Late billionaire made over €20m on Irish property play
Norwegian shipping magnate made large profit from three properties bought in 2014 as market recovered
Erik Henriksen, the late Norwegian billionaire shipping magnate, made over €20 million in a bet on Ireland’s property market recovery, it has emerged.
Filings for his Irish Infinity Fund, an alternative investment company, show that in one case it made a 40 per cent profit, having purchased six commercial property investments in 2014. Property records also show the fund, which is being wind down, made a profit of €20 million on three of the investments.
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