HONG KONG SAR –
Media OutReach – 30 September 2022 – Bartra, one of Ireland’s leading real estate developers, has announced the repayment in 2022 of €93 million to investors who invested in social housing and nursing home projects with Bartra via Ireland’s immigration investment programme. The repayment is being made following the successful completion and sale of a number of social housing and nursing home projects to institutional investors in line with the business plans for these projects.
The construction of Bartra’s social housing and nursing home schemes is funded by investors participating in the Irish Immigrant Investor Programme (IIP). The IIP was introduced by the Irish government in 2012 and uses the immigration system to incentivise foreign investment into critically needed infrastructure such as social housing and nursing homes. The programme is managed by the Immigration Service Delivery (ISD) Unit, a dedicated department within the Irish Department of Justice.
The key benefit of the IIP for many investors is the prospect of residency rights in Ireland within a short timeframe. It typically takes six months for approval and Ireland does not require investors to spend any more than one day per year in the country to maintain their residency. Due to Ireland’s strong and robust economy, high-quality education system, and excellent accessibility to its EU and UK neighbours, the IIP is currently growing at a fast pace, particularly in Asia. According to the Irish Ministry of Justice, from 2016 to 2021, there were 2,226 IIP applications with most investments made into the Enterprise option (61%).
Bartra provides social housing and nursing home IIP investment opportunities under the Enterprise investment route for high-net-worth families who are interested in emigrating to Ireland.
“Both of these asset classes are priority investment areas for the Irish State and Bartra has a strong track record of delivering projects in line with business plan and repaying investors. The total successful repayment amount of over €90 million to be made this year will mark one of the largest IIP repayments in history from a single Irish developer.”
Daniel Hinds, Bartra Wealth Advisors Chief Operating Officer commented.
Hinds added: “Bartra Wealth Advisors was established to provide one-stop-shop Irish immigration services. With our unique business model and the backing of our parent company, we are able to support clients throughout the investment and immigration process, from immigration consulting and applying for qualified IIP programmes to landing services and ensuring investments are repaid. To date, Bartra has maintained a 100% application approval rate, 100% renewal rate and 100% repayment rate.”
Bartra intends to continue to raise funds from the IIP to develop bundles of social housing and nursing home projects on sites it owns, providing full visibility to IIP investors on the nature of the projects that they are investing in.
Batra launched its social housing business to focus on the provision of much-needed family homes and has completed three projects to date, with three more under construction. The company has established a dedicated social housing team, which is tasked with identifying development sites suitable for social housing where Bartra can deliver attractive investment opportunities to investors.
Andrew Ennis, Director of Investments and Structuring at Bartra, says, “Our plan is to deliver at least 3,000 new homes between now and 2030, with our primary focus on the continued delivery of sustainable social housing. We want to build more homes for social and affordable tenants and believe social housing – the right homes, in the right places – could play a bigger role in reducing the impact of the housing supply crisis.”
In the healthcare sector, Bartra builds, manages and operates projects from start to finish, providing premium clinical care services for residents. Led by
Declan Carlyle, Bartra’s Healthcare division delivers a nursing home portfolio with superior elderly care facilities designed to meet the Irish government’s highest standards as imposed by the Health Information Quality Authority (HIQA). Bartra intends to build more much-needed healthcare homes in Ireland, in proximity to major hospitals and transport hubs, to service an ever growing elderly population cohort.
And as nursing homes qualify as essential infrastructure, institutional investors with long-term investment horizons are contributing to elderly care projects as part of their investment portfolios. Selling the healthcare developments to institutional investors is also part of Bartra’s development exit strategy to repay their IIP investors.
Last month, Bartra sold a portfolio of nursing homes to Belgian Real Estate Investment Trust (REIT) Aedifica for approximately €161 million. The portfolio, which has capacity for 617 residents, consists of two brand new nursing homes located in Loughshinny (Skerries) and Northwood (Santry), an HSE transitional care unit in Beaumont (Artane), and the forward purchase of Clondalkin Lodge nursing home, which is currently in development.
Hashtag: #Bartra
The issuer is solely responsible for the content of this announcement.
About Bartra Wealth Advisors
Bartra Wealth Advisors (Bartra) is part of the wider Bartra Group, specialising in providing independent Irish immigration investment advisory services. With well-established business, extensive Irish immigration experience, expertise in the investment field, professional landing teams and strong business network support, Bartra Group has successfully carried out a significant number of social housing and nursing home Immigrant Investor Programme (IIP) projects and has helped hundreds of families successfully immigrate to Ireland.
Bartra Wealth Advisors prides itself on delivering streamlined, in-group, end-to-end services. Its unique business model supports clients throughout their investment and immigration journey, from immigration advisory and government backed IIP projects through to exit executions. It maintains a 100% application approval rate, a 100% renewal rate and a 100% repayment rate. For details, please visit to the company website https://www.bartrawealthadvisors.com/.
Bartra team and project images
Click here to download
Bartra Insights
- Belgian REIT Aedifica Acquires Four Bartra Healthcare Properties
- Poplar Row social housing – client Bruce Zheng shares his IIP journey
- Loughshinny Nursing Home repayment – client Luna Wu on her successful IIP journey
- Premium nursing home care in Ireland
- Relocating to Ireland
- The 4 things you must know about Ireland IIP
For more insights about Ireland, visit Bartra Wealth Advisors’ blog:
https://www.bartrawealthadvisors.com/insight/
Services
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
In this episode of 'A Working Lunch with Nordin', MGBF's Nordin Abdullah and regional commentator Eddin Khoo will discuss the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
This MGBF Roundtable will feature thought leaders form Japan, Australia, Singapore and Malaysia dealing with the critical issues of manipulation of public listed companies and government and their financial impacts.
A series of networking sessions with various business associations and trade organisations exploring high-value opportunities for business leaders and entrepreneurs looking to build the relationships that matter.
This integrated event will include a forum, dedicated business matching, site visits, a gala dinner and a round of golf. Aptly themed, the focus will be on regional food security issues and trends in the context of the supply chain, agriculture technology and trade regulations and policies.
MGBF In The News
Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
We live in the age of crisis. At the heart of any crisis is the threat of rapid change. Change too deep or too wide that the current coping mechanisms for an individual, corporation or government are unable to remain resilient. An unwelcome paradigm shift, like the proverbial spider, that […]