Mars expands as it snaps up buy-to-let portfolio

Ian Kehoe - avatar

Ian Kehoe

30th December, 2014

Mars Capital, an affiliate of US private equity fund Oaktree, has snapped up a portfolio of 1,000 residential investment properties from Bank of Ireland.

Mars held off competition from Deutsche Bank and Kennedy Wilson to acquire the portfolio of buy-to-let properties. The deal closed last week, with Mars paying in the region of €145 million for the portfolio.

The sale is among the largest portfolios of residential properties ever in Ireland. and was codenamed Project Venus.

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Housing crisis is coming home to roost for the government parties

Housing Elaine Byrne 23 hours ago

Matt Cooper: Falling house of cards could take this government with it

The Last Post Matt Cooper 23 hours ago

Colin Murphy: Unionists are not the only ones ensnared by figments of the past

Willie O’Reilly: Pressing home the point that truth is not a luxury

Media Willie O'Reilly 23 hours ago