Irish Residential Properties REIT has completed the acquisition of 146 homes in Castleknock, Dublin 15 for €60m (£53m).
The homes at the Phoenix Park Racecourse comprise a mix of flats and houses.
The assets are expected to generate a gross initial yield of 5.3%, based on the current passing annual rent on the 137 let properties. It brings the IRES portfolio to 3,834 homes.
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Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
