D-res execs must hit targets before payouts

Senior executives at US fund Lone Star’s new €400 million Irish home builder will have to hit construction targets before securing multimillion-euro payouts, eschewing controversial industry standards that have grown up in recent years.

The senior team at D-res, the Lone Star vehicle, have told investors they will not seek to replicate the multimillion-euro bonus structures that have become common in the sector in recent years.

The generous bonuses, delivered to senior executives ...