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Buyers’ changing profile means market is much different to Tiger days

Whether it has been US firms such as Blackstone and Kennedy Wilson, Asian firms such as Oxley, or big European players such as DZ Bank, investment from overseas is showing few signs of slowing down.

Some of these players, particularly the private equity funds, have been referred to by some as “vulture funds” and have been criticised for buying up Irish assets at bottom dollar prices.

Maples and Calder partner Diarmuid Mawe however disagrees, and he is well placed to comment as head of the commercial proeprty division for the law firm in Dublin.

“The arrival of the international investors to the market saw initial concerns being raised, but such concerns were short-sighted in nature,” he says.

Read the full story in the Irish Independent

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