IIP Pre-Budget Submission 2027 Stability Unlocks Supply Delivering Homes at Scale: Stability, Viability and Sustainable Investment

IP welcomes publication of Infrastructure Task Force report but says speedy implementation and passage of enabling legislation is now key Group warns that country cannot withstand further drift Wednesday December 3 2025 - For immediate publication Irish Institutional Property (IIP), the voice of institutionally financed investors with significant international backing in the Irish real estate market, has said today said it welcomes publication of the report of the Accelerating Infrastructure Task Force but says the Government must now move to speedily implement its recommendations and pass all necessary enabling legislation as soon as possible. The report’s objective to remove long standing barriers that slow down the delivery of housing and related infrastructure is a positive and overdue step that can reshape how Ireland plans, funds and builds the essential assets that support sustainable growth. The report sets out a more coherent national approach to infrastructure planning with faster decision making and stronger coordination between departments, agencies and local authorities. For investors this clarity is a game changer. It reduces uncertainty, supports long term capital commitments and helps unlock new supply in areas where the need is most acute. We recognise the work of the Task Force members whose time, expertise and engagement have helped produce a set of recommendations that can make a real difference. Their contribution has created a pathway for practical reform, and we welcome the openness they have shown to evidence from industry and stakeholders. Now that the report has been published the priority must be delivery. Government now has the opportunity to turn strong proposals into action. We encourage Ministers and departments to move quickly, provide clear timelines and ensure the system wide changes recommended are implemented without delay. Ireland cannot afford further drift. The Task Force report offers real solutions. Now we need to see them put into practice

Statement from Irish Institutional Property (IIP) on the Launch of the Government’s New Housing Plan

IIP Pre Budget Submission 2026  Irish Institutional Property (IIP) is the voice of institutionally financed investors and real estate providers with significant local and international backing in the Irish real estate market. The mission of IIP is to promote the development of a sustainable world class real estate sector in Ireland, which benefits members, the economy, communities and wider society. IIP members are backed by a diverse group of investors, including Irish and international pension funds, among others. Post the Global Financial Crisis, institutional capital has become a significant component of both the global and Irish real estate markets, providing stable long-term funding to enable sustained delivery of the required supply of critical infrastructure, housing and workplaces. This capital has now largely re-structured and replaced the “highly leveraged” model of the past. These developments were necessary to put Ireland on par with other OECD countries that recognise capital intensive activities such as real estate need stable and more conservative capital structures to avoid the debt fueled boom and busts of the past.

Ireland needs institutional investment to significantly expand housing supply - IIP New research from Irish Institutional Property suggests significantly expanded housing supply not possible without substantial funding support from institutional investors. Ireland needs to attract more international development capital in the years to come if it is to meet the housing needs of its growing population according to new research. Notwithstanding the expanded role of the State and continued funding from a smaller domestic banking sector, approximately 60% of the necessary funding must come from international investors. The research is from Irish Institutional Property (IIP), the voice of institutionally financed investors with significant international backing in the Irish real estate market. Among the research's key findings are. 2022 saw the highest annual housing output in the State since 2006. International capital has played a significant role in that increased output. A combination of macroeconomic forces and local factors - such as the continued dysfunction in our planning system and the current rental cap – have negatively impacted institutional investor sentiment towards Ireland. The rental cap in particular is not in line with international best practice and discourages investment in, and provision of, increased housing supply. There are significant volumes of institutional capital available and ready to be deployed when the overall investment climate improves - volumes which cannot be replaced by domestic sources. An increase in housing output will require a disproportionate increase in international investment capital, as domestic sources are limited by definition. The findings come on foot of ESRI estimates of total housing output in 2023 of 32,500 units. Speaking upon the publication of the research, IIP Chief Executive Pat Farrell said; This new research from IIP shows that while state investment is at a record high- and rightly so- international capital, like that provided by IIP members, accounted for most of the finance provided to develop housing in Ireland. More importantly, perhaps, the research shows that as we attempt to ramp up housing output in the years ahead, so too the need to attract institutional capital investment will intensify. Whilst the State's flagship Housing for All policy targets 40,000 units per annum by the end of the decade, a number of informed sources- including Taoiseach Leo Varadkar in July of this year - said that the targets should be around 60,000 per annum. In this latter scenario, our research estimates that total investment capital of €18.5bn would be needed annually to deliver this target, over 61%, or €11.3bn of which would have to be provided by institutional investors. This provides further evidence of the need for policy stability and predictability which supports the continued deployment of international capital here to ensure we can effectively tackle the housing crisis and deliver the required output of homes needed to provide a sustainable housing sector which meets the needs of all who require a home. ENDS About IIP IIP is the voice of institutionally financed investors with significant international backing in the Irish real estate market. IIP members manage c.€20bn of Irish property. IIP members directly employ over 6,000 people. IIP members indirectly employ a further c.23,000 people * IIP tenant companies employ more than 36,000 people. IIP members include four of the largest 20 stocks on Euronext Dublin (formerly known as Irish Stock Exchange) *Estimate based on indirect and induced jobs within European listed real estate sector. Source: EPRA & PwC Media contact Steve Lynam Q4PR 087-2354126

IIP Pre-Budget Submission - 2024 Irish Institutional Property (IIP) is the voice of institutionally financed investors and real estate providers with significant local and international backing in the Irish real estate market. The mission of IIP is to promote the development of a progressive world class real estate sector in Ireland, which benefits members, the economy and wider society. IIP members are backed by a diverse group of investors, including Irish and international pension funds, among others. Post the Global Financial Crisis (“GFC”), institutional capital has become a significant component of both the global and Irish real estate markets, providing stable long-term funding to enable sustained delivery of the required supply of critical infrastructure, housing and workplaces. This capital has now largely re-structured and replaced the “highly leveraged” model of the past, supported by government policies which enabled the establishment of REITs and other tax transparent structures. These developments were necessary to put Ireland on par with other OECD countries that recognises capital intensive activities such as real estate, need stable and more conservative capital structures to avoid the debt fuelled boom and busts of the past. Since 2015 IIP members, have collectively invested c.€20bn in delivery of critical real estate in the Irish market Download Report

IIP Opening Statement to Oireachtas Housing Committee – 14/02/2023. Irish Institutional Property (IIP) is the voice of institutionally financed investors and real estate providers with significant local and international backing in the Irish real estate market. The mission of IIP is to promote the development of a progressive world class real estate sector in Ireland, which benefits members, the economy and wider society. IIP members are backed by a diverse group of investors, including Irish and international pension funds, among others. Post the Global Financial Crisis (GFC) institutional capital has become a significant component of both the global and Irish real estate markets, providing stable long-term funding to enable sustained delivery of the required supply of critical infrastructure, housing, and workplaces. This capital has now largely re-structured and replaced the “highly leveraged” funding model of the past. These changes in the funding model were necessary to put Ireland on a par competitively with other OECD countries that recognises capital intensive activities such as housing and related real estate, need stable and more conservative capital structures to avoid the debt fuelled boom and busts of the past. Download Report

Pre-budget submission 2023. Irish Institutional Property (IIP) is the voice of institutionally financed investors and real estate providers with significant local and international backing in the Irish real estate market. Download Report for IIP Budget Submission 2023

Pre-budget Submission 2021. Irish Institutional Property (IIP) is the voice of institutionally financed investors and real estate providers with significant local and international backing in the Irish real estate market. Download report for IIP Pre Budget submission 2022