Bedsit investors make a 200% return flipping properties to investment fund

Property investors who bought up bedsits in recent years made a 200 per cent return last year when they flipped their portfolios to a Liechtenstein-based investment fund for more than €50 million.

Nassarius Capital, a company in Liechtenstein controlled by the Swiss-based Monterosa Group, acquired 24 properties in Ireland last year for €50.6 million. The houses are all subdivided to contain between four to seven bedsits each.

I was in one this year and I couldn’t wait to get out. Claustrophobic and unnatural. It reminded me of a kids playhouse. The rents on them are probably extortionate too.

ah great

Massive Profiting from slum dwellings...

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Source: IrishTimes - 🏆 3. / 98 Read more »