Angelo Gordon pounces on Dublin resi with €79m buy

Irish housebuilder Cairn Homes has sold 229 build-to-rent flats in Dublin to a special purpose company. The firm, managed by Carysfort Capital and funded by Angelo Gordon, bought the flats for €78.75m. The deal comes hot on the heels of the sale of Cairn’s Six Hanover Quary in Dublin to the same special purpose company last year, for around €101m.  The 229 new homes, comprising apartments, duplexes and houses, are being delivered on a phased basis until the end of 2020.  The scheme is located 1km from Adamstown train station, which provides direct access into Dublin city centre.  To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette