Moralltach Global Plc, established in 2016, is strategically addressing the Irish Housing Crisis by targeting property development sites capable of accommodating over 1000 New Build Homes. With a focus on counties such as Wexford, Wicklow, Dublin, Limerick, Cavan, Carlow, and Kildare, Moralltach is actively acquiring and developing residential sites across Ireland.
Having engaged in extensive discussions with prominent property developers, backed by a multi-billion euro private equity group, Moralltach has garnered support from various stakeholders. The company has initiated preliminary work and is progressing towards securing planning permissions for its strategic sites. Additionally, Moralltach Global has identified land likely to be zoned for residential use in the future, ensuring a sustained income stream over the long term.
The objective of Moralltach is to construct high-quality, affordable housing units that can be leased to local authorities or sold to private buyers. If all targeted development sites are acquired and obtain planning approval, Moralltach anticipates the potential development of over 1000 properties in the coming years, with an estimated gross development value exceeding €700 million.
The Irish government's commitment to addressing the housing crisis, allocating €4 billion annually to build more than 33,000 new homes per year, aligns with Moralltach's mission. Ireland's housing challenges, stemming from high construction costs, limited supply, and a growing population, underscore the importance of initiatives such as those undertaken by Moralltach.
As a European property holding and development company, Moralltach also aims to become a significant investor in the Green Energy sector. While its assets are primarily located in the Republic of Ireland, Moralltach collaborates with existing businesses, property owners, developers, and entrepreneurs to achieve its goals.
In its asset acquisition process, Moralltach offers assistance with legacy debt renegotiation or settlement, project feasibility assessments, and funding through syndicated debt or equity investment. The company's project procurement partnerships have ranged from values as low as €1 million to well over €100 million.
Source From - https://www.prnewswire.com/news-releases/moralltach-global-plc-targets-property-development-sites-capable-of-over-1000-new-build-homes-in-effort-to-help-tackle-irish-housing-crisis-301578590.html
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