What Marlet Property Group does

Marlet Property Group is an Ireland-headquartered, privately held property development company specialising in residential, commercial, mixed-use, student accommodation, healthcare, hospitality, and industrial/logistics real estate. Founded in 2014-2015, the company has grown to a pipeline of approximately 8,500 residential units and Ireland's largest private rental sector (PRS) portfolio of roughly 2,000 homes across six multi-family developments, alongside landmark commercial schemes in Dublin's Silicon Docks. Its customer base is bifurcated: individual owner-occupiers and renters on the residential side, and enterprise tenants (Workday, WeWork) plus institutional real estate investors (Mapletree, Patrizia AG, Real IS, M&G Real Estate) on the commercial and bulk-sale side.

The company's core technology centres on sustainable construction: it has achieved LEED Platinum certification at The Sorting Office, LEED Gold at Charlemont Exchange, and HPI certification for Grand Canal Harbour (the largest such residential scheme in Ireland), with additional sustainability features including EASI waste compactors (93% carbon footprint reduction), Blue Roof sustainable urban drainage, water filtration systems, and pandemic-ready design elements. The product set spans Grade A office space (The Shipping Office, The Sorting Office, Charlemont Exchange, College Square), high-density residential (Grand Canal Harbour, Foxlands Raheny, Claremont Howth, Green Acre Grange), mixed-use schemes (College Square, Belgard Gardens, Abbey Street), student housing (Prussia Street), nursing care (Primrose), and acquired retail parks (Belgard, M1, Poppyfield).

Marlet's revenue model combines one-time development sales (sales of completed schemes to institutional buyers such as Mapletree for €240 million) with recurring rental income from the ~2,000-unit PRS portfolio and commercial office lettings. It finances development primarily through institutional debt facilities (AIB, HBFI, Activate Capital, Apollo, PIMCO, AIG, Cheyne Capital, Cardinal, Bank of Ireland), with cumulative disclosed facilities exceeding €1.4 billion across 2020-2023. The go-to-market combines direct sales to end-users (show homes, viewings) and enterprise field sales to large tenants and institutional investors, supported by the Dubliv rental platform and dedicated student accommodation booking site.

Name

Marlet Property Group

Legal name

Marlet Property Group Limited

Website

https://marlet.ie

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Residential Property Managers (531311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Residential Real Estate Asset Management (BPAJAMAA)

akta.pro secondary industries

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE), New Development / Declarant Transition Management (BPAJAHAK)

Keywords

• Property development
• Real estate development
• Residential development
• Commercial property
• Sustainable construction

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Property Development Sales: Marlet develops residential, commercial, and mixed-use properties and sells completed developments to institutional investors and real estate funds. Revenue generated from the sale of developed properties at market value.
2. Rental Income: Private Rental Sector (PRS) portfolio generating recurring rental income from approximately 2,000 residential units across six multi-family developments in Dublin.
3. Commercial Lettings: Grade A office space leased to enterprise tenants. Major lettings include Workday at College Square (416,000 sq ft) and WeWork at Charlemont Exchange.
4. Student Accommodation: Purpose-built student accommodation developments generating rental income from student tenants.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Marlet Property Group is a Dublin-based property development company that develops, designs, plans, and acquires residential, commercial, mixed-use, student accommodation, healthcare, hospitality, and industrial/retail real estate across Ireland. The company sells completed residential units to individual buyers, lets commercial office space to enterprise tenants, sells entire developments to institutional investors, and operates a PRS rental portfolio of approximately 2,000 homes. The company is distinguished by its commitment to sustainable construction with LEED Platinum/Gold and HPI certifications and a target of carbon neutrality by 2030.

