Commercial Investment

Developer Marlet sells Mount Merrion units to German fund

Pat Crean’s group sold the complex section for an undisclosed sum

Marlet has sold its 30 apartments and 18 duplex apartments at Oatlands Manor in Mount Merrion in South Co Dublin to a German investment fund for an undisclosed sum

Developer Pat Crean’s Marlet Property Group has sold the apartment complex section of its Oatlands Manor residential development in Mount Merrion in south Dublin to a German real estate investment fund for an undisclosed sum.

German investor, Real IS, announced it had acquired the units at 1 Cherrygarth, for the open-ended retail real estate fund Realinvest Europa. The parties have agreed not to disclose the price of the transaction.

The development incorporates a mix of ...