It has the money, but it can't spend it. TWM Select, a Dublin investment house, says its ambitious plans to buy hundreds of millions of euro of Irish property assets are being stymied by the slow pace of the Irish banks.
TWM has offers totalling €200 million on the table on behalf of its clients. However, it said that all of those deals had become "stagnant" as a result of protracted decision-making by banks, selling...
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