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Real estate fund manager KGAL has acquired a fully leased portfolio of 8,882 square meters in Ireland on behalf of the European Housing Fund.
The company invested an undisclosed amount on behalf of the KGAL Core 5 LIFE fund to purchase three 104-home properties in Lucan, Co. Dublin from TPG Angelo Gordon and his local partner Carrisfort Capital. did.
Andre Zucker, co-CEO of KGAL, said: “In addition to expected rental income growth, favorable conditions offer a real possibility of increasing the value of our new construction portfolio. ” he said. At the same time, the risk of letting go is low. ”
These properties were constructed between 2020 and 2022.
Zucker, who is also head of transaction management, said the deal was KGAL Core 5 Life Fund’s second acquisition following its investment in Malaga in southern Spain in 2023, and that the investment “exceeded our expectations.” Ta.
Florian Martin, co-CEO and head of business development at KGAL, said: “We are very happy with our purchase in Dublin and are already looking at a number of other European properties.
“Following KGAL Core 5 LIFE’s strong start, we are seeing increased interest from investors and we plan to close our next fund in the coming months.”
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