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The Vestry Partnership, a low-profile property fund backed by a Singapore sovereign wealth fund, has amassed a portfolio of more than 1,000 separate rental properties in Ireland.
The portfolio consists of single or multiple units in different developments, mostly apartments in Dublin.
Vestry is believed to be controlled by GIC, a Singaporean state wealth fund, and has received debt financing from DBS, a Singaporean lender.
Vestry is headed by Christy Dowling, Robert Kehoe and Andrew Gunne. Dowling and Kehoe are also directors of Newlyn, a residential development company, while Gunne is a former director of Castlethorn Construction.
According to its most recent accounts, up to March 2022, the partnership controlled 813 units and had let 99 per cent of the properties. Since its launch in
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