Skip to main content

Posts

Showing posts with the label vulture funds

Fund buys 46 out of 54 houses in Dublin estate for private rental

The properties are now being advertised for rent at €3,175 per month. AN INVESTMENT FUND has purchased 85% of the homes in a new housing estate in north Dublin. Forty-six of the 54 units in Belcamp Manor in Balgriffin, Dublin 17 were sold last month for over €21.5 million. A filing on the Property Price Register shows that the properties were purchased for €21,585,904 in December 2023. Sources in the industry have confirmed the houses were bought by an investment fund, but the name of the firm has not been revealed. The Land Registry has not yet been updated to reflect the new owners. The houses, which were launched by estate agents Knight Frank in December 2022, are fully furnished and located on the Malahide Road. Occu, a private rental sector company owned by Sw3 Capital, is now advertising the four-bedroom properties for rent at €3,175 per month. In a statement, Occu – which has properties for rent at 15 other locations in Dublin – made clear it does not own the property, de