£50m boost for Northern Ireland Property Sector
Northern Ireland’s property market has received a serious boost with the launch of a £50 million fund by leading finance and real estate specialists GDP Partnership.
The funds, which are available immediately, address the continuing difficulty that operators in the sector are having finding funding for viable projects and can be used for commercial property ventures across Northern Ireland.
GDP Partnership has built a reputation in the last few years for providing innovative solutions for clients through their practice specialities of bank mediation, restructuring, asset management, corporate finance and real estate advice, and launched the fund in direct response to the very sobering fact that there is currently little to no finance available in the local market place.
Conor Devine, Principal at GDP Partnership said, “This is a very important announcement for the local economy as a whole. After six years of a recession and a standstill in terms of the property market, it’s a fantastic boost for the local economy that our team is now launching this new lending platform.
“Confidence has been returning slowly but surely in the Northern Ireland economy in the last few months and, while the property sector experienced one of the sharpest downturns, it is returning to positive growth. As our banks continue to deleverage and clean up their own businesses, they have more or less cut off the funding supply to the local market for property based proposals.
“This £50 million fund should go some way to boosting the commercial property sector and we look forward to working with individuals and organisations who have a requirement for finance for viable deals.”
James Gibbons, GDP Partnership said, “At GDP we specialise in solving problems and have been working tirelessly since 2011 to identify new finance platforms, which sit outside that of the traditional institutional banking practices.
“This is a significant opportunity to property owners, developers and their advisers and we want them to know that GDP Partnership is here to help in a tangible manner that will see them get their plans off the ground sooner rather than later.”
The fund is provided for by UK based private investors who now see Northern Ireland as a place where they should invest their money. That alone is a massive statement in terms of bringing confidence to the local market.
For more information contact GDP Partnership on or email .