Overseas investment firms become active in flipping Irish commercial property

The sales may spell good news for some hard-pressed Irish property owners, as well as smaller Irish investors who want to get in on the property recovery, writes Donal Buckley.

26th January, 2014
Riverside II on Sir John Rogerson's Quay, Dublin 2, was bought for €35.6 million and flipped for €50 million within 18 months.

Some overseas investment funds are already cashing in their chips by selling on Irish properties purchased over the last two years. As well as generating profits for the vendor funds, the sales may also spell good news for some hard pressed Irish property owners as well as for smaller Irish investors who are seeking to get in on the Irish property recovery. Such smaller investors are expected to buy more flipped properties in the next...

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