Irish property funds book writedowns of €240m as commercial market turns

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

Some of Ireland’s largest property funds have recorded almost €240 million in write-downs over the last six months, as the commercial real estate market continues to correct in the face of rising interest rates and weak demand.

A Business Post analysis has found that eight funds operated by Bank of Ireland, Irish Life, Aviva, Zurich and

State Street Global Advisors, with a combined value of more than €4.6 billion, have seen their value eroded by ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Irish property funds book writedowns of €240m as commercial market turnsSome of Ireland’s largest property funds have recorded almost €240 million in write-downs over the last six months, as the commercial real estate market continues to correct in the face of rising interest rates and weak demand. The fed should have been aware of what was going on at SVB though It is intentionally weak because they don't want people owning profit. That's why prices are still so high with weak demand. The vultures will buy them all.
Source: businessposthq - 🏆 8. / 71 Read more »