Mars Capital, an affiliate of US private equity fund Oaktree, has snapped up a portfolio of 1,000 residential investment properties from Bank of Ireland.
Mars held off competition from Deutsche Bank and Kennedy Wilson to acquire the portfolio of buy-to-let properties. The deal closed last week, with Mars paying in the region of €145 million for the portfolio.
The sale is among the largest portfolios of residential properties ever in Ireland. and was codenamed Project Venus.
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