Cullaun Capital, a multi-asset-class development finance lender with over €100m in finance deployed in Ireland, has committed to financing a 40-home modular construction project in Co Wexford. Cullaun Capital, a multi-asset-class development finance lender with over €100m in finance deployed in Ireland, has committed to financing a 40-home modular construction project in Co Wexford. A report by McKinsey & Co found that off-site construction could improve the speed of delivery in projects by up to 50pc. Cullaun Capital is backed by global investment business TPG Sixth Street Partners, which has $32bn (€29bn) worth of assets under management. The lender hopes to prove modular construction can work in Ireland through the Wexford scheme, particularly as the sector faces up to a skills shortage.

Source: Irish Independent November 24, 2019 06:56 UTC