DWS fund buys 214 apartments near Dublin


A DWS fund is acquiring 214 apartments being developed by the Cosgrave Group in the Dublin-area town of Dún Laoghaire for around €108mn. The rental apartments are due for completion in stages between September 2019 and February 2020. Plans are for four five-story and six-story buildings to be built over an underground parking garage. The Irish Times has reported that the purchase price was well above the initial price guide of €95mn. DWS confirmed the transaction to TD.

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