Cork evicting giant’s refurb and flip policy

Owner of 400 apartments, Lugus Capital, targets ‘young professionals’ following renovation

19th November, 2017
Former stockbroker Peter Horgan, who is involved in Lugus Capital

Lugus Capital, the company seeking to end the tenancies of 23 households at a Cork apartment building, boasts a portfolio of 400 apartments and to date has acquired 700 development plots.

On its website, the company reveals its strategy of acquiring homes to refurbish and ‘re-let’ to young professionals.

“On acquiring buildings, we completely refurbish them to a high standard, before re-letting with a focus on attracting young professional tenants,” its website states.

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