Davy clients called to meeting over performance of property portfolio

Davy Stockbrokers has summoned its private clients to a series of meetings to brief them on the performance of the broker’s €1 billion property portfolio, much of which was acquired at the height of the property market.

20th September, 2008

Davy Stockbrokers has summoned its private clients to a series of meetings to brief them on the performance of the broker’s €1 billion property portfolio, much of which was acquired at the height of the property market.

The move comes as the credit crisis deepens and amid growing uncertainty in international property markets.

Many of the deals are not now expected to deliver the returns outlined at the time of the fund-raising, while...

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