A Starwood Capital Group affiliate partnered with Urbeo Residential and the Ireland Strategic Investment Fund to launch a €1 billion build-to-rent residential platform focused on Ireland, Property Funds World reported.

The platform, to be known as Urbeo, will acquire rental accommodations involving social and supported tenants in Dublin and other major Irish cities, mainly through forward purchase and funding arrangements. It will be seeded with three assets totaling 334 private and social units in Dublin, with a pipeline of more than 2,500 units.

Goodbody Stockbrokers, A&L Goodbody, McCann Fitzgerald, William Fry and Sherry Fitzgerald were the advisers.