Tag Archives: Vultures

The Casino apartment complex, Malahide, county Dublin

This morning.

Via The Irish Times:

National Asset Management Agency (Nama) is close to signing off on the bulk sale of 69 apartments in Malahide, Co Dublin, to a UK-based investment fund.

A deal has been reached in principle to sell the apartments at The Casino development in Malahide village to SeaPoint Capital, a serial block-buyer of apartments for the rental market.

Some 34 apartments in the complex were sold to private buyers for an average price of €433,000 over the past 2½ years. Nama is selling the remaining unsold apartments in bulk.

Nama close to approving sale of Dublin apartments to UK-based fund (Irish Times)

Meanwhile…

Pic: MyHome.ie