Housing

Small investment firm snaps up €14m of homes in two years

Arena Capital has bought residential property in Ireland with a view to lease the units to councils for social housing

Under the long-term leasing initiative, the local authority rents homes for social housing at between 80 to 85 per cent of the open market rent for up to 25 years. The council is also responsible for the upkeep of the property. Picutre: