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

Two property investors sold 21 houses to a Liechtenstein-based firm for €45.7 million last year. Picture: Getty

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 ...