Developers expect “dramatic slowdown” in build-to-rent apartments market

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Developers expect a major slowdown in the market for institutionally-backed build-to-rent apartment schemes Peter Byrne/PA WireSean Mulryan’s Ballymore development group has pulled out of a €45 million deal to buy a 27-acre site in north Dublin, ahead of an expected “dramatic slowdown” in the market for building apartment blocks with institutional backing for the rental market, the Sunday Times reports.

5 per cent in May but talks were delayed while RTÉ awaited the outcome of the Future of Media Commission and also the budget, when it got an extra €15 million in funding. Negotiations are due to resume on October 14th.The Sunday Independent reports that Irish healthy food chain Freshly Chopped is close to agreeing a deal to open 120 sites across the UK in a deal with a major UK retailer.

 

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