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British weapons dealer sells Irish houses to Davy investment fund

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The pension fund of a British weapons dealer has sold its Irish residential portfolio to a Davy investment fund for a 15 per cent profit less than a year after purchasing the homes, the Business Post can reveal.

BAE Systems spent €14.4 million acquiring 43 second-hand properties in Ireland in 2021 through its pension fund.

Records obtained by this newspaper show that the British weapons manufacturer sold the properties in April for €16.8 million to ...

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