SW3 Capital

Our Occu leadership team spent the last week in Europe visiting clients and investors as we move towards expanding our PRS platform and unique offering into new jurisdictions next year. We stopped off for a few days at EXPO REAL (Messe München) in Munich and caught up with friends, new and old!...leaving with some key messages that will form part of our strategic direction in 2025: 🔸️The living (beds) sector is firmly mainstream. Allocations will continue to rise across geographies for PRS/BtR, Hotels and PBSA, but other "alternatives" such as Senior Living and professionally managed Hostels will gain traction amongst institutional capital. 🔸️Valuations are notably weak and cap rates in our sector offer opportunity, but Funds are reluctant to be the first mover (buyers). The market will remain illiquid in the short term. Focus is on operational efficiency - that's where we add value 😉 🔸️Pipeline of new assets under construction (Ireland) is close to zero so the next phase in the investment cycle will be reliant on re-trades from existing asset owners. When liquidity returns, we expect to see a range of assets come to market in short order - driven by Funds at the end of their lifecycle. Pricing will be key as core money traditionally prefers to pay down for "new" assets 🏡 🔸️Fund inflows are back. While not yet widespread, last years conference was filled with conversations about redemptions in retail funds and managed accounts ✅️ 🔸️Investors remain fully educated on the Irish macroeconomic story but are less excited to seek exposure due to frequent policy change. Constant deviation creates risk and long term investors are deeply conservative. There's a risk that capital gets invested elsewhere and this would be a huge missed opportunity in the midst of a housing shortage. We see continued frustration amongst private capital that has no viable options for investing or partaking in social and cost rental sectors. We need a BIG fix here ☘️ 🔸️On the positive side, and with such a strong local economic story, there will be good appetite within sectors unaffected by Government intervention...hotels, industrial and dare we say it...even offices (eventually!). Occu now manages over 3,000 units in 24 locations across Dublin on behalf of globally renowned investors and enters the UK market in 2025. For more information on our platform, visit our website www.occu.ie or contact one of our management team for a chat.🟠🟣 Occu. Better renting. That's different.

From concept all the way through to completion, the Exo Building has set all sorts of new standards and records but last week was a little different....we are pretty sure the Brown Thomas SS24 fashion show took place on the highest runway ever seen in Ireland!!!! SW3 Capital Tristan Capital Partners

We are loving the awesome digital marketing campaign that our friends at Occu are undertaking for their latest launch at East Village in Dublin. In addition to the OOH advertising at Luas stops across the city, it's great to see the Occu branding come to life as the business continues to expand its platform and service offering to institutional clients. Occu is constantly setting new standards in the PRS market 👏 As always, huge credit to the London team at Rowdy Studio for their creative genius!

SW3 Capital and Tristan Capital Partners are delighted to welcome Ancestry, Corgan and a US tech giant to their new homes at EXO in Dublin. Alongside An Post, this landmark 170,000 sq.ft. building is now 80% let and is evidence that the Dublin occupier market remains strong for well located offices that are setting new benchmark standards for sustainability. Over 17 storeys, the EXO is the tallest office building in Ireland. A unique engineering concept, it features an exoskeleton structure, referencing the iconic blue gantries of the Dublin Docklands. Boasting the highest standards of sustainability through being LEED V3 Platinum certified, NZEB and BER A3, the EXO has been assessed to be EU taxonomy mitigated. SW3 Capital Director Ned Truman states that "EXO is considered to be a taxonomy aligned economic activity according to the Paris Climate Accord and this has been a significant driver for these prestigious occupiers choosing our building over the other options available in the market". Well done team! - SW3 Capital, Tristan Capital Partners, CBRE Ireland, Savills Ireland, Grant Thornton Ireland, AIB, Shay Cleary Architects, MCA Architects, Virtus, Bennett (Construction) Ltd, Dillon Eustace LLP, McCann FitzGerald LLP, Catalyst