Galway Bay fm newsroom - A European property firm has closed a deal which will see it take ownership of hundreds of buy-to-let homes across Galway, Cork and Dublin, as well as a small number of commercial properties.
According to the Irish Times, the LRC Group paid around €150 million to acquire 600 residential and commercial assets from Oaktree affiliate, Targeted Investment Opportunities.
It's understood the portfolio was being prepared for a potential sale on the open market by TIO under the moniker Project Turner, before LRC moved to secure it in an off-market transaction.
LRC’s purchase of the Project Turner portfolio brings the number of residential properties it owns and controls across Dublin and Ireland’s other main cities to just over 1,600.
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