DWS buys 214 Dún Laoghaire rental apartments for €108m

DWS buys 214 Dún Laoghaire rental apartments for €108m
The Fairway: residents can avail of gym facilities, a communal courtyard garden, a piazza, playgrounds and bicycle parking

British-based European investment fund DWS Alternatives Global has bought 214 apartments in a private rented sector (PRS) investment at the Fairway in Dún Laoghaire in south Dublin.

The Cosgrave Group scheme, which was guiding €95 million through agent Hooke & MacDonald, is part of the larger Cualanor development on Upper Glenageary Road and is due for completion between this September and February next year.

The €108 million price represents a gross yield of 4.89 per cent...

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