Kirkland Investments

What Kirkland Investments does

Kirkland Investments is a privately held Irish real estate development and investment firm founded in 2013 by brothers Robert Butler and Rudi Butler, headquartered in Limerick. The firm acquires, develops, and manages prime commercial, residential, hospitality, and mixed-use assets across Dublin, Cork, and Limerick, controlling a portfolio exceeding €300 million in value and over 1 million square feet across more than 20 properties. Its core product portfolio centres on trophy Grade A office space (notably 1BQ, a nine-storey LEED Gold and Wired Score Platinum building in Limerick), luxury residential apartments (The Residence 1BQ and City Central Apartments), two city-centre hotels in Limerick (The Savoy and The George), and a Dublin Premier Inn near the airport, alongside mixed-use masterplans such as the 62-acre Towlerton site (€800M total planned investment including a 150-bed Bon Secours hospital, secondary school, diagnostics centre, neighbourhood retail, and ~300 residential units) and the 40-acre Horizon brownfield.

The business generates revenue through three primary streams: recurring commercial leasing to enterprise tenants (Verizon, Bon Secours, Glass Lewis, WP Engine, Oracle, Aramark, Mater Private, Laya Healthcare), recurring residential rents, and hospitality income from hotel operations and F&B outlets. GTM is sales-led and relationship-driven, with bespoke flexible lease terms negotiated directly with corporate occupiers. Pricing is evidenced at approximately €40 per sq ft for Grade A office (Verizon, 15-year lease) while most other pricing is not publicly disclosed. Land disposal and development asset sales (e.g., Bon Secours parcel, Eastgate Cork exit Q1 2025) provide one-time capital events used to recycle into the development pipeline.

The firm differentiates through heritage restoration expertise (Europa Nostra award for Hibernian House), sustainability credentials (LEED Gold standard, Wired Score Platinum, BER A3), and a curated portfolio of architecturally significant properties in supply-constrained prime locations. Operating geographies are entirely Irish; no international expansion, no institutional investors, and no parent company are disclosed, with control concentrated in the Butler family.

Name

Kirkland Investments

Legal name

Kirkland Investments

Website

https://kirklandinvestments.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Kirkland Investments is a privately held Irish real estate developer and investor, founded in 2013 by the Butler brothers, that owns and develops Grade A commercial, luxury residential, and hospitality assets across Dublin, Cork, and Limerick, with a portfolio exceeding €300M and 1 million square feet.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development and Investment

NAICS

Lessors of Real Estate (5311), Lessors of Other Real Estate Property (53119), Nonresidential Property Managers (531312), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Land & Development Site Brokerage (BPAJABAG), Natural Resources — Timberland (FSAAAKAH)

Keywords

• Commercial real estate development
• Luxury property investment
• Office leasing services
• Heritage building restoration
• Mixed-use property portfolio

Headquarters

HQ city

Limerick

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Leasing: Leasing of Grade A office spaces to corporate tenants with flexible lease options. Revenue generated through long-term commercial leases in office, retail, and hospitality sectors.
2. Luxury Residential Rental: Rental income from luxury residential apartments including The Residence 1BQ (34 units) and City Central Apartments (84 units)
3. Hospitality Asset Management: Revenue from hotel operations including The Savoy Hotel (107 rooms) and The George Hotel (124 rooms), as well as restaurants and bars within the portfolio
4. Land Disposal and Development Sales: Strategic disposal of development land to partners including Department of Education (school site) and Bon Secours (hospital site), and sale of completed development assets

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Kirkland Investments is a privately held Irish real estate development and investment firm that develops, owns, and manages a diversified portfolio of commercial office, retail, hospitality, and luxury residential properties across Dublin, Cork, and Limerick. The firm delivers Grade A office leasing to corporate tenants, operates luxury hotels and residential apartments, and executes large-scale mixed-use developments including the €800m Towlerton masterplan.

Product overview

Kirkland Investments is a real estate development and investment firm offering a diversified portfolio of commercial, residential, hospitality, and mixed-use properties across Ireland. The company's product offerings span development projects (including the flagship 1BQ Grade A office building with adjacent The Residence 1BQ apartments, Bishops' Palace, Towlerton medical-led campus, Horizon, and Neighbourhood Centre) and investment assets (such as The Savoy Hotel, Premier Inn Dublin, Newenham House Dublin, The George Hotel, Hibernian House, Cornstore, 15 Henry Street, 12 Henry Street, Riverfront suites, City Central Apartments, Bedford Row Retail, and 38 O'Connell Street restaurant). The portfolio also includes completed exit assets like Eastgate Little Island. Kirkland operates across commercial office, retail, hospitality, and luxury residential sectors in Dublin, Cork, and Limerick, managing over €300 million in assets with more than 1 million square feet of space.

