 7.2-acre site located in the south Dublin suburb of Sandyford, for 54.5 million euros ($61.2 million).

Additionally, the project includes pre-existing planning consent for 243 residential units and a community centre with a crèche and residents’ sports hall.

More so, EPISO 5 has also inked a joint venture agreement with Twinlite Developments, which will act as development manager, contractor and operating partner for the project.