Lone Star selling down Irish assets
Lone Star, the largest single investor in Irish property since the crash, plans to sell down its existing position in the Irish market further this year.
The investment fund is sitting on substantial profits since it began to invest in Ireland in 2012.
It does not plan to exit the Irish market or to stop bidding for new property assets and loan portfolios. However, with returns available to investors normalising, the fund will not invest to the same scale in Ireland again.
Last week Lone Star sold a Dublin office pool for €350 million to Starwood Property Trust, a ...
