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.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago