Meet the investment company trying to spend €200 million

Serious property investors are walking away from deals that are taking too long to bring to fruition, writes Ian Kehoe.

Ian Kehoe - avatar

Ian Kehoe

23rd June, 2012
Derek McGrath, Ciaran Sudway and Sean O'Neill, directors of TWM Select. Photo: Tony O'Shea

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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