Most Irish property funds have lost money over the last five years, but one group of commercial property investors have booked a 48 per cent return by putting their money in the German market.
The Third Augusta Syndicate fund, which started in November 2007 with 47 investors and €7.8 million, is now exiting with 48 per cent growth.
That return comfortably beat the performance of both global and Irish stocks over the same period, during which Irish property prices...
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