82-84 Berwick Street,
Soho, London, W1F 8TP.

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Solving Ireland's housing crisis

Dwellings operates against a backdrop of severe housing undersupply, with an estimated 10,000-15,000 units per year of unfulfilled need. Whilst the Dublin residential market is mature and well capitalised, there is undersupply of capital for development in other Irish population centres.

Matter has backed the Dwellings team, led by one of Ireland's most experienced housebuilders, to deliver in excess of 2,000 homes in locations which benefit from strong employment and high quality infrastructure.

Since our initial investment in 2019, the management team and Matter have worked to rebrand the business and build out a best-in-class construction and sales infrastructure. Dwellings is now positioned as one of Ireland's leading medium sized housing developers, with a differentiated proposition focusing on first time buyers.

In numbers

c. 21,000

Annual undersupply

The Irish government estimates 33,000 new houses are required each year to meet housing demand. The average historical delivery has been only 12,000, meaning a large structural deficit that is growing each year.


New homes targeted

Dwellings is well on the way to meeting its target of providing 2,000 homes to first time buyers and working families, playing their part in solving Ireland's housing crisis.

100 %

Energy efficiency

All Dwellings homes have a minimum Building Energy Rating of A2 and are nZEB compliant, thanks to best-in-class energy efficiency measures including air source heat pumps and super insulated timber frame construction.

We are delighted to be working closely with the Matter team who from the outset demonstrated a deep understanding of the structural imbalance between housing need and the chronic housing undersupply, particularly in regional Ireland. We worked closely with the Matter team to implement a strategy that created close alignment between our management team, Matter as Investment Manager and their underlying investors. Our ongoing interactions with Matter have been invaluable as we grow the business and seek to address the continuing shortage of quality, sustainable housing stock across the country.
Jonathan O'Connor
COO, Dwellings