Product overview

Marlet Property Group is Ireland's leading property development company operating a diversified portfolio of real estate projects across multiple sectors. The portfolio encompasses commercial developments (office and retail spaces targeting LEED certification), residential developments (apartments, houses, duplexes across Dublin and Ireland), mixed-use schemes combining residential/commercial/hospitality uses, student accommodation, healthcare facilities, hospitality (hostels), and industrial/logistics properties. Major commercial projects include The Sorting Office (LEED Platinum, 202,000 sq ft) and The Shipping Office (177,000 sq ft) in Dublin's Silicon Docks. Key residential projects include Grand Canal Harbour (596 apartments), Claremont Howth (512 apartments), Green Acre Grange (307 apartments), and the PRS portfolio of six developments totalling over 2,000 homes. The company also operates retail parks, industrial facilities, and specialized developments including nursing homes and student accommodation.

Differentiator

Problem solved

Functional benefit

Products and services

• The Shipping Office A Grade A commercial office development in Dublin's Silicon Docks featuring 177,000 sq ft of office space and 5,700 sq ft of retail space across eight storeys, designed by Henry J Lyons architects. Winner of Building of the Year 2026 (Office Category).
• The Sorting Office A seven-storey LEED Platinum certified commercial building at Silicon Docks comprising 202,000 sq ft of office space and 6,000 sq ft of retail space, originally an An Post site. Sold to Mapletree Investments for €240 million.
• Charlemont Exchange A seven-storey, 123,000 sq ft Grade A office building in Dublin 2 with LEED Gold certification, completed in 2019 and home to WeWork. Features 95.68% construction waste diversion and 44.8% water efficiency reduction.
• One Lime Street A 216-apartment residential scheme in Dublin's Silicon Docks featuring private balconies/terraces, 2,500 sq ft of retail space, and extensive communal amenities including gym and lounge. Funded by a €65m AIB facility.
• Ropemaker Place A seven-storey residential development with 56 high-end boutique apartments in Silicon Docks, retaining warehouse heritage elements, with landscaped courtyards and 2,000 sq ft retail space. Sold to Real IS for €46 million.
• St. Clare's Park A 220-apartment residential development in Harold's Cross Dublin, comprising nine residential blocks with landscaped grounds, gym, creche, and basement parking. Available for rental via the Dubliv platform.
• Mount Argus A 179-apartment residential development in Harold's Cross consisting of eight residential blocks (three to five storeys) with 204 car parking spaces, gym, residents lounge, and landscaped gardens. Sold to Patrizia AG for €93 million.
• Green Acre Grange A 307-apartment residential development in Dundrum in three blocks (four to eight storeys), featuring green roofs, landscaped gardens, cinema, creche, and proximity to Airfield's urban farm. Funded by a €74m HBFI facility.
• Walled Garden A 142-apartment residential scheme in Dundrum preserving 19th-century walls and farmyard buildings, featuring four six-storey buildings, communal roof gardens, and 2,000+ sqm landscaped area. Funded by a €33m AIB facility.
• Grand Canal Harbour A 596-apartment residential development in Dublin 8 adjacent to Guinness Storehouse, with 76,000 sq ft of retail/amenity space, public plaza, and restoration of historic Harbour Warehouse. Funded by a €147m AIG facility and included in the €384m Activate Capital facility.
• Claremont, Howth A 512-apartment seafront residential development in Howth with 2,600 sqm retail space, 240 sqm creche, civic plaza, and extensive landscaped public areas including Western Parkland. Approved by An Bord Pleanála.
• Foxlands, Raheny A 657-apartment residential development adjacent to St. Anne's Park in Raheny with 1.6 hectares dedicated to central park, creche, gym, cinema, and extensive residents amenities. Approved by An Bord Pleanála.
