Timbercreek Ireland creates innovative financing solutions tailored to meet the diverse project needs of Ireland’s commercial property market.

Seeking high risk-adjusted returns in a dynamic market? Look no further than TREF-Ireland II, Timbercreek’s latest offering focusing on the Irish commercial real estate debt market. This closed-end fund leverages Ireland’s strong economic and market fundamentals to deliver investors with attractive risk-adjusted returns.

Building on the success of Fund I, TREF-Ireland II targets a net IRR of 10%–12%, with a focus on multi-residential, industrial, and retail asset classes. The fund is currently raising up to €200 million, with a three-year investment period and a total fund term of seven years. The first close occurred in March 2023, and the fund is actively deploying capital with the first three loans already funded. The final close is targeted for Q2-2024.

Overall, TREF-Ireland II offers a compelling opportunity to diversify your portfolio and achieve superior returns. 

Key features of TREF-Ireland II include:

  • Attractive risk-adjusted returns targeting 10%–12% net IRR
  • Investment in established asset classes: multi-residential, industrial, and retail
  • Experienced team with a proven track record in Irish commercial real estate
  • Closed-end fund structure with a three-year investment period and seven-year term

Recent Highlights

c. €40m
Refinance of Senior Living Care Home and Independent Living Units
Kildare, Ireland
48 months
c. €7.5m
Funded acquisition of student accommodation scheme
Cork, Ireland
36 months

INVESTOR INQUIRIES

Executive Director,
Country Head – Ireland