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:

Arena Capital, a small investment firm that has bought up second-hand homes, has built a portfolio of residential property in Ireland worth more than €14 million over two years.

The company has acquired second-hand homes in a bid to lease the properties to local authorities for social housing. In November 2021, the firm was listed among the firms leasing homes to Dublin City Council.

New accounts published by five firms linked to Arena Capital show ...