Differentiator

Problem solved

Functional benefit

Products and services

• 1BQ Grade A Offices A nine-storey, 82,000 sq ft Grade A office building in Limerick's city centre waterfront, designed to LEED Gold standard with Wired Score Platinum certification. Features include high-profile glazed office tower with architectural Louvre panel system, brick cladding, expansive city views, and two café/restaurant units at Level 0 plus one in The Coach House. Leased to corporate tenants including Verizon.
• The Residence 1BQ

Quantifiable outcome

• Achieved Wired Score Platinum certification for 1BQ building
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• Lidl IrelandcoreStrategic or Co-development Partner · 3 August 2024Lidl is developing its newest store in Towlerton, Ballysimon, marking Limerick's sixth outlet. The store will create 30 permanent jobs and up to 100 construction jobs. Part of the mixed-use neighbourhood centre development at Towlerton.
• John Sisk & SoncoreImplementation/ SI/ Consulting Partner · 23 October 2023John Sisk & Son is the main contractor delivering the €190m Bon Secours Hospital Limerick project at Towlerton. The Sisk team and local supply chain partners have been actively on site, collaborating on the delivery of a state-of-the-art medical facility for Limerick and the greater mid-west region.
• Bon Secours Health SystemflagshipStrategic or Co-development Partner · 23 October 2023Bon Secours is investing €300 million nationally, with €190m dedicated to the new 150-bed private hospital at Towlerton, Limerick. The hospital will treat over 50,000 patients annually and create 250 new jobs. Kirkland Investments sold land to Bon Secours for the hospital development as part of the wider Towlerton masterplan.
• Alliance Medical Diagnostic ImagingcoreStrategic or Co-development Partner · 1 August 2023Alliance Medical operates as a joint venture partner with Bon Secours providing outpatient radiology services at the Clinical Services Hub, including MRI, CT, X-Ray, Dexa, Ultrasound and PET CT scanning - the first PET CT scanning in the region.
• Department of EducationcoreStrategic or Co-development Partner · 1 January 2017Kirkland Investments sold a plot of their 62-acre Towlerton site to the Department of Education for development of a modern 1,200 pupil secondary school. The Educate Together school has since been completed and opened.

Scale indicators7 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• IPUT plc: Ireland's largest unlisted commercial property investment company focused on Dublin office; comparable to Kirkland's commercial office leasing and asset management activities but at substantially larger scale.
• Kennedy Wilson Europe Real Estate: Global real estate investment and asset manager with significant Irish office and mixed-use exposure; comparable as a landlord/investor of institutional-grade Irish commercial real estate.
• Henderson Park: Real estate investment manager with significant Irish commercial property holdings; comparable as an institutional-scale investor in Irish Grade A office and mixed-use assets.
• Tetrarch Capital: Irish private investment group with significant commercial real estate and hospitality assets; comparable as an Irish multi-sector property owner/investor.

Direct peers

• Ballymore Group: Large-scale Irish-founded developer of mixed-use, office and residential destinations including Dublin docklands; comparable to Kirkland on development-led commercial real estate in Ireland.
• Hibernia Real Estate Group: Irish-headquartered developer and owner of Grade A office, residential and mixed-use schemes across Dublin and the UK; directly comparable to Kirkland in product type, geography, and tenant mix.
• Park Developments: Long-established Irish property developer of residential, office and mixed-use schemes; comparable to Kirkland as a multi-sector Irish developer of iconic urban properties.
• LRC Group: Irish developer and investor active in residential, commercial and hospitality projects across Dublin and regional Ireland; comparable to Kirkland's mixed-use development activity.
• Marlet Property Group: Dublin-headquartered residential and mixed-use developer active across Ireland; comparable to Kirkland's residential and mixed-use development pipeline (e.g., City Central, Neighbourhood Centre, Horizon).
• O'Flynn Construction: Cork-based Irish developer with a national pipeline of commercial, residential and mixed-use schemes; comparable to Kirkland on geographic footprint and project mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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 Kirkland Investments