British weapons dealer sells Irish houses to Davy investment fund
BAE systems made €2.4m profit by divesting itself of 43 second-hand Irish homes less than a year after buying them
The pension fund of a British weapons dealer has sold its Irish residential portfolio to a Davy investment fund for a 15 per cent profit less than a year after purchasing the homes, the Business Post can reveal.
BAE Systems spent €14.4 million acquiring 43 second-hand properties in Ireland in 2021 through its pension fund. Records obtained by this newspaper show that the British weapons manufacturer sold the properties in April for €16.8 million to ...