Deutsche Bank pays Danske €100m for Irish properties

Deutsche Bank has snapped up more than 680 Irish buy-to-let properties from Danske Bank for a price believed to be in the region of €100 million.

Ian Kehoe - avatar

Ian Kehoe

1st June, 2014

Deutsche Bank, Germany's biggest lender, has snapped up more than 680 Irish buy-to-let properties from Danske Bank for a price believed to be in the region of €100 million.

The Frankfurt-based heavyweight fought off competition from US firms Kennedy Wilson and Oaktree Capital Management to bag the portfolio, which was put up for sale by Danske Bank earlier this year as part of its Irish retrenchment.

Around 60 per cent of the buy-to-lets are in the...

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