Wednesday April 1, 2020

Davy clients €500m property spend

Private clients of Davy Stockbrokers are to spend €500 million on British commercial property this year. The fund, which was set up in December, will buy institutional grade investment stock ‘‘from highly motivated vendors’’, according to the prospec

19th January, 2008

Private clients of Davy Stockbrokers are to spend €500 million on British commercial property this year. The fund, which was set up in December, will buy institutional grade investment stock ‘‘from highly motivated vendors’’, according to the prospectus, which has been seen by this newspaper.

‘‘It is our contention that the current liquidity crisis will allow the company to acquire assets at substantial discounts to current peak values,” it said....

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