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A new housing development in Omeath, Co Louth has become the latest to be built with funding from a digital crowdfunding platform backed by more than 2,600 investors. Arda Oberon, developed by Newry firm Meeko Construction, will deliver six new family homes in the village after receiving construction funding from Property Bridges, Ireland's only specialist homebuilding finance investment platform.
If you have information about this incident or can help with the investigation please call police at Ardmore on the non-emergency number 101, quoting reference number:
You can also submit a report online using the non-emergency reporting form via www.psni.police.uk or contact Crimestoppers anonymously on 0800 555 111 or online at crimestoppers-uk.orgp
If you have information about this incident or can help with the investigation please call police at Ardmore on the non-emergency number 101, quoting reference number:
You can also submit a report online using the non-emergency reporting form via www.psni.police.uk or contact Crimestoppers anonymously on 0800 555 111 or online at crimestoppers-uk.org
The development is intended to help meet demand for housing in Co Louth, where it is estimated that more than 8,385 homes are needed to meet demand by 2030. Construction is expected to be completed in 2026, with three-bedroom homes priced from €390,000.
Developer Ryan Meehan said Arda Oberon brought much-needed new homes to Omeath. "We're delighted to have completed the first phase of the build," he said. "Funding through Property Bridges meant we could get moving quickly, without the delays that often come with traditional bank finance, and that means homes get built sooner for local families." Meehan, 36, founded Meeko Construction in 2017, initially building homes for private clients before expanding into commercial work and fit-outs. The business had 13 new-build houses under construction in 2024 alone and is now moving into developing its own housing schemes, with the aim of growing steadily into medium-sized developments while retaining the hands-on approach and high standards it was built on.
Property Bridges connects retail investors from all over Ireland, including Co Louth, directly with vetted homebuilders, giving investors the chance to back housing developments such as Arda Oberon while smaller developers get a faster and more flexible alternative to traditional bank lending. Individuals can invest between €500 and €500,000 in asset-backed residential property developments, and those who invested in Arda Oberon received the targeted annual return of 7.5% on their investment. Construction of the homes has also driven local economic activity, creating employment during construction among contractors and suppliers in the area.
David Jelly, Chief Executive Officer of Property Bridges, said it was always good to see a new development completed. "Small and medium-sized developers build two-thirds of all new homes in Ireland and that's exactly who our platform backs," he said. "We connect individual investors looking for a better return than a deposit account with the developers who are actually building the homes Ireland needs, in Louth and all around Ireland."
Property Bridges was launched in 2018 and connects a community of retail and institutional investors directly with vetted Irish residential developers, giving investors asset-backed access to homebuilding finance. To date it has funded more than 1,000 homes nationwide, deploying over €300 million from its community of 2,600 investors, and is regulated by the Central Bank of Ireland as a crowdfunding service provider. The company places emphasis on investor education and a discerning investment approach, and says it champions openness and transparency to allow investors to make informed decisions that align with their individual risk appetites.
