This strategic partnership with Avenue Capital will enable Castlethorn to develop landbanks for residential use across Ireland, bringing new housing to the market and developing Castlethorn’s presence in the Irish residential property sector.

Robert Maloney Derham, corporate M&A partner said: “This transaction is important for a number of reasons not least as it showcases an ambitious partnership between Castlethorn and Avenue Capital to deliver residential housing at scale across Ireland.  The Matheson team involved specialist lawyers from across the firm and was coordinated via our dedicated real estate M&A group.”

The real estate M&A team was led by M&A partner, Robert Maloney Derham and M&A senior associate, Aisling Smith. The deal team also included Ruairí O’Donovan, Nicola McAleese and Fiona Scally (M&A), and was closely supported by a team of specialist lawyers from across the firm including Sally Anne Stone, Laura James and Nicole O’Flynn (commercial real estate), Mary Liz Mahony and Dylan Lambe (construction), Maireadh Dale, Carol O’Shea and Patrick Ferguson (finance and capital markets), and Niall Collins and Harry Healy (EU competition and regulatory).