Pluto Finance completes first BREDS-backed deal with €35m Dublin PRS loan

By Bridging Loan Directory 21st January 2026

Pluto Finance (“Pluto”), a specialist pan-European real estate lender, has deployed the first loan from its £2 billion strategic partnership with Blackstone Real Estate Debt Strategies (“BREDS”).

The €35m senior facility has been arranged with Dutch family office N&W Capital to facilitate its first residential investment in Ireland, Kilcarbery Square in Dublin, comprising 115 modern private rented sector (PRS) units.

The PRS development of high-quality one- two- and three-bedroom apartments across three separate blocks was completed in 2023 and boasts A Energy Ratings.

It forms part of an established residential neighbourhood in West Dublin with community amenities, convenience retail and green space.

This loan leverages Pluto’s extensive borrower network and origination and structuring capabilities across European mid-market lending amid rising demand for private credit solutions.

The demand is being driven by traditional banks reducing their exposure to real estate lending, compounded by a systematic undersupply of housing across major cities.

Ciaran Singh, Managing Director Europe at Pluto Finance said:

“We are very pleased to have delivered the first loan from the Pluto–BREDS partnership and to work with N&W Capital to support its acquisition of the Kilcarbery Square PRS housing scheme in West Dublin.

This transaction is representative of Pluto’s approach to originating and structuring high-quality senior lending opportunities secured by high quality underlying collateral and reflects our deep knowledge of local markets to support investors’ ambitions of acquiring well-located, stabilised assets.”

Guido Specht, CEO at N&W Capital added:

“The acquisition of Kilcarbery Square reflects our strategy of selectively deploying capital into high-quality living assets in supply-constrained European cities.

We were particularly pleased with the constructive and professional approach taken throughout the process by Pluto Finance, and we look forward to continuing our relationship on future opportunities.”