Davy seeks to raise another €50m to expand Dublin property portfolio

Davy is looking to raise €50 million for its flagship property fund after attracting €100 million of new investment.

The fund, which owns a number of high-profile offices and retail properties across Dublin, plans to use the cash to expand its portfolio.

Davy said the €100 million had allowed it to redeem the old AIB holding in the fund. It acquired investment firm Prescient, formerly AIB Investment Managers, a number of years ago, ...