Funds now circling Danske Bank's €125 million Project Arc portfolio

A large number of prospective buyers have expressed an interest in the €125 million property portfolio of Danske Bank.

21st September, 2013
The Arena Centre, Tallaght. Photo: Feargal Ward

The quoted property fund, Green REIT, the US private equity fund Apollo Asset Management and a number of Irish institutional investors are all circling Project Arc, a 12-strong commercial property portfolio being auctioned by Danske Bank.

A large number of prospective buyers expressed an interest in the €125 million portfolio, and a shortlist of between five and ten bidders has now been drawn up.

Potential buyers were informed if they had made the shortlist late...

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