We’re delighted to announce our partnership with Lagan Investments. Under the partnership, Lagan will take an equity shareholding in Property Bridges and will also provide an initial commitment of up to €5m of lending capital for future housing projects on the Property Bridges platform.
At our core Property Bridges will always be a P2P lender, servicing our community of over 1,800 online lenders. However, all P2P lenders that have scaled successfully have done so by partnering with a range of funders, P2P, family offices and institutional investors. Being able to raise capital from a range of funders allows P2P platforms like Property Bridges to better service the development market.
Our partnership with Lagan Investments, combined with our growing community of over 1,800 P2P lenders, allows us to scale into larger projects like our latest project in County Limerick. Lagan Investments, was set up following the sale of the Lagan Group to the Breedon Group in 2018 for €527m. The Lagan Group was one of the largest cement, building products and contractors in Ireland, as well as having significant homebuilding operations in the UK.
With deep roots in the Irish construction market spanning three generations and with unrivalled expertise in homebuilding, we believe Property Bridges has found the ideal business partner.
Left to Right: Michael Browne, Enterprise Ireland, John Lagan, Lagan Investments, David Jelly, Property Bridges, Carl Power, NDRC.
Image was taken at the Property Bridges announcement event on Thursday the 11th of July.