• College Square A major mixed-use development in Dublin city centre comprising 540,000 sq ft of Grade A office space, 54 high-end apartments/duplexes, and 17,000 sq ft retail, targeting LEED Platinum and WiredScore Platinum certification. Funded by €270m Apollo/PIMCO facility.
• Cabra A 420-apartment residential scheme on Carnlough Road in Cabra with seven residential blocks, community centre, gym, 3,000 sqm retail space, and landscaped gardens.
• Brennanstown Road A 234-unit residential development (222 apartments and 12 duplexes) in Cabinteely with 53% of site dedicated to public open space, 250 sqm gym, and childcare facilities. Approved by An Bord Pleanála.
• Prussia Street Student Accommodation A 193-bed purpose-built student accommodation development in Stoneybatter, Dublin 7 with cluster-style rooms, courtyard spaces, lounge, gym, cinema room, and proximity to DIT Grangegorman campus. Funded by a €25m Cardinal facility.
• Balscadden A 180-apartment residential development in Howth Village with three residential blocks and a new linear plaza creating pedestrian and bicycle links.
• Kylemore A residential development in Killiney comprising 68 apartments, 13 courtyard units, and 21 houses with a prime South Dublin location.
• Arranmore, Killiney A 49-unit residential development (40 apartments/duplexes and 9 houses) in the affluent Killiney suburb with extensive landscaping and 2,500 sqm public open space.
• Kilbride, Bray A 33-luxury home development in Bray, Co. Wicklow featuring detached and semi-detached houses (3 to 5-bed) on a woodland setting with retention of historic gate lodge.
• Primrose Nursing Home A 120-bed state-of-the-art nursing home in Rathgar, Dublin 6 spanning 7,630 square meters with private courtyards, landscaped gardens, and modern care facilities.
• Martin's Terrace Hostel A 496-bed hostel development in Dublin 2 with 113 bedrooms across six floors (totalling 31,551 sq ft), featuring bar/restaurant, communal spaces, and 24/7 reception.
• Belgard Gardens A mixed-use development in Tallaght comprising 438 apartments, 403 student accommodation beds, and 7,000 sq ft retail with childcare facilities and extensive landscaped gardens.
• Abbey Street A mixed-use development on Dublin 1 comprising an 11-storey hotel (252 rooms), a 10-storey aparthotel (222 units), and two retail units totalling 1,666 sqm.
• Oatlands Manor A residential development in Mount Merrion comprising 30 apartments (1-3 bed), 24 duplex units, and 9 detached houses with communal garden and 108 parking spaces.
• Manor West Retail Park A retail park in Tralee, Co. Kerry featuring Manor West Shopping Centre with retailers including Debenhams, Next, and TK Maxx.
• Carriglea A 370-apartment residential development in Bluebell, Dublin 12 across 10 residential blocks, completed and sold. Marlet's foundational development project.
• Broom Heights, Midleton Residential development in Midleton, Co. Cork.
• South Richmond Street A four-storey mixed-use development in Dublin 2 with approximately 43,000 sq ft of office and retail space.
• Jamestown Industrial Unit, Finglas A 157,000 sq ft industrial facility in Finglas on a 2.86 hectare site with multiple warehouse halls suitable for sub-division.
• McKee Industrial Unit, Finglas A 166,098 sq ft industrial facility in Finglas on approximately 2.8 hectares with warehouse units, offices, and ancillary accommodation.
• Jamestown Road A 5-hectare logistics/distribution site in Finglas with planning permission for up to 400,000 sq ft development.
• St Mary's, Baldoyle A 26-unit high-end residential development (17 houses and 9 apartments) in Baldoyle designed around a protected structure on 0.79 hectares.
• M1 Retail Park Retail park acquired by Marlet in Drogheda, Co. Louth as part of expansion into the retail sector.
• Belgard Retail Park Retail park acquired by Marlet in Tallaght, Dublin 24 as part of expansion into the retail sector.
• Poppyfield Retail Park Retail park acquired by Marlet in Clonmel, Co. Tipperary as part of expansion into the retail sector.
• Mount Argus Monastery A monastery building in Harold's Cross, Dublin 6 with planning permission to convert into 32 apartments.
• Blackrock A 51-unit high-end residential development (11 one-bed apartments, 31 two-bed apartments, and 9 three-bed houses) in Blackrock, South Dublin.

