Spencer Place Courtyard
Spencer Place Residential, a Ronan Group development in Dublin’s north docklands, has been sold to Ardstone for €177m. The transaction is the highest-value residential investment deal in Ireland this year, and suggests a higher level of confidence in the sector.
Spencer Place Courtyard
Today’s News in 90 seconds – 13th August 2025
Ronan Group acquired the six-acre mixed-use campus in 2016, and subsequently secured the tenancy of Salesforce, in what was described as the largest pre-let ever achieved in the Irish market. Ardstone is now acquiring the development from Spencer Place Development Company, which is a joint venture between the Ronan Group and Fortress Investment Group.
Spencer Place Residential represents the final phase of the campus, with 360 private units in two buildings, that include build-to-rent apartments and co-living spaces. The development features a 24-hour concierge, gym, cinema and top-floor lounges, and was designed to support a community of over 700 residents.
The price achieved reflects the strong fundamentals of Ireland’s economy
Gavin Wyley, head of residential development at the Ronan Group, said: “Spencer Place Residential is a development that has played a central role in the transformation of Dublin’s north docklands. The price achieved reflects the strong fundamentals of Ireland’s economy and the improving sentiment in the residential investment market.
“We expect this momentum to continue into 2026, supported by recent government amendments to rental caps and apartment standards coupled with sustained demand for high-quality urban living.”