Bain Capital Announces Sale of Newmarket Yards Residential Development in Dublin

DUBLIN - April 22, 2026 - Bain Capital, a leading global private investment firm, today announced the sale of Newmarket Yards, a fully leased residential development located in Dublin's city center.

Completed in 2024, Newmarket Yards comprises 413 PRS apartments alongside a 151 key hotel which was pre-leased to Whitbread plc (t/a Premier Inn) and sold in 2023, ground-floor commercial space and a wide range of shared amenities, located in one of Dublin's most dynamic and supply-constrained neighborhoods.

The transaction follows a multi-year investment during which Bain Capital, in partnership with Carrowmore Property, delivered a high-quality residential scheme designed to meet evolving tenant expectations for modern urban living. The project progressed from development through lease-up, reaching full occupancy in a relatively short period following completion, supported by strong demand for centrally located rental housing.

Situated within walking distance of Dublin's central business district and key cultural landmarks, Newmarket Yards benefits from strong connectivity and access to major employment hubs. The development includes extensive amenities such as co-working spaces, wellness facilities, rooftop terraces, and community areas designed to support a range of lifestyles.

A central focus of the development was sustainability and long-term performance. The building achieved BREEAM "Excellent" certification and an A-rated energy standard, incorporating energy-efficient systems, low-carbon construction materials, and design features aimed at reducing operational impact while enhancing resident experience.

"This transaction highlights our ability to deliver large-scale residential developments through close partnership and disciplined execution," said David Cullen, a Partner at Bain Capital. "Newmarket Yards reflects a focus on quality, sustainability, and design, alongside a strong understanding of local demand."

"Newmarket Yards demonstrates the strength of our residential platform in Europe," said John Kane, an Executive Vice President in Bain Capital's Portfolio Group. "From initial development through leasing and delivery, this project reflects a hands-on approach to creating high-quality assets that are built to perform over the long term."

The investment forms part of Bain Capital's Europe Real Estate strategy, which focuses on developing and repositioning assets across living, logistics, hospitality, and digital infrastructure sectors in markets where demand remains strong and supply is constrained.

Financial terms of the transaction were not disclosed.

ENDS

About Bain Capital

Founded in 1984, Bain Capital is one of the world's leading private investment firms. We are committed to creating lasting impact for our investors, portfolio companies, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,900 employees, and approximately $225 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).