Bedsit investors make a 200% return flipping properties to investment fund
Nassarius Capital acquired 24 houses divided up into bedsits in Ireland last year for €50.6m
Property investors who bought up bedsits in recent years made a 200 per cent return last year when they flipped their portfolios to a Liechtenstein-based investment fund for more than €50 million.
Nassarius Capital, a company in Liechtenstein controlled by the Swiss-based Monterosa Group, acquired 24 properties in Ireland last year for €50.6 million. The houses are all subdivided to contain between four to seven bedsits each.
The majority of the properties were bought from ...