DevSec plans more Irish investments

14th June, 2015
DevSec plans more Irish investments
DevSec has acquired Nutgrove Retail Centre where occupancy stands at just over 80 per cent

British listed property fund, Development Securities, or ‘DevSec’, is staying true to its plans to continue investing in the Irish property market, as detailed in an interview with the company’s executive director Matthew Weiner in Property Plus last year.

Last week, DevSec announced it had acquired two retail investment properties, Nutgrove Retail Centre and Beacon South Quarter in Dublin for €12.8 million.

The investments suggest a net initial yield of 6.72...

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