Moralltach Global Plc is targeting property development sites with over 1000 new homes to help tackle the Irish housing crisis.

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To update June 2022

VALLETTA, Malta, June 30, 2022 /PRNewswire/ — After incorporation in 2016 and a seed phase, Moralltach Global Plc announces the ongoing acquisition of several residential developments across Europe Ireland. With several of the sites already acquired and the remaining targeted acquisitions in advanced discussions, the sites include counties Wexford, Wicklow, DublinLimerick, Cavan, Carlow, Kildare.

After lengthy discussions with well-known real estate developers, backed by a multi-billion euro private equity group and now supported by various stakeholders, Moralltach has started initial work which has resulted in applications for building permits for strategic locations. Moralltach has also targeted land it believes will be designated as residential in the future, maximizing the possibility of a steady stream of income over many years. Moralltach’s goal is to build high-quality, affordable living space that can be rented to municipalities or sold to private buyers.

If all of Moralltach’s target development areas are acquired and achieve planning, they have the potential to be developed into over 1000 properties with an estimated total gross development value in excess of € over the coming years 700m across all locations.

On 02/09/2021, The Financial Times reportedIreland unveils record spending to tackle housing crisis. The Irish government will allocate €4 billion annually to build more than 33,000 new homes a year in a bid to get a grip on the countrys chronic housing shortage. Ireland‘s housing problems are rooted in high construction costs, which have pushed up sales and rental prices, and are compounded by a lack of supply and a growing population.’

Moralltach Global Plc is a European real estate holding and development company that aims to become a major investor in the green energy space. Most of their wealth resides in the Irish republic.

Moralltach works with existing companies, property owners, developers and entrepreneurs.

Moralltach agrees to buy assets from various groups. As part of the asset acquisition process, Moralltach can assist with renegotiation or settlement of legacy debt, project viability and financing via syndicated debt or equity investment. The goals of the project procurement partnership were somewhere between € 1m worth well over € 100m.

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SOURCE Moralltach Global Plc

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