Maslow Capital expands Dublin office to help tackle Ireland’s housing shortfall
Maslow Capital has expanded its Dublin office and dedicated ‘substantial’ capital towards helping tackle Ireland’s housing shortfall.
The European lender, responsible for around €8.7bn (£7.3bn) worth of real estate assets, has relocated to a larger office in Dublin and added two senior hires to its deal management and origination team. It has also expanded its pool of capital aimed at increasing housing supply, as well as creating thousands of construction-related jobs across Ireland.
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Oliver Lawlor joins the team as senior director of origination, while Bryan Scannell joins as senior associate. They join existing senior director Frank Daly, who has spearheaded the lender’s bridging and development transactions in the country so far.
Lawlor brings over 20 years’ experience as a real estate finance professional in both Dublin and London, originating more than €250m of real estate debt. Scannell has over 12 years of experience in corporate and property development lending.
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Funding for additional housing in Ireland is crucial right now, with official figures showing just 30,300 homes were completed in 2024 – 6.7 per cent fewer than in 2023 and below the government’s target of 33,000. The Housing Commission estimates Ireland faces a shortfall of around 256,000 homes.
Maslow Capital has supported a range of projects recently including completing a €17.3m developer exit loan in Dublin, a €6m bridging loan towards the purchase of a site for a social housing scheme in Dublin, and a €730,000 refurbishment loan converting a commercial building in Cork into housing.
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“I am confident that our unique proposition – combining fully discretionary pan-European capital with on-the-ground local teams – will be of huge benefit to Ireland’s real estate market, enabling us to offer swift and certain terms across the full lifecycle, spanning Bridging, Refurbishment, Developer Exit and Development Finance,” said Lawlor.
