Property trust REIT to buy Marker Residences development for €50m
Brehon Capital and Midwest, which is the seller, acquired the residences and retail development in 2011 as part of the mixed-use complex that includes the award winning Marker Hotel for €30m beside Grand Canal Square.
The building comprises 84 luxury apartments completed to exacting standard in addition to 6 fully occupied commercial units at ground floor level, with car parking provision for 113 spaces at basement level. advertisement
Irish Residential …
Debt burden means Ireland's three years off AAA rating – S&P
S&P became the first of the big three ratings agencies to return Ireland to the ‘A’ category last week, but it remains several levels from the prized top notch.
Ireland lost its AAA ranking from S&P in 2009. advertisement
Kyran Curry, the agency’s sovereign ratings director, said it took seven years for Australia to regain its AAA rating. In Ireland’s case, he said it would be well beyond three years.
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Tough austerity strategy was better than defaulting
Obama wanted to plan for the key accomplishments in his first term. “Your accomplishment is going to be preventing a second Great Depression”, Geithner responded. As an astute politician, Obama knew that avoiding disaster would not be enough.
Here in Ireland, the recent election results have underlined the difficult politics of disaster avoidance. After six years of painful measures to balance the Government’s books, austerity fatigue is understandably widespread. But …
Wilbur Ross backs new fund to lend to Irish builders
Fresh from his successful Bank of Ireland sale, the US billionaire’s firm has struck a joint venture agreement with Irish investment house Cardinal Capital that aims to raise €400m for property investments.
The new fund will be open to new investors as well as those who backed Wilbur Ross, pictured, previously on deals including his successful Bank of Ireland play. The fund-raising is expected to be finalised by September.
State to 'vigorously defend' position as EC probes Apple's tax deal
The Department of Finance countered that it is confident Ireland has not broken EU state aid rules. A spokesman said the State’s position would be vigorously defended after EU competition commissioner Joaquin Almunia announced the much-expected in-depth investigation yesterday.
Apple again said yesterday that it had received no special consideration from Irish officials and said it was subject to the same tax laws as scores of other companies in Ireland. …