Insights > Deals
Castlehaven debt moves McHugh's Galway scheme towards delivery
17 September 2026 | Development finance | Ireland | 586 beds | Development
McHugh Property Holdings will use these funds to construct a 586‑bed complex on Coolough Road, in one of Ireland's most supply‑constrained university markets.
Key details
Asset type | Development |
Location | Galway, Ireland |
Capacity | 586 beds |
Borrower | McHugh Property Holdings |
Lender | Castlehaven Finance |
Value | Undisclosed |
Adviser | EY-Parthenon / RDJ / KSN / Knight Frank |
Source: Castlehaven Finance
Castlehaven Finance provided a development debt facility to McHugh Property Holdings for a PBSA scheme on Coolough Road in Galway. The consented project comprises 84 apartments with 586 bedspaces across seven blocks. Plans also include communal amenities, a cafe, retail space, cycle parking and public‑realm improvements.
EY‑Parthenon, RDJ, KSN and Knight Frank advised on the transaction.
Strategic context
The facility gives McHugh dedicated capital to advance a sizeable consented scheme in a market where student demand continues to outpace purpose‑built supply.
For Castlehaven, the transaction extends its development‑lending franchise into institutional‑scale PBSA and adds exposure to a university city with strong accommodation fundamentals.
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