Hive of activity

Exciting new developments are expected after the sale of a group of properties around Grafton Street

An artist’s impression of the planned redevelopment at Royal Hibernian Way in Dublin 2

The size of the Friends First Irish property fund has increased by €142 million to €456 million during the 12 months to March 31 this year. At that March date, the value of the properties managed by the funds were valued at €373 million, which reflects portfolio growth of over €120 million in the last 12 months.

This followed Friends’ purchase of the Madrid portfolio of properties off Grafton Street, which included a ...