There is around €5bn in requirements looking for opportunities, with IBRC, Ulster Bank and NAMA seen as the key strategic vendors supplying the market with substantial portfolios of loans and assets.
Many buyers are looking for scale with an expectation there will less pressure on pricing if they compete for larger lots as there should be a thinner market of buyers. Key purchasers for these include Kennedy Wilson, Lonestar, Hibernian REIT, IPUT, Irish Life, Blackstone, Apollo, Hines, Green REIT, Brehon, Pimco, Avestus and Signature Capital.
As the portfolios become more diversified, purchasers are looking to partner up to ensure they are competitive on pricing and have the right mix of skills. Buyers driving the deals are a combination of REITs, pension funds, asset managers, international opportunistic funds, international institutions and private investors.
Read the full story in the Irish Independent
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