The Irish commercial property market is set for a massive influx of capital as two US investment heavyweights, Marathon Asset Management and Kennedy Wilson, are committing more money to the European market.
New York-based Marathon has committed more than $530 million to a new fund for investments in Ireland, Spain and Germany. Marathon, an $11 billion hedge fund, is looking for European distressed property investments as banks continue to offload unwanted assets.
California investment firm Kennedy Wilson...
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