Irish investors move up overseas property food chain

Investment in overseas commercial property reached almost €4 billion this year, and 2004 will be remembered as the year when Irish investors moved up the food chain and began battling for larger lots.

4th December, 2004

Investment in overseas commercial property reached almost €4 billion this year, and 2004 will be remembered as the year when Irish investors moved up the food chain and began battling for larger lots.

The purchase of the Savoy Hotel Group by a Derek Quinlan consortium for more than €1 billion captured most of the headlines.

However, a consortium led by Paddy Kelly is also developing a scheme worth nearly that amount in Florida.

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