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

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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 ...

 

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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.
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