Quantifiable outcome

• 81.38% construction waste diverted from landfill at Sorting Office
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Walls ConstructioncoreImplementation/ SI/ Consulting Partner · 25 April 2023Main contractor appointed for Claremont development in Howth.
• Euro Water SolutionsminorStrategic or Co-development Partner · 1 July 2021Preferred supplier of water filtration products for all Marlet developments. Winners of National Green Awards for water sustainability.
• Walls ConstructioncoreImplementation/ SI/ Consulting Partner · 9 June 2021Main contractor appointed for Grand Canal Harbour development in Dublin 8.
• AES Bord na MónacoreStrategic or Co-development Partner · 28 April 2021Partnership to introduce EASI waste compactors in all residential sites, following successful pilot at Mount Argus. EASI system achieves 93% reduction in carbon footprint compared to standard wheelie bin collection.
• Irish Green Building Council (IGBC)coreStrategic or Co-development Partner · 15 March 2021Marlet joined IGBC's Environmental Product Declarations campaign to help decarbonise Ireland's construction industry. CEO Pat Crean is an ambassador for IGBC's #BuildingLife campaign. Marlet is a Silver member of IGBC.
• BAM IrelandcoreImplementation/ SI/ Consulting Partner · 8 December 2020Main contractor appointed for The Shipping Office commercial development in Silicon Docks.
• BAM IrelandcoreImplementation/ SI/ Consulting Partner · 4 November 2020Main contractor appointed for Green Acre Grange in Dundrum, Dublin 14.
• BAM IrelandcoreImplementation/ SI/ Consulting Partner · 5 August 2020Main contractor appointed for One Lime Street (216 apartments), utilizing off-site prefabrication techniques including concrete superstructures, bathroom pods, and balconies.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Lagan Homes: Lagan Homes is an Irish residential developer active across Dublin and other Irish cities, directly competing with Marlet for housing supply, planning approvals and prime suburban land.
• Park Developments: Park Developments is an established Irish residential and mixed-use developer active across the Greater Dublin Area, comparable to Marlet in build quality, scale and Dublin-centric project mix.
• Quintain: Quintain is a UK-focused developer behind Wembley Park and major build-to-rent PRS schemes, with a directly comparable model of large-scale mixed-use masterplans with retained PRS / rental income.
• Cairn Homes plc: Cairn Homes is a leading Irish homebuilder listed on the LSE and Euronext Dublin, focused on residential development in the Greater Dublin Area and key Irish cities, with a broadly analogous build-to-sell residential model and growing PRS exposure.
• Glenveagh Properties plc: Glenveagh is an Irish homebuilder listed on Euronext Dublin focused on Dublin and Leinster residential development, directly competing with Marlet on the same housing-supply opportunity and increasingly active in PRS partnerships.
• Ballymore Group: Ballymore is one of the largest privately-owned Irish-rooted property developers, focused on large-scale residential, commercial and mixed-use schemes in Ireland and the UK with comparable build-to-rent and mixed-use models.

Broad incumbents

• Kennedy Wilson: Kennedy Wilson is a global real estate investment and asset manager with significant European (including Irish) commercial office exposure, providing a public-market comparable for Marlet's commercial letting and asset-management activities at much larger scale.
• Lendlease: Lendlease is a global developer and asset manager with large-scale urban regeneration, mixed-use and PRS schemes across multiple geographies, broadly comparable to Marlet's full-stack developer-plus-retail-asset model but at much larger scale.
• IPUT plc: IPUT is Ireland's largest office REIT and an established Dublin commercial landlord, providing a comparable anchor tenant-facing commercial real estate counterparty in the same Dublin submarkets where Marlet is developing Grade A stock.

Emerging players

• Watkin Jones plc: Watkin Jones is a UK-listed developer specialising in build-to-rent and purpose-built student accommodation, directly comparable to Marlet's Prussia Street student bed scheme and growing PRS build-to-rent exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/marletpropertygroup
• Facebookfacebook.com/marletpropertygroup
• Xtwitter.com/marletproperty

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marlet